Towards a new energy market design

When establishing a Europe-wide electricity market – a goal supported by European business – the top priority must be security of supply and affordable prices for consumers, both industry and households. A market-based approach should be at the core of a new power market design in order to strengthen European competitiveness whilst aligning with a coherent and consistent climate and energy policy. Absolutely essential are policy framework conditions which facilitate unhindered flows of electricity across borders as well as remain predictable and stable over the longer term. BusinessEurope submitted a response to the public consultation by the European Commission, the objective of which was to seek stakeholder’s views on redesigning the European electricity market.