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News 23 May 2023

EERA’s feedback to the proposal for the reform of the electricity market design

The European Energy Research Alliance, as an association of European public research centres and universities with the mission to catalyse European energy research for a climate-neutral society by 2050 and bringing together more than 250 organisations from 32 countries, has submitted its feedback to the proposal for a regulation on the reform of the EU’s electricity market design, building on its vast pool of expertise.

The proposal was presented by the European Commission on 14 March 2023, with the aim to make the electricity market more resilient and to reduce the impact of gas prices on electricity bills while supporting the energy transition. As the ongoing energy crisis has highlighted some deficiencies of the current energy system, the Commission answered by attempting to fill in the existent gaps providing for urgent adjustments ahead of the 2023/2024 heating season. The proposed reform involves making amendments to Electricity Regulation (EU) 2019/943, Electricity Directive (EU) 2019/944 and Regulation (EU) No 1227/2011 (REMIT).

While recognising the strategic importance of the Electricity Market Design (EMD) reform proposed by the European Commission to effectively carry out the clean energy transition by addressing existing distortions, protecting more consumers, and incentivising investments in renewables, EERA put forward some points for consideration in the evolution of the legislative process, that could integrate the vision and the needs of the European research community in the proposal.