15 February 2023
WindEurope’s response to the European Commission’s public consultation on the EU Electricity Market Design reform
In March 2023 the EU Commission will table its legislative proposal for a revision of the EU Electricity Market Design to enable electricity consumers to benefit from the low costs of renewable power.
The EU Electricity Market Design reform should:
- Prioritise building a future-proof energy market design fit for renewable energy by mid-century. The short-term challenges linked to high energy prices would be addressed more efficiently with better and faster implementation of the existing EU renewable energy acquis.
- Confirm investment certainty in renewables and cement Articles 4 and 6 of the 2018 Renewable Energy Directive which provide visibility on volumes and support schemes’ design.
- Respect investors’ decision-making on renewable investments by letting them make use of all available contractual forms for power supply procurement e.g. Contracts for Difference, Power Purchase Agreements, merchant investments.
- Do not perpetuate the emergency measures on power market interventions and revenue caps on inframarginal generation beyond their original end date of June 2023.
- Keep short-term wholesale markets based on marginal pricing and the merit order while designing climate-compatible long-term adequacy mechanisms.
- Clarify grid connection rules for renewables and prioritise electricity grid build-out.
