Green Transition: Orgalim Position on revised Electricity Market Design
Published: 23 May 2023
Policies & Issues: Green Transition
Orgalim, Europe’s Technology Industries, welcomes the European Commission’s proposal for a revision of the internal electricity market rules which was adopted on 14 March 2023. The proposal maintains the market logic that has underpinned the successes of the common electricity market by retaining the marginal pricing model and thereby preserving incentives to pursue energy efficiency and renewable expansion goals.
At the same time, it introduces important adjustments that will be necessary to ensure that prices remain predictable and sustainable, thereby enabling the continued competitiveness of European industry and preserving social stability by reducing pressures on private consumers. It should be the ambition of the Commission, and the co-legislators in the European Parliament and the Council, to conclude this reform swiftly – ideally before the end of the legislative period in 2024.
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Junior Adviser - Internal Market, Energy and Environment