Government proposes regulation of retail electricity prices during price crises

The legislative proposal relates to a package of regulatory measures concerning the European Union’s electricity market model. If the Council of the European Union declares an electricity price crisis in a Member State by means of an implementing decision, that Member State may, at its discretion, introduce measures to regulate electricity prices for households, for example. The Council, acting on a proposal from the Commission, may declare an electricity price crisis if prices in the wholesale and retail electricity markets rise substantially and are expected to remain high for an extended period. The purpose of the government proposal is to establish a legal and technical framework in advance so that price regulation can be applied in the event of an electricity price crisis declared by the Council. Under the proposal, the Government would decide on the introduction and duration of price regulation during an electricity price crisis, within the limits of the appropriation allocated by Parliament. The legislative proposal would enable rapid decision-making if necessary. “In recent years, we have seen how global events have shaken Europe and driven up energy prices. The electricity

Free plan · Plus CA$29 or Pro CA$99/month