The transition towards a net-zero economy by 2050 requires stepping up the volume of investment across the energy sector and end use sectors, while ensuring better engagement and protection opportunities for consumers.
The energy crisis triggered by the conflict in Ukraine has demonstrated the resilience and benefits of an integrated European market. Yet, the crisis has also highlighted some of the gaps in the current market design and the need to pass on the benefits of renewables’ and other low-carbon technologies’ stable generation costs more directly to consumers.
The Electricity Association of Ireland, in tandem with Compass Lexecon and Eurelectric have produced a report which provides recommendations for a future looking electricity market. The article attached outlines the key features of the report and explores the recommendations for the retail sector.
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