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WISEEUROPA - FUNDACJA WARSZAWSKI INSTYTUT STUDIOW EKONOMICZNYCH I EUROPEJSKICH

WiseEuropa

Instytut WiseEuropa to niezależny think-tank, który specjalizuje się w polityce europejskiej i zagranicznej oraz w ekonomii.

Lobbying Activity

Meeting with Ditte Juul-Joergensen (Director-General Energy) and The Polish Institute of International Affairs and

3 Dec 2024 · Competitiveness and energy transition

Response to Revision of the EU’s electricity market design

23 May 2023

We support the postulates of the Electricity Market Design (EMD) reform and the direction this reform indicates. In our opinion, building an electricity system based on renewable energy sources and, at the same time, one that is stable, predictable in terms of price, transparent, and in which the consumer has adequate protection and a wide range of op-tions is a necessity. This will ensure that, in the long term, climate goals are met and, at the same time, the competitiveness of European businesses and the standard and lifestyle of Europeans are maintained. EMD in our opinion is the right direction, however, we acknowledge the risks involved. We would like to share our observations, in particularly regarding the provisions concerning: 1) Power Purchase Agreements 2) Contract for difference 3) Single legal entity for market coupling 4) Regional virtual trading hubs 5) Long-term hedging 6) Flexibility and the capacity market 7) Access to affordable energy during an electricity price crisis. We would also like to raise an open question about market sharing (creating separate market for RES energy). In our view, this aspect requires a more comprehensive debate.
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