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Added on the 25/03/2022 20:57:26 - Copyright : Euronews EN
A proposal to establish a price cap on Russian gas has become divisive and is likely to be discarded.
The biggest cement plant in Spain could stop its activity due to the dramatic increase in electricity prices.
EU energy ministers reached a long-awaited agreement on Tuesday on the so-called electricity market reform, aimed at protecting consumers from volatile prices and speeding up the deployment of renewables.
The reform proposed by the European Commission has a strong focus on long-term electricity contracts.
The proposed reform is a direct response to the energy crisis, which last year pushed electricity bills to record highs.
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