EU Energy Ministers Reach Deal on Electricity Market Reform to Curb Price Volatility, Boost Renewables
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EU energy ministers reached an agreement on electricity market reform to protect consumers from volatile prices and accelerate renewables deployment.
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The deal ended a months-long standoff between France and Germany over long-term Contracts for Difference (CfDs).
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France wanted nuclear power included in CfDs but Germany feared unfair advantage; a compromise was reached.
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The reform aims to provide long-term stability in EU electricity markets and prevent spikes in consumer bills.
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It still needs to be negotiated with the European Parliament but is seen as a strategic step forward for EU energy policy.