We are now living through crucial times that will define the future of Europe’s energy market. The ongoing, gas-driven, energy crisis highlights the need to perfect the current electricity market design.  

In particular, the ongoing crisis has revealed the need to consistently pass on the benefits of renewables’ – and other low-carbon technologies’ – lower generation costs
to consumers and urgently reduce Europe’s fossil fuel dependence.  

To do that, what we need is an evolution, not a revolution of the system. A market-design fit for a net-zero power system shall build on the current internal EU energy market and its key features (cost-efficiency, cross-border exchanges, and competition between market players) while complementing it to: 

• Enable consumers to benefit from cheaper clean and renewable energy 
• Strengthen investment signals to power the necessary electrification rates 
• Meet the evolving requirements of Europe’s power system for flexibility and decentralisation 

How to achieve it? 

Eurelectric and its Knowledge Partner Compass Lexecon are currently working on a key study on how to future-proof Europe’s current electricity market design to reach net zero. We will unveil our key findings on 29 March at our in-person Market Design event in Brussels.  

Don’t miss the chance to take part in one of the most topical debates of the year. Mark your calendar and be sure to check our introductory position paper on the topic!