The uncontrolled increase in electricity prices in Europe has exposed the limitations of the current market operation, which depends on fossil fuels from Russia.

For this reason, the President of the European Commission, Ursula von der Leyen, has announced a new emergency reform that will help reduce the contagion effect that is occurring.

Details of the measures have not yet been released, but the Czech presidency of the European Union has called an extraordinary meeting of energy ministers on Friday, September 9, to discuss the situation and consider a possible political intervention in the markets.