The European electricity market: fit for purpose?

The climate crisis and Russia’s war in Ukraine together act like a perfect storm for Europe’s turbulent energy market. In quick response to last year’s dramatic rises in prices, the European Commission earlier this month unveiled a set of proposed reforms to the EU’s electricity market that it hopes will be a robust response to both challenges.

The main aims of the proposed reforms are to protect private and corporate consumers from volatile fossil fuel prices, to accelerate the transition to renewable energy, and ultimately, to phase out natural gas, which is a major factor that determines electricity prices.

This policy insight debate brought respected voices from academia, the energy industry and the European Commission together to discuss the proposal. Speakers included Professor Leonardo Meeus, Director of the Florence School of Regulation at the European University Institute (EUI); Marion Labatut, Deputy Director of European Affairs at Électricité de France (EdF); and Annamaria Marchi, Deputy Head of Unit for the Internal Energy Market at the European Commission Directorate-General for Energy (DG ENER).

A common response to the Commission’s electricity market reform plans was a sense of relief that the proposals do not amount to widescale overhaul, which many had expected.

This event took place in Brussels. Follow us on Twitter, LinkedIn, Instagram or Facebook, and join the #FoEDebate!

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