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+====== Markets ======
+===== Defining Markets’ roles and functions <A,I>[Cerqueira, Belhomme et al. 2016] =====
+{{ :picture8.png?600 |}}
+[Source: Cerqueira, Belhomme et al. 2016: A methodology for the analysis of market designs at the horizon 2030. CIGRE 2016]
+===== Main Issues of Market Design [Cerqueira, Belhomme et al. 2016] =====
+{{ :picture9.png?600 |}}
+[Source: Cerqueira, Belhomme et al. 2016: A methodology for the analysis of market designs at the horizon 2030. CIGRE 2016]
+===== Revision of the EU's internal electricity market design =====
+**What are the components and the objectives of the proposed revision?**
+"The proposal foresees significant revisions to several pieces of EU legislation, notably the Electricity Regulation, the Electricity Directive and the REMIT Regulation. It includes a set of measures aimed to make electricity bills less dependent on fossil fuel prices by creating a buffer between short-term markets and the electricity bills paid by consumers. This will be done by way of incentivising longer term contracts, in particular boosting the market of power purchase agreements (PPAs), stabilizing the prices of electricity and curbing excessive revenues of energy producers by requiring the use of two-way contracts for difference (CfDs) for new investments in low carbon generation where public funding is needed, and improving the forward electricity markets."
+"The proposal further aims to **protect consumers from the price volatility of fossil fuels**, empower them with greater contract choice and more direct access to renewable energy. It also seeks to **incentivise investments in renewables** by facilitating access to longer-term contracts for developers (both State-supported Contracts for Difference, and private Power Purchase Agreements). This will be achieved by requiring Member States to ensure that instruments to reduce the financial risks associated to the buyer defaulting on its long-term payment obligations in the framework of PPAs are accessible to companies that face entry barriers to the PPA market and are not in financial difficulty. These can be guarantee schemes at market prices, as well as public support for non-fossil fuels PPAs."
+Source: Questions and answers. 14 March 2023 Strasbourg
+[[https://ec.europa.eu/commission/presscorner/detail/en/qanda_23_1593|https://ec.europa.eu/commission/presscorner/detail/en/qanda_23_1593]]
+~~DISCUSSION|Discussion Section - PAGE OWNER: Klaus Kubeczko~~