The EU reviews its Electricity Market Design: What changes for what purposes?

The Florence School of Regulation (FSR) will organise a high-level, closed-door discussion in Brussels, Belgium, about the upcoming European electricity market design review.

The European Union (EU) is facing an unprecedented and multifaceted energy crisis. While some features of this crisis are common to the ones faced by the rest of the world, there are also very distinctive European features.

Following the mandate from the European Council, the European Commission will present proposals to reform the electricity market design in 2023. The EU electricity market has been built over several decades. It is now at the heart of the EU’s internal energy market, and a crucial tool for the energy transition: the planned review of the electricity market design should be carefully crafted to help the EU navigate the energy turmoil and reach its 2030 climate targets.

Reviewing the EU electricity market design is a complex exercise. This is why a debate is needed to understand what should change and for what purposes.

The discussion will explore the short and long-term objectives for the electricity market design reform, identify the options currently on the table, areas of convergence and divergence among European stakeholders and the open issues.

The event is by invitation only and is organised around three sessions gathering high-level panellists with active participation from a select audience of around 40 experts from academia, civil society and industry.