The future of the supply and pricing of electricity in the EU

Keypoints: 

The EESC:

• is convinced that the electricity market should be reformed in such a way that it meets the objective of climate neutrality by 2050, combined with the objectives of security of supply and stable and affordable prices, as well as ensuring the right to energy for the protection of vulnerable groups;
• advocates a model of government regulation where necessary and private entrepreneurship where possible, as an E-facility that could take the form of a company set up by the government that will play the role of market maker;
• believes that small-scale electricity generation must be encouraged to keep the price of electricity affordable for consumers and to increase the flexibility options of the grids;
• thinks that with the expected increase of prices, the cost of electricity in the run-up to 2030 and beyond will require governments to revisit their policy for the taxation added onto the supply of electricity to consumers.