The energy price crisis the sector is currently facing is unprecedented. Experts and policy makers largely agree that only our move away from fossil fuels can solve this crisis in a sustainable manner. Decarbonisation is a key challenge of the industry. A reliable regulatory framework allows the market to do what it does best: allocate the scarce resource electricity most efficiently, while setting incentives for generation investments. The power market is key to bring Europe to a decarbonised future at optimal cost.
The European Power Exchange EPEX SPOT published recommendations to contribute to the ongoing REPower EU political debate. With targeted measures, policy-makers can foster a political and regulatory framework that will reveal the full potential of the market in driving forward the decarbonisation of the energy sector.