European Commission public consultation on reform of electricity market to support a clean and affordable energy transition
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From: Department of the Environment, Climate and Communications
- Published on: 17 February 2023
- Last updated on: 17 February 2023
The European Commission launched a public consultation on the reform of the European Union's electricity market design to better protect consumers from excessive price volatility, support their access to secure energy from clean sources, and make the market more resilient.
The consultation will support the Commission's work on a legislative proposal aimed to be delivered in the first quarter of this year. The consultation closed on 13 February and focused on four main areas:
- Making electricity bills less dependent on short-term fossil fuel prices, and boosting the deployment of renewables
- Improving market functioning to ensure security of supply, and fully utilise alternatives to gas, such as storage and demand response
- Enhancing consumer protection and empowerment
- Improving market transparency, surveillance and integrity
The Department engaged with a number of stakeholders and hosted workshops with the Commission for Regulation of Utilities, EirGrid, the Economic and Social Research Institute along with a number of academics as well as with industry. All contributions were appreciated. The submission that was provided to the European Commission following this engagement is below.
