Revealed: EU electricity market reform steps back from radical overhaul

The proposed ‘decoupling’ of the price of gas from the price of electricity will not be included in the proposals set to be published

The document proposes that all consumers should have access to fixed -price electricity contracts, which would protect them from sudden swings in the market. Picture:

The EU is to step back from major reforms of the electricity market which had been signalled over the last year, according to the draft of a plan to be launched by the European Commission this week.

The commission will instead propose a range of interventions this Thursday that amount to a tweaking of the bloc’s electricity market, rather than the major reform which had been expected, according to a draft document seen by the Business Post.