The seven EU countries said in a letter that any changes must ensure the market still functions and incentivizes massive investment in renewable energy
Denmark, Germany, the Netherlands, Estonia, Finland, Luxembourg and Latvia have warned Brussels not to rush into major changes to the European Union’s electricity market in response to the energy crisis, calling instead for limited tweaks to the system.
“We must resist the temptation to kill the golden goose, that our single market for electricity has been in the last decade,” said Lars Aagaard, Denmark’s energy minister. Other countries, including Spain and France, are seeking deeper reform. Spain has proposed a shift to more long-term, fixed-price contracts for power plants, to attempt to limit price spikes.
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