EU Commission proposes reform of EU electricity market design

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Today, the Commission has proposed to reform the EU's electricity market design to accelerate a surge in renewables and the phase-out of gas, make consumer bills less dependent on volatile fossil fuel prices, better protect consumers from future price spikes and potential market manipulation, and make the EU's industry clean and more competitive.

The EU has had an efficient, well-integrated electricity market for over twenty years, allowing consumers to reap the economic benefits of a single energy market, ensuring security of supply and stimulating the decarbonisation process. The energy crisis spurred by Russia's invasion of Ukraine has underlined the need to quickly adapt the electricity market to better support the green transition and... ... More: Official Press Release European Commission

Keywords:

EU Commission, Europe, electricity market, reform, design, boost, renewable energy, energy transition, decarbonisation, hydrogen, EU