European Union ministers are on Friday gathering in Brussels for an extraordinary meeting to agree on measures to alleviate the impact of the energy crisis on households and businesses.
The electricity market and its design are set to be at the heart of discussions, not just on Friday but also in the coming months, Suzanna Carp, an independent EU climate policy researcher, explained to Euronews.
This is because the price of electricity is set in the 27-country bloc by the most expensive energy source, which is gas, the price of which has skyrocketed over the past year.
Another topic ministers will debate is whether to levy a temporary tax on non-gas energy producers — renewables, nuclear, coal — some of which have made remarkable profits as their cost of production has remained well below what they were paid, ie the price of gas.
For the researcher, there is cause for optimism.
“I do think that Europe will actually …
![Fossil fuel advocate speaks out after being labeled ‘White supremacist’ by House Democrat [Video]](https://energynewsvideo.com/wp-content/uploads/2023/03/mp_85210_0_7db855a9bf1a75e1c743e873a64792e5.jpg)
![Group marches against banks funding fossil fuels in Sacramento [Video]](https://energynewsvideo.com/wp-content/uploads/2023/03/mp_84850_0_600a4f49a84db1e5dce329f2fd88f821.jpg)
![World running out of time to reverse effects of climate change [Video]](https://energynewsvideo.com/wp-content/uploads/2023/03/mp_84259_0_efb0a9deba81a3dad8d3e996e08ac07a.jpg)
![Rally calls to end building structures that support fossil fuels [Video]](https://energynewsvideo.com/wp-content/uploads/2023/03/mp_82117_0_07a828dd29ed49ae048d7a7861b49a18.jpg)