European Parliament approves energy market overhaul
MEPs have adopted a package of gas and electricity market reforms intended to bolster energy security, protect vulnerable consumers from wild price fluctuations as seen during the 2022 energy crisis, and create a new market for hydrogen, as well as allowing individual countries to restrict imports of Russian gas – with a more complete ban on the cards due to incoming restrictions imports with excessive upstream methane leakage. With broad cross-party support for a political deal struck with EU governments in December, the European Parliament has approved measures such as promoting the producti...