As the EU executive convenes on Friday to assess how to tackle the spike in energy prices due to the ongoing conflict in the Middle East, several European Union energy ministers have asked the European Commission not to change the current design of the bloc's electricity market.
With the EU's leaders teeing up for a revision of the current system, ministers from Denmark, Finland, Latvia, Luxembourg, the Netherlands, Portugal and Sweden sent a letter to Energy Commissioner Dan Jørgensen saying the system as it stands works well, supports cross-border electricity trade and has saved Europe about €34 billion per year, according to a letter seen by Euronews.
