Energy | Article
Reforming the EU internal electricity market will not suffice to deliver EU aims
26 July 2023
Oxford energy forum : a quarterly journal for debating energy issues and policies, 2023, No. 136, pp. 43-45
We need to wonder if a reform of the EU internal electricity market would suffice to deliver EU energy security, decarbonization, and electrification. Regrettably, this is not the case. Let us be frank: this market reform, this entry into an era of ‘hybrid electricity markets’, is a condition for success but only a necessary condition, not a sufficient one. Why? Let us consider four other conditions for success to make this point clearer. Decarbonization and electrification face (1) other direct constraints, such as adequacy of grids and infrastructure; (2) indirect constraints, such as the allocation of decision rights between the EU level and the member states; and other types of constraints, both external and internal to the energy field, such as (3) the EU Central Bank monetary policy and member states’ public budget financing and (4) existing international trading and manufacturing chains. It is therefore equally true to say that the existing EU market reform does not change all the fundamentals in the European energy policy, and that the EU energy landscape, post market reform, will require more effort, more attention, and more coordination from public and private energy decision-makers.
logo cadmus Read it on Cadmus Download in open access


Technical Report
As stated by the OECD, “water security in many regions will continue to deteriorate due to increasing water demand, water stress and water pollution.” Indeed water supply and sanitation (WSS) [...]
Multimodal digital mobility services (MDMS) are instrumental to fostering multimodality as they promote comparability, transparency, and the selling of products across operators and modes. MDMS stand to directly benefit passengers [...]
La crise énergétique a révélé l’incapacité de l’or- ganisation du marché européen de l’électricité à répondre aux trois défis de la décarbonation, de la sécurité d’approvisionnement et des prix abordables. [...]
Technical Report
Réussir l’électrification des usages pour mener la transition écologique et renforcer la souveraineté énergétique et industrielle de la France. Selon les principaux scénarios, la trajectoire de décarbonation entraînera une augmentation [...]
Technical Report
La notion de « réforme des marchés européens de l’électricité » est tout à fait d’actualité au moment où nous rédigeons ce document de travail, au début de l’année 2023. [...]
The support of decentralized energy resources under the Fit for 55 package and the REPowerEU plan places distribution grid users and distribution system operators (DSOs) at the center of the [...]

Join our community

To meet, discuss and learn in the channel that suits you best.