European member committees of the World Energy Council initiated a dedicated Task Force in the European Regional Meeting held in Addis Ababa after discussions about the shortcomings of the current market design in Europe. The Task Force is analysing the trends and processes that are likely to influence the market design in coming years and that should be addressed in the relevant regulations. The Task Force is led by Marco Margheri from the World Energy Council Italy.
Einari Kisel, European Regional Manager, said:
“The European Commission is planning to introduce some common rules for EU market design by autumn 2016 to fix the current deficiencies. The World Energy Council wants to make a contribution that goes beyond the short term and identify new challenges that will have an impact on market design in 5-10 years such as the influence of new technologies entering the market or resilience challenges. In order to avoid problems in the future, issues should be addressed now within upcoming regulations.
”Furthermore, a clear market design is needed in order to encourage investment in the energy sector.”