The European Commission proposed reforms to the EU’s electricity market design this week to accelerate renewables and the phase-out of gas, protect consumers, as well as make the EU’s industry more competitive. It actively supports the growth of power purchase agreements and allows investors to sell their electricity via PPAs or directly on the electricity market. https://t.co/zEkc66VfH1 — Fortum Global (@Fortum) March 14, 2023WindEurope chief executive Giles Dickson suggests that the problem of Europe’s electricity market these last two years has not been the market design. The market design has been extremely efficient in matching supply and demand – and has given consumers years of affordable electricity prices. It’s good the Commission proposal builds on the strengths of the existing market design.

Source: Economic Times March 16, 2023 16:09 UTC