1、Electricity market designFIT FOR NET ZEROEurelectric policy recommendationsKnowledge Partner 1 Subtitle Authors Executive Summary The transition towards a net-zero economy by 2050 requires stepping up the volume of investment across the energy sector and end use sectors,while ensuring better engagem
2、ent and protection opportunities for consumers.This study aims to address these challenges and contribute to the ongoing debate about electricity market design to make it fit for the energy transition.The energy crisis triggered by the conflict in Ukraine has demonstrated the resilience and benefits
3、 of an integrated European market.Yet,the crisis has also highlighted some of the gaps in the current market design and the need to pass on the benefits of renewables and other low-carbon technologies stable generation costs more directly to consumers.In this report,we present an analysis of the key
4、 gaps in the current market design with recommendations to complete the set of existing markets to support an efficient transition toward net zero over the next decades.The market design reform will need to preserve the cost-efficiency and national and cross-border competition delivered by the inter
5、nal EU energy market by building on the current market framework.Policy recommendations put forward in this report focus(i)on the proper implementation of existing EU legislations and regulations,(ii)on the removal of barriers and obstacles and(iii)on market-based solutions to reinforce incentives f
6、or stakeholders to contribute to the challenges faced by the power system and to achieve the transition towards a net-zero economy.These recommendations were carefully defined to foster consumer engagement,maintain the efficiency of price signals,and improve transparency,liquidity and competition fo