Electricity Market Design: Commission launches consultation on reform to support a clean and affordable energy transition

Daily News 23 / 01 / 2023

Economia - pubblicata il 24 Gennaio 2023

Source: European Commission Spokesperson’s Service

Today, the European Commission is launching a
public consultation
on the reform of the European Union’s electricity market design to better protect consumers from excessive price volatility, support their access to secure energy from clean
sources, and make the market more resilient. The reform of the electricity market design was announced by President von der Leyen in her annual State of the Union
last year and has been called for by the European Council. The consultation launched today will support the Commission’s work on a legislative proposal which we aim to deliver in the
first quarter of this year.

Commissioner for Energy, Kadri Simson, said: “The EU’s electricity market has served us well for over 20 years. But the unprecedented energy crisis we are facing shows that we
need to make the electricity market design fit for the future, allowing it to deliver the benefits of affordable clean energy to everyone. I look forward to the contributions from a wide variety of
stakeholders, which will help guide our legislative proposal this year.”

The current system has delivered an efficient, well-integrated market for many years, allowing the EU to reap the economic benefits of a single energy market, ensuring security of supply and
spurring the decarbonisation process. However, the system has also demonstrated some shortcomings. In the current crisis of high and volatile electricity prices, the economic burden has been pushed
on to final consumers. A reform is therefore needed to better shield households and businesses from high energy prices, to increase resilience, and to accelerate the transition set out in the

European Green Deal
REPowerEU Plan

The consultation will run until 13 February. A press release is available here.

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