Germany, Denmark and seven other EU countries have opposed overhauling the bloc’s electricity market in response to high energy prices, a move they said could increase the cost of adding renewable energy to the system in the long run, ahead of a meeting of EU ministers on Thursday. Energy ministers from the European Union’s 27 member countries will meet on Thursday to debate their response to energy prices that surged to record levels in autumn as tight gas supplies collided with soaring demand in economies recovering from the COVID-19 pandemic. In a joint statement, the nine countries urged the EU to stick with its current energy market design. Price caps or different systems of setting national power prices could discourage electricity trade between EU countries […]