Germany, Denmark, Ireland and six other European countries said on Monday they would not support a reform of the EU electricity market, ahead of an emergency meeting of energy ministers to discuss the recent price spike. European gas and power prices soared to record high levels in autumn and have remained high, prompting countries including Spain and France to urge Brussels to redesign its electricity market rules. Nine countries on Monday poured cold water on those proposals, in a joint statement that said they “cannot support any measure that conflicts with the internal gas and electricity market” such as an overhaul of the wholesale power market. “As the price spikes have global drivers, we should be very careful before interfering in the design of internal energy markets,” the statement […]