The government is putting a stop to manipulations within the wholesale power market. New energy reforms will nix artificial and monopolistic price increases created by main power plants.
This lack of transparency, which the Comissioner of Energy has decried, is costing the power sector an extra 500 million euros per year as companies and consumers are having to make big sacrifices.
Price bending creates excess costs and increases the tariff deficit. The Ministry of Industry should change power regulations quickly and let the market operate freely.
