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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
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.
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