Denmark, Germany, the Netherlands, Estonia, Finland, Luxembourg, and Latvia have warned Brussels not to make major changes to the European Union's power market in response to the energy crisis, calling instead for minor alterations.
The European Commission has held public consultations on its proposed energy market reform, which intends to reduce the EU's electricity pricing' reliance on the price of fossil fuels, particularly gas. It plans to present its proposal in March.
The reform was judged necessary following Russia-Ukraine war and Moscow's decision to halt nearly all gas exports to the EU in retaliation for sanctions, resulting in a price surge that put European consumers and businesses under great economic duress.