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Analysis of the electricity market reform in the European Union
The European Parliament has given the green light to open negotiations with the Council to reform the EU electricity market. Members of the European Parliament want to strengthen consumer protection against volatile electricity prices and ensure that consumers can access fixed-price or dynamic price contracts. The information on contracted options and a ban on suppliers being able to unilaterally change the terms of a contract should also be part of this reform.
The European Parliament also calls on EU countries to prohibit suppliers from cutting off the electricity supply of vulnerable customers, even in the event of disputes between the two, and to prevent suppliers from requiring such customers to prepay for the service.