French Presidency hails 'victory' for France in EU electricity market reform deal
Reuters
Published Oct 17, 2023 19:07
PARIS (Reuters) - An agreement regarding electricity market reforms in the European Union (EU) represents a 'major victory for France', said the French presidency on Tuesday.
The French presidency added that this agreement would allow people in France to benefit from the competitive costs stemming from nuclear power, and this in turn would allow French people to avoid a sudden surge in their electricity bills.
Spain's energy minister said earlier on Tuesday that EU countries had agreed a position on the proposal on the power market reform, getting past a standoff between France and Germany.
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Written By: Reuters
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