A new electricity market design is mandatory.
Today’s electricity market differs fundamentally from the market five years ago. Firstly, the share of electricity produced by renewables is expected to grow from 25% today to 50% in 2030. But when the sun is not shining and the wind is not blowing, electricity must still be produced in sufficient quantities to deliver energy to consumers.
Electricity prices have to send the right signals to investors in order to make sure that necessary long-term investments will take place and are done as cost-effectively as possible. Finally, the market has to provide the right framework and incentives for consumers to become more active and to reap the full benefits of market integration and to actively contribute to keep the electricity system stable. To achieve all this, the Commission is proposing to redesign of the electricity market. As a first step the Commission is launching a public consultation with legislative proposals expected in the second half of 2016.