EnergyWatch

EU Commission escalates feud on state-regulated power prices

Regulated electricity prices in EU member states distort competition and keep investors at bay, shows a new proposal from the EU Commission.

The EU Commission is increasing pressure on the union's member states to phase out regulated electricity prices, which the commission says distort the market and lower the pace of climate change mitigation efforts.

Several EU countries were skeptical when the Commission back in Nov. 2016 presented its suggestions for a five-year phasing out of regulated power prices set below production costs. Member states were invited to present suggestions for how they could each phase out all forms of regulated power prices.

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