Diplomatic sources indicated today, Friday, that EU member states have once again failed to reach an agreement on reforms to the electricity market, as disagreements persist regarding potential new government aid for power plants. EU diplomats stated that "the ambassadors of member states did not agree on a compromise proposal." Some expressed concerns about the insufficient time to review and analyze the proposed text, which was sent by Sweden, currently holding the rotating presidency of the bloc, last Thursday evening.
The European Union, comprising 27 member states, is striving to achieve a consolidated stance on the planned reforms for the electricity market. Some countries, including Germany and France, are encountering difficulties in agreeing on aspects such as the regulation of state aid to power plants. Spain will take over the responsibility of reaching an agreement as it assumes the rotating presidency of the EU from July until the end of the year.
The proposed reforms aim to stabilize electricity prices in Europe and prevent a recurrence of the energy crisis that occurred last year, when record gas prices led to a sharp increase in consumer service costs.
