Energy Ministers met to discuss the status of the market following recent volatility, progress on actions ministers agreed at their last meeting, and agreed new reforms as the economy moves to net zero emissions.
All Ministers agreed that deeper action is needed to drive further stability and address price pressures. Ministers also recognised the need to reduce emissions from the energy sector as a high priority.
To this end, Ministers agreed a set of new actions to address current issues and support the stable transformation of the sector over the longer term. The most major of these being:
To read the meeting communique in full click below: