On 21.05.2024, the European Council approved updated rules for the structure and functioning of the European electricity market. Consumers across the EU will now be able to benefit from more stable energy prices, less dependence on the price of fossil fuels and better protection against future crises on the way to a carbon-free European Union. The electricity market reform was first presented by the European Commission in March 2023. It amends the 2019 Electricity Regulations and the 2018-2019 Directives, as well as the Regulation on protection against wholesale market manipulation energy (REMIT).
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