POLICY PAPER | Soaring electricity prices and development in the EU; the electricity market design under scrutiny?

As part of the internships provided by our Brussels office to Czech researchers, Tereza Stašáková wrote a policy paper on rising electricity prices and developments in the EU. It analyses the reasons for rising prices and how EU Member States have reacted to the situation. And whether the solution is to restructure the electricity market.

„In an attempt to determine the causes of high energy prices, the first one to be blamed as a scapegoat was the European green transition and the recklessness of individual steps, especially the high dependence on natural gas as a transition fuel. Nevertheless, very soon, high prices of fossil fuels, especially natural gas, were assessed as the main driver of high electricity prices.“

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