Czech presidency: compromise draft on electricity market reform

After the Commission presented a proposal to reform the electricity market to reduce electricity and gas prices last week, the Czech Council Presidency handed in the first compromise proposals. Although the draft states that the electricity price cap should be €180 per MWh, member states have the option to introduce a higher cap if generation costs exceed €180. But in this case, countries should still set their own cap. However, this should not cause more carbon emissions.