28 February 2023
Joint Industry Statement: An Electricity Market Design Fit For Net Zero
With the European Commission’s proposals for a reform of the EU Electricity Market Design expected on 16 March, leading EU Energy Association call for a reform that:
- Preserves the benefits created by the present internal energy market, including wholesale prices which reflect the best use of all available capacities in Europe, greater security of supply and large-scale integration of renewable energy;
- Strengthens investors’ confidence to ensure the necessary investments in renewable, while also keeping the system in balance, fostering sector integration, and contributing to security of supply.
- Enhances the customer contracting and engagement framework by enabling sufficient possibilities for short and long-term hedging as well as enabling and rewarding their flexibility;
