The Council of the EU and the European Parliament are currently scrutinising and tabling amendments to the European Commission’s proposal to reform EU electricity markets, of course coming in the aftermath of 2022’s energy price crisis.
This short CEPS Explainer focuses on two highly controversial issues at the heart of the Council and Parliament’s respective positions – namely suggested amendments to Article 66a concerning possible future electricity price crises, and the resort to inframarginal revenue caps. The authors fear that if these proposed amendments survive into the final negotiated text of the legislation, then the entire internal energy market could be seriously damaged as a result.
