European reforms approved by parliament / Rules aim to improve price stability, enable transition to sustainable powersources

vom 2. May 2024

Comment from Dimtrios Koranis

Dimitrios Koranis who has previously written about the European energy market for PIE, called the reforms “a long overdue action and contribution on the part of politicians, who also played a major role in the turbulence of 2022.”

He added that both end consumers and the European industry require price stability. “The ban on
unilateral changes by energy producers or suppliers, as occurred in Q4 2021, for example, is a very
useful component of the package.”

Koranis said he doubts whether energy from renewables will triple by 2030. “A breakthrough in the energy storage sector would be much more important.”

You find the full article at PIE.