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EU electricity industry calls for improved energy market to boost renewable power

( October 9, 2014, 13:40 GMT | Official Statement) -- MLex Summary: Europe must work on gradually phasing out subsidies for renewable energy and an overhaul of Europe's carbon market to push investment into low-carbon technology, Eurelectric said. The industry group has called on the EU's energy market to be redesigned to encourage governments to reward utilities for guaranteeing electricity supplies through capacity markets. This would make Europe's energy market more secure and power sources more reliable, the industry group said.Full statement follows:...

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