Germany must act quickly to meet its renewable energy targets if it wants to keep the lights on amid rising energy demand, Economy Minister Robert Habeck said.
Habeck is looking to overhaul the 550 terawatt hours (TWh) per year market, as demand rises and power supply becomes more intermittent as Europe's largest economy moves away from fossil fuels in accordance with its climate commitments.
"We will do most of the necessary work in 2023," he said at a consultation meeting on power market reform.
