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Europe’s changing energy markets: Forging a new direction

The EU has set itself an ambitious goal: It wants an electricity market that allows power to flow across national borders to where it’s needed, better integrates growing renewable energy as the bloc works to cut carbon emissions to net zero by the end of the century and encourages consumers to manage their own energy needs at all times.

AUGSBURG, GERMANY - OCTOBER 27: Workers paint a hight-voltage pylon on October 27, 2009 in Augsburg, Germany. The new German government wants to reduce power costs by roll-back incentives for consumers to invest in solar equipment made by German companies. The new coalition also wants to reduce the sales tax on energy. (Photo by Alexandra Beier/Getty Images)

To that end, the European Commission came out with a jumbo policy package November 30 that included proposals on how to overhaul electricity markets, go about energy support schemes, empower consumers and increase the…

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