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14 Mar

European Commission bets on long-term contracts to reform electricity market

The European Commission said on Tuesday its proposed reform to the EU electricity market will accelerate the deployment of renewables ahead of the region’s needed electrification boost, Kallanish reports. Unveiling the reform package, energy commissioner Kadri Simson noted that the EU electricity market design has served both companies and consumers well for over two decades. However, Russia’s attack on Ukraine exposed “a number of shortcomings i…
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