On July 19, the European Parliament passed the EU electricity market design reform by 55 votes in favour and 15 against.
Through a vote by the European Parliament's Energy Committee, members of the European Parliament (MEP) welcomed the wider use of the Contract for Difference (CFD) mechanism to accelerate the development of renewable energy. The proposal advocates the modification of the relevant EU electricity regulations, while encouraging the signing of long-term contracts with non-fossil energy sources and the introduction of more flexible grid loads, in order to reduce the impact of fossil energy on consumer energy consumption and ensure that the cost advantages of cheap renewable energy can be reflected. The core of this reform also includes promoting investment in the renewable energy industry, which is the photovoltaic industry in Europe
Another proposal put forward by the European Commission earlier this year is for consumers who have installed rooftop solar equipment to be able to sell excess solar power to neighbors, not just suppliers, which would provide another potential source of revenue.