Commission proposes reform of the EU electricity market design to boost renewables, better protect consumers and enhance industrial competitiveness
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 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 offer energy consumers, both households and businesses, widespread access to affordable renewable and non-fossil electricity.
Building a renewables-based energy system will not only be crucial to lower consumer bills but also to ensure a sustainable and independent energy supply to the EU, in line with the European Green Deal and the REPowerEU Plan. This reform, which is part of the Green Deal Industrial Plan, will also allow the European industry to have access to a renewable, non-fossil, and affordable power supply that is a key enabler of decarbonization and the green transition.
