European Commission’s Market Design Proposal
The European Commission’s electricity market design review has been criticized for not sufficiently addressing capacity mechanisms. The transmission system operator group, Entso-e, emphasized the need for capacity mechanisms to be recognized as essential tools for ensuring energy security in a decarbonized power system. Current EU regulations allow member states to implement these mechanisms only as a last resort, which has led to calls for a simplified framework that would enable quicker adoption and support investments in new flexibility assets
Link to an article:https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/070323-eus-electricity-market-review-lacks-capacity-mechanism-reform-entso-e