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EU Commission advances emergency tools to address power prices, carbon market reform

By Louis de Briant and Jean Comte ( March 16, 2026, 18:07 GMT | Insight) -- A letter from European Commission President Ursula von der Leyen ahead of an Energy Council meeting outlines plans to assess gas price cap measures, promote long-term power contracts and support energy-intensive industries. A new proposal in the works would "increase the firepower" of the Market Stability Reserve, the mechanism designed to stabilize the EU emissions trading system. At the meeting, ministers also debated grid investment rules and the use of congestion revenues.The European Commission will assess national emergency measures designed to limit the impact of high gas prices on electricity markets, according to a letter sent to EU countries Monday and seen by MLex....

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