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EU eyes grid reforms, long-term power contracts to shield industry from volatile prices

( March 16, 2026, 18:08 GMT | Official Statement) -- MLex Summary: Improving grid productivity through a legal proposal and expanding long-term power contracts could help shield EU industry from volatile electricity prices, the European Commission says in a letter. Brussels also plans to increase the "firepower" of the Market Stability Reserve to stabilize the EU emissions trading system. The commission says it will soon present a roadmap setting out key single market legislation with clear deadlines.Statement follows below. See attached file....

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