Energy industry with open letter on upcoming reform of EU Electricity Market Design

Image: VattenfallImage: Vattenfall
As the European energy crisis is primarily a supply crisis and not a demand crisis, this reform of the electricity market needs to be handled with caution, several major energy companies warn.

Official Press Release Vattenfall:

Open letter on upcoming reform of the EU Electricity Market Design

Wind Industry Profile of
Open letter on upcoming reform of the EU Electricity Market Design

On behalf of some of the major European energy companies we would like to contribute to the debate on the upcoming reform of the EU Electricity Market Design by making proposals and raising awareness on this very complex dossier.

Europe currently faces multiple challenges. The Russian aggression against Ukraine has put our economy and our energy system under unprecedented pressure. European citizens and companies are facing high prices and high inflation. At the same time, the climate crisis requires that the transition to climate neutrality happens as fast as possible. Massive investments in renewable and low-carbon electricity and technology are therefore needed more than ever. The U.S. Inflation Reduction Act with its very favorable conditions for green investments... ... More: Official Press Release Vattenfall

Vattenfall, open letter, energy industry, electricity market design, EU, proposals, industry, awareness, dossier, Ukraine, energy crisis, Inflation Reduction Act

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