Electricity market design reform: retail markets
On 14 March 2023, the European Commission published its proposals for reform of the electricity market design. This followed a period of prolonged high electricity and gas prices, during which several stakeholders highlighted the challenges of the current market design, advocating for changes to the current arrangements. More recently, the Commission reviewed emergency measures adopted at the EU level, sharing some lessons from the recent energy crisis.
The Commission proposed revisions to various EU Regulations and Directives covering a wide range of issues relevant to wholesale and retail markets, as well as the renewable energy sector. In this note, we focus our attention on proposed reforms in the retail market.