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Von der Leyen: Consumers should benefit from the electricity market reform

According to the President of the European Commission, Ursula von der Leyen, consumers should benefit most from the planned reform of the European electricity market. “Consumers are at the center of this reform,” said the German politician in an interview with the German Press Agency and other agencies of the European Newsroom. A key goal is to bring consumers closer to the benefits of low-cost renewable energy.

The EU Commission intends to present its proposals for reforming the electricity market on Tuesday. Electricity prices have skyrocketed over the past year. The reason for this was, among other things, that at times around half of the French nuclear power plants failed. In addition, the rise in electricity prices was a consequence of skyrocketing gas prices as a result of the Russian war of aggression in Ukraine.

Von der Leyen is counting on the EU states and the European Parliament to conclude negotiations on the new proposal by the European elections in May 2024. This was well thought out and intensive consultation was held with experts. “So I think it’s worth working hard to get it done before the European elections.”