New Electricity Market Design: Framework for Achieving the Energy Union

On Tuesday, 31st January, 2017, the Permanent Representation of the Czech Republic to the European Union hosted a high-level conference “New Electricity Market Design: Framework for Achieving the Energy Union”. Key note speeches were delivered by Maroš Šefčovič, Vice President of the European Commission, Chair of the European Parliament’s Committee on Industry, Research and Energy (ITRE) while Jan Mládek, former Minister of Industry and Trade of the Czech Republic and Jerzy Buzek, belonged to the key speakers. The new electricity market design is part of the winter package “Clean Energy for all Europeans”, published by the European Commission in November 2016. The package aims to reflect on the need to deliver a stable and reliable framework for the electricity market, which will be able to fully integrate renewables, strengthen the proper functioning of the market and motivate investors to long-term investment decisions. The goal of the conference “New Electricity Market Design: Framework for Achieving the Energy Union” was to start a discussion among the representatives of Member States, European institutions, business entities in the energy sector and other stakeholders who will be involved in shaping the regulatory framework for the functioning of the Energy Union.

Advertisement