Soaring Energy Prices Climb Up EU’s Political Agenda

Soaring Energy Prices Climb Up EU’s Political Agenda
European Commissioner for Energy Kadri Simson speaks during an online news conference on renewable energy at the EU headquarters in Brussels, Belgium on Nov. 19, 2020. Francisco Seco/Pool via Reuters
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BRUSSELS—The European Union said on Wednesday it would examine the way its power market is run and consider proposals to revamp regulations within the bloc.

European electricity and gas prices have rocketed this year as tight gas supplies have collided with strong demand in economies recovering from the COVID-19 pandemic.