/ Publications / Reforming the EU internal electricity market in the middle of a huge energy crisis : an absolute short-term emergency or preparation for the future?
Working Paper
Reforming the EU internal electricity market in the middle of a huge energy crisis : an absolute short-term emergency or preparation for the future?
Having identified the basic characteristics of the current energy crisis and its particular shape in the European Union, three questions immediately arise. 1) If gas is at the ‘core’ of the EU mix of energy crises, why hastily reform the internal electricity market? Is the electricity market badly affecting the gas crisis, amplifying it or worsening its consequences? Are we short of sufficiently good emergency tools to immediately intervene against the detrimental effects of the EU gas crisis on the EU electricity market and vice versa? 2) If one assumes that most of the detrimental price effects of the gas crisis can be addressed with regular EU emergency tools, should we nevertheless revisit the EU electricity market to make it stronger vis-à-vis such a major energy shock? Would strengthening our internal EU electricity market against future energy shocks reinforce or weaken our well-established policy of securing an EU decarbonisation path to 2030 or 2050? 3) If strengthening and reforming our EU electricity market can help our EU electrification strategy and our general path to decarbonisation, can we already foresee other conditions and constraints which could slow down or block this securitisation of our energy future?
The European Union is strongly urbanised, with 432 urban nodes identified. This vast array of urban hubs has a significant economic and geographical value. Urban nodes are critical to the [...]
Reducing carbon emission in the wastewater treatment sector requires both lower energy consumption and a transition towards renewable energy sources. Utilizing the embedded energy in wastewater, which has been traditionally [...]
In this report, we focus on the fundamentals of energy and climate policy as reformulated in the EU Green Deal. The 2024 edition of this report includes updates following the [...]
The European Commission’s Communication directed to consumers regarding the Green Transition does not emphasise their shared responsibility. Instead, the Commission puts the emphasis on empowering consumers to make green choices. [...]
This article provides an overview of the most relevant cases decided by the Court of Justice of the European Union concerning contract law. The present issue covers the period between [...]
This article provides an overview of the most relevant cases decided by the Court of Justice of the European Union concerning contract law. The present issue covers the period between [...]
Join our community
To meet, discuss and learn in the channel that suits you best.