The Committee supports the creation of a future electricity market based on a public-private partnership and a mix of regulation and liberalisation.

At the heart of this model is a government-established "E-facility", which buys electricity from producers and sells it to suppliers of household customers, SMEs, Citizen Energy Communities and large-scale consumers and, where appropriate and possible, to other countries.

The "E-facility" would run tenders and sign long-term contracts of various types with electricity producers, such as power purchase agreements (PPA), contracts for difference (CfD) and cost+ contracts.

This is the key reform that should be carried out in the EU's current electricity market, according to the EESC opinion drafted by Jan Dirx and Christophe Quarez, adopted at the plenary session on 14 June 2023.

"The Committee has long advocated for a reform of the EU's electricity market," said Mr Dirx. "We think the way forward is a hybrid model based on the principle of 'liberalise where possible and regulate where necessary'".

"Energy is a key building block of our economic and social system and should not be treated like any other commodity. Energy is a central part of public services," stressed Mr Quarez. "With our proposal, the government is responsible for delivering the objectives of sustainability, affordability and security of supply." (mp)