The EU is putting an end to the extraordinary measures imposed on the electricity market to deal with high energy prices.

Specifically, it is about:

–the measure of imposing a maximum price (ceiling) on ​​the revenues of power plants (technologies that generated excess revenues due to the high price of natural gas),
–the relief measures for households and businesses from high energy costs (subsidies, tax breaks, ceilings, etc.)
-and energy saving measures peak hours by 5% which were included in Regulation 2022/1854.

The Commission proceeded to review the measures based on data provided by 25 Member States and current market conditions and concluded that these emergency interventions should not be extended beyond June. The Report’s Findings will be submitted in the form of proposals to the Council in order to become mandatory for the member states.

In the case of Greece, this means that the extension of the mechanism of wholesale market caps and subsidies until September is up in the air, which the country proceeded with unilaterally with a decision signed shortly before the end of his term, by the Minister of Environment and Energy Mr. Kostas Skrekas.

Read more at kathimerini.gr