European markets for electricity and a better deal for customers: This was the promise of three liberalisation packages. The 20/20/20 targets added the green and climate agenda to market. While the 2020 objectives are starting to deliver, distortions due to subsidies have been upsetting the market agenda. The current imperative is to reconcile markets with the 2020 and 2030 sustainability agendas and to make the best use of innovation.
ENTSO-E outlines in this policy paper which changes are needed1: prices reflecting scarcity, linking retail and wholesale markets, a coordinated regional and European approach for renewable energy sources (RES), an overall change in the offers to and interaction with the active customer, and better research and development (R&D) management. These elements should form part of the forthcoming review of electricity legislation.
See also ENTSO-E: Market Design Policy Paper, 15/09/2014; ENTSO-E: Demand Side Response Paper, 15/09/2014. ↩