EU Strikes Deal on Power Market Reforms After Months of France-Germany Deadlock
-
EU energy ministers reach deal on reforms to power market subsidies after months of deadlock between France and Germany.
-
New rules allow for fixed-price, long-term contracts to protect consumers from volatile prices.
-
Compromise allows state aid for new and existing plants, benefiting France's nuclear fleet.
-
Aid must not distort competition, a concession to Germany's concerns.
-
Deal aims to benefit consumers through cheap renewable energy costs while boosting energy security.