This was a hybrid event.

The ERCST workstream on “EU Climate Policy and Electricity Market” provides analytical input on the interactions between EU climate policy and electricity market. ERCST has developed a framework matrix (Annex 1) for analysing the elements of the EC proposal on electricity market reform through a climate change lens.

Following on this preliminary work, ERCST then focused on discrete interaction’s cells of this matrix framework. During our  April event, the focus was given to short term pricing mechanisms (both the EU marginal pricing mechanism and emergency market interventions).

In this event, the attention was given to medium (CRMs) to long term markets and instruments and markets (CfDs, PPAs, and forward markets) and their interactions with relevant climate policies (ETS, RED…) to understand whether/to which extent these provide signals for decarbonization.

This meeting started by a ERCST presentation which provided the discussion background. This was followed by preliminary remarks from the European Commission and the European Parliament. Then followed a panel discussion during which speakers shared their views and provided their opinions on the proposal. Interventions and debate from the audience took place during the following Q&A session.

Agenda     ERCST Slides