Electricity market reform, beyond the gas crisis - root causes consumer needsaway

In light of the series of emergency measures that European regulators have put in place to (more or less successfully) mitigate the crisis, there is merit in analysing whether more fundamental market reforms are warranted.1 Any reform in response to the crisis should be based on a common understanding of what caused the current crisis in the first place: It’s a gas crisis, following the Russian in. [...] with renewables, Therefore, it is logical to focus any reform efficiency, induced by this crisis on improving demand-side hedging in the market to alleviate the System flexibility Lower bills remainder of the ongoing crisis and balance prepare for the next. [...] But it is paramount, first of all, to require Member States to prioritise the full implementation of the Clean Energy for All Europeans and REPowerEU packages before resorting to new market interventions. [...] 1 This was a task for the Agency for the Cooperation of Energy Regulators (ACER) in the Spring of 2022. [...] Demand-side flexibility and energy efficiency need to be able to participate in all markets designed to be technology-inclusive, for example, by reducing the minimum bid size to 100kW or under for all markets.