This debates aims at discussing the extent to which the latest reform of the electricity market design, introduced by legislation in 2024 and currently being implemented, with a greater role foreseen for long-term contracts (PPAs and CfDs) and for procurement mechanisms, impacts on the efficiency of such a market and what roles spot market will continue to perform.
The design of the European electricity market is undergoing a reform process aimed at supporting the clean energy transition and delivering energy security, ensuring competitiveness and affordable energy for EU citizens and industries. As a greater role is foreseen, under the new legislation, for long-term contracting and procurement mechanisms, particularly for renewable generation capacity and flexibility sources, the Debate will revolve around the implications of such changes on the shaping of the future electricity sector towards net-zero in 2050.
The event is organised on the occasion of the publication of ‘A companion to the European Electricity Market: Market Design and Public Policies for Decarbonisation’, of the Loyola de Palacio Series of European Energy Policy, and aims to bring together the main players and institutions involved in EU electricity markets including policymakers, regulators, electricity system operators, market participants and representatives from consumers, as well as independent experts.