How do European regulators envisage the electricity market? They oppose support for PPAs and revenue caps after 30 June 2023

Two organisations representing energy regulators in the European Union have published their responses to a questionnaire in which the European Union sought feedback on the future design of the electricity market. In their responses, the organisations warn against the EU proactively supporting power purchase agreements (PPAs). They also recommend the use of smart contracts for difference (smart CfDs), which should improve the functioning of the electricity market.

At the beginning of last week, the European Union concluded a public consultation process in which stakeholders could express their views on the main elements of the planned electricity market reform. A total of 1,350 individuals and organisations took advantage of the opportunity.

We wrote about the EU's vision for the future electricity market here.

The public should learn whether the European Commission will take the comments into account in the reform during March. The first proposals for European rules, which will shape the electricity market in the Czech Republic for years to come, are due to be presented during that month.