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Transcripts For BBCNEWS The Context with Christian Fraser 20240707

secretary and long term trump staffer and tom peck political sketch writer at the independent. hello welcome to the programme. the european commission will set out next week emergency measures to reform the structure of the european electricity market. the exact makeup of that intervention is still to be decided. but a growing number of eu member states are calling for electricity prices to be decoupled from the price of gas which has soared as a result of russia s war in ukraine. the commission president, ursula von der leyen, said prices which havejumped ten fold in the last year have exposed the limitations of how the market is currently managed. it is no more fit for purpose, and that is why we, the commission, are now working on an emergency intervention and a structural reform of the electricity market. it is the czech republic that has summoned eu s energy ministers to this meeting next week, they currently hold the rotating presidency of the eu council. and just befor

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