Today, I am reading: One meter for your home, another for your EV: How the EU's new energy system could save you money
After almost two years of big energy bills dropping onto European doorsteps, the EU has proposed changes to its electricity market to ease pressure on consumers and boost renewable power production. The proposed reform - unveiled on 14 March - introduces new protections for households and small businesses as well as giving them more choices around their electricity contracts. It also supports more stable, long-term contracts between EU industries or EU governments and renewable power producers to boost cheap, green power production and limit volatile prices caused by fossil fuels. "The current electricity market design has delivered an efficient, well integrated market over many decades, but tight global supply and Russia ’s manipulation of our energy markets has left many consumers facing massive increases in their energy bills ,” EU energy commissioner Kadri Simson explained last week. “We are today proposing measures that will enhance the stability and...