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EU Agency for the Cooperation of Energy Regulators - ACER’s Preliminary Assessment of Europe's high energy prices and the current wholesale electricity market design

image credit: Credit: ACER
Laurent Segalen's picture
CEO, Megawatt-X

Laurent is a Franco-British financier, founder of Megawatt-X, the London-based global platform for Renewable Energy Assets. For the past twenty years, Laurent has been trading and managing...

  • Member since 2019
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  • Nov 17, 2021

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Europe’s energy prices have reached unprecedented heights, drawing significant political attention at both national and EU level. Citizens and businesses face the economic impacts and broader economic variables may also be affected, e.g. rates of inflation and economic recovery trajectories. The current situation has triggered calls for assessing the main drivers, dynamics and likely forward outlook for energy prices in Europe as well as the possible implications for the EU wholesale electricity market design. The European Commission, in its 'toolbox' Communication of 13 October 20211 , tasked the EU Agency for the Cooperation of Energy Regulators (ACER) with conducting an assessment of the benefits and drawbacks of the current wholesale electricity market design by April 2022 and a preliminary assessment by mid November 2021.

Matt Chester's picture
Matt Chester on Nov 17, 2021

This situation is also a key reminder about how interconnected these global energy markets are. In the U.S., Biden is facing pressure to fix the problem (or blame for causing the problem), but clearly this goes deeper than any singular policy or potential action

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Thank Laurent for the Post!
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