On 14 March 2023 the European Commission proposed a revision of the EU electricity market design to boost the system integration of renewables, better protect consumers and enhance industrial competitiveness. This was deemed necessary as the result of price spikes occurring since the end of 2021 and throughout 2022 due to economic growth after the global pandemic and the war in Ukraine.
The EU legislative proposal to revise both the Electricity Directive and Regulation introduced in 2019 does not undermine the fundamentals of the EU electricity market design, but further complements them with a wide variety of measures to empower consumers and reward them for being flexible in their consumption.
This Position Paper is addressed to EU co-legislators (European Parliament and Council) to outline smartEn recommendations on how to improve the following key provisions included in the proposal by the European Commission.
