{"id":142537,"date":"2023-10-19T03:00:34","date_gmt":"2023-10-19T01:00:34","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=142537"},"modified":"2023-10-18T10:59:08","modified_gmt":"2023-10-18T08:59:08","slug":"council-agrees-on-eu-electricity-market-reform","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/council-agrees-on-eu-electricity-market-reform\/","title":{"rendered":"Council agrees on EU electricity market reform"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>The Council agreed its position (general approach) on a proposal to amend the\u00a0EU\u2019s electricity market design (EMD).<\/strong><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/10\/Captura.png\"><img decoding=\"async\" class=\"size-full wp-image-142534 aligncenter\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/10\/Captura.png\" alt=\"\" width=\"953\" height=\"485\" srcset=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/10\/Captura.png 953w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/10\/Captura-300x153.png 300w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/10\/Captura-768x391.png 768w\" sizes=\"(max-width: 953px) 100vw, 953px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The aim of the reform is to make\u00a0<strong>electricity prices<\/strong>\u00a0less dependent on volatile fossil fuel prices and shield consumers from price spikes, notably by improving the way the\u00a0<strong>long-term electricity market<\/strong>\u00a0works.<\/p>\n<p style=\"text-align: justify;\">The proposal is part of a wider reform of the EU\u2019s electricity market design which also includes a regulation focused on improving the Union\u2019s protection against market manipulation through better monitoring and transparency (REMIT). A general approach on REMIT was agreed during the\u00a0<strong>Transport, Telecommunications and Energy Council<\/strong>\u00a0(energy) on 19 June 2023.<\/p>\n<table style=\"width: 99.9988%; border-collapse: collapse; border-style: double; border-color: #001f7d;\" cellpadding=\"0,5\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><a href=\"https:\/\/www.cde.ual.es\/la-comision-europea-propone-la-reforma-de-la-configuracion-del-mercado-de-la-electricidad-de-la-ue\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/03\/pexels-cottonbro-studio-5094564-scaled.jpg\" alt=\"\" width=\"201\" height=\"134\" \/><\/a><\/p>\n<h4 class=\"entry-title\"><a href=\"https:\/\/www.cde.ual.es\/en\/european-commission-proposes-reform-of-the-eu-electricity-market-set-up\/\" target=\"_blank\" rel=\"noopener\">European Commission proposes reform of the EU electricity market set-up<\/a><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: justify;\">Other business<\/h3>\n<p style=\"text-align: justify;\">Under any other business, the Ukrainian Minister for Energy joined to inform about\u00a0<strong>EU-Ukraine energy cooperation ahead of the winter season and on the situation of Ukraine\u2019s energy system<\/strong>, including infrastructure.<\/p>\n<p style=\"text-align: justify;\">The Commission informed ministers about the political declaration on energy efficiency financing and the European Energy Efficiency Financing Coalition.<\/p>\n<p style=\"text-align: justify;\">In addition, the Commission provided ministers with information about the\u00a0<strong>draft updated national energy and climate plans (NECPs)<\/strong>, with a focus on the\u00a0<strong>state of play of submissions<\/strong>\u00a0and\u00a0<strong>Commission assessments<\/strong>.<\/p>\n<p style=\"text-align: justify;\">The Commission also gave ministers an update on\u00a0<strong>preparedness for winter 2023\/2024<\/strong>.<\/p>\n<p style=\"text-align: justify;\">Estonia and Finland informed ministers about the\u00a0<strong>damaged gas pipeline between both countries<\/strong>.<\/p>\n<p style=\"text-align: justify;\">Poland provided ministers with information about the<strong>\u00a0impact of the greenhouse gas emission allowances market on energy\u00a0<\/strong>and\u00a0<strong>climate policy and the feasibility of achieving energy transition targets<\/strong>.<\/p>\n<p style=\"text-align: justify;\"><strong>More information:<\/strong> <a href=\"https:\/\/www.consilium.europa.eu\/en\/meetings\/tte\/2023\/10\/17\/\" target=\"_blank\" rel=\"noopener\">Council of the European Union<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Council agreed its position (general approach) on a proposal to amend the\u00a0EU\u2019s electricity market design (EMD). The aim of the reform is to make\u00a0electricity prices\u00a0less dependent on volatile fossil fuel prices and shield consumers from price spikes, notably by improving the way the\u00a0long-term electricity market\u00a0works. The proposal is part of a wider reform of [&hellip;]<\/p>\n","protected":false},"author":101011,"featured_media":142535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4086,4085,346],"tags":[10383,10382,10381,10384,10385,430],"class_list":{"0":"post-142537","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-energy","8":"category-environment","9":"category-eu-news","10":"tag-electricity-prices-l","11":"tag-emd","12":"tag-eus-electricity-market","13":"tag-long-term-electricity","14":"tag-telecommunications-and-energy-council","15":"tag-transport","16":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Council agrees on EU electricity market reform | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cde.ual.es\/el-consejo-acuerda-la-reforma-del-mercado-de-la-electricidad-de-la-union-europea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Council agrees on EU electricity market reform | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"og:description\" content=\"The Council agreed its position (general approach) on a proposal to amend the\u00a0EU\u2019s electricity market design (EMD). 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