António Mexia, long-time chief executive of Portuguese utility EDP (the parent company of renewables giant EDP Renováveis) tells Recharge in an exclusive interview why he believes there is an urgent case for restructuring Europe’s energy system.
“It’s very clear that the old energy-market solutions of the EU, coupled to specific subsidies, don’t work effectively any longer,” says Mexia, who is also vice-president of Brussels-based utility industry body Eurelectric.
The
