EU and German leaders commit to reform to reduce electricity prices | app

BERLIN (AP) — The European Union’s chief executive and German chancellor pledged on Monday to reform the continent’s electricity market to help bring down electricity prices that have been driven to the rise by soaring gas prices.

European Commission President Ursula von der Leyen said in a speech in Bled, Slovenia that soaring electricity prices “now reveal the limits of the current design of our electricity market”.

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James R. Rhodes