Spain's acting Energy Minister, Teresa Ribera, acknowledged the complexities ahead in discussions among European countries aimed at reforming the EU's electricity market. However, she expressed optimism about reaching an agreement during the upcoming meeting on October 17th.
During a meeting with the European Union's new climate chief, Wopke Hoekstra, Ribera highlighted the diverse energy mixes in Germany and France as contributing factors to the challenges faced in the negotiations. She emphasized the importance of striving for a consensus-based approach where no participants emerge as winners or losers.
Ribera anticipates a robust and intricate debate leading up to the October 17th meeting of EU energy ministers, where crucial decisions on the future of the EU's electricity market are expected to be made.
The reform of the electricity market within the European Union has encountered hurdles, with countries like France and Germany struggling to agree on strategies to promote renewable energy and protect consumers from price fluctuations. Issues related to state aid for power plants have been a significant point of contention.
Spain, currently holding the rotating presidency of the European Union, has taken the lead in spearheading negotiations for the market's reform.
