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Electricity Market Design – how can reforms accelerate the Transition and help cut energy prices?

Online Panel Discussion – March 24, 75 minutes between 09:30 and 10:45
Organised by Energy Post on behalf of PGE Polska Grupa Energetyczna S.A.

As the Commission is working on the final proposal for the Electricity Market reform, we will discuss the lessons learnt from the recent anti-crisis measures, including the newly implemented emergency regulations adopted by the Council in December 2022.

The Council’s Regulation on an emergency intervention to address high energy prices, and especially its implementation in some member states, is perceived by some companies as an obstacle for much needed long-term investments in a green transition. In this context some EU politicians argue that short-term interventions should be followed by serious structural changes on the electricity market. And others claim that such reform needs to be shelved, and that only a carefully considered, targeted correction of the market rules should be made.

The panel will discuss the following urgent questions:
• The real cost of intervention measures – how can we guarantee that the new taxes on the energy sector (revenue cap, solidarity contribution) do not deprive energy companies of the financial capital necessary for green investments and even basic operational expenses? What are the implications if investments in new zero emission capacities are postponed?
• The duration of the extraordinary measures on the electricity market – the Council’s Regulations have been approved as temporary tools. Formally, the revenue cap is understood to only cover a few months until June 2023. However, it appears that the extraordinary measures could run for much longer. Should these measures become a permanent element of the new electricity market design? What are the pros and cons?
• Alternative proposals – How can we ensure greater price signal predictability (both for consumers and companies)? To what extent can contracts for difference, PPAs and long-term contracts cushion price spikes

Mar 24, 2023 09:30 AM in Amsterdam