Power Price Subsidies Spark Tensions In EU Market Reform Talks

The European Union member states are weighing the possibility to scrap a part of the electricity market reform due to disagreements over proposed fixed-price subsidies for power contracts, Reuters reported on Monday, quoting a draft compromise on the issue.   The EU is seeking to reform the way its electricity market works to avoid a repeat of last year’s energy crisis which hit households and industries with soaring power prices.         But a part of the reform concerning state…