Berlin strikes back to cut Spain’s ambition in the reform of the European electricity market

Germany and six other EU countries defend the current system despite the large price increase caused by the invasion of Ukraine

The European Commission is preparing a reform of the electricity market and Member States are already taking positions. Spain was the first to open fire with its proposal for comprehensive change. And this Monday he has found the response of seven countries, led by Germany, who prefer not to touch too much the marginal system that links electricity prices to the most expensive source of production at any given time. “The integration of the electricity market has brought enormous benefits to the European Union in the last decade, including low prices, great security of supply and strengthening the large-scale integration of renewable energies,” reads the first sentence of the letter sent.

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