On Tuesday 21 May, the Council of the European Union validated the Interinstitutional Agreement on the reform of the European electricity market, split into a directive and a regulation.
All Member States voted in favour of the two texts, with the exception of Hungary, which rejected the directive, regretting in particular the lack of flexibility given to Member States to apply below-cost price regulation when an electricity price crisis is declared.
On 14 December 2023(see EUROPE...