EU Wholesale Energy Market - Related Opinions

The EESC welcomes the Commission's proposal for a new market design, a risk preparedness regulation and the new organisation of the energy regulators' cooperation. The Committee highlights that well-functioning electricity markets are a precondition for fulfilling the goals of the Energy Union. For the markets to function well, significant changes in the market design are necessary, particularly due to the increasing use of variable renewable electricity. The EESC appreciates the general approach of the market design package, especially the goals of putting consumers at the heart of the energy market, increasing electricity supply and strengthening regional cooperation.