Tuesday, February 28, 2023

EU discusses shake-up of electricity market in wake of energy crisis

The EU is meeting to discuss a shake-up of its electricity market in the wake of the energy crisis, tied to the war in Ukraine.

The EU's two biggest economies have different ideas for how to reform the market, based on how much of their electricity needs are derived from low-emissions power.

Germany relies heavily on fossil fuel to produce electricity, but France uses nuclear power for 70% of its daily electricity needs.

Ross Cullen has more.