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A 🧵on the cover of the #MarketDesignConsultation. The bullet points are my summary of the text, and my comments are in brackets.
[The document seems to have had some last-minute changes, given some word duplications and reference to earlier parts that do not exist]
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[The document seems to have had some last-minute changes, given some word duplications and reference to earlier parts that do not exist]
1/
Causes
•High gas prices due to Russian gas withholding
•increasing energy demand after Covid
[Lack of hydro and French nuclear not mentioned even though that shortfall represented 7% of EU power generation in 2022]
Problem Description
•high prices
•Risk to SoS
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•High gas prices due to Russian gas withholding
•increasing energy demand after Covid
[Lack of hydro and French nuclear not mentioned even though that shortfall represented 7% of EU power generation in 2022]
Problem Description
•high prices
•Risk to SoS
2/
Current crisis policies
•Reduce consumption (mentioned 3x)
•Roll-out RES
•Secure alternative supplies
•Temporary state-aid framework
•Gas storage regime
•« EU implemented … Price-limiting regimes to avoid windfall-profits in elec&gas» [what are those ?]
3/
•Reduce consumption (mentioned 3x)
•Roll-out RES
•Secure alternative supplies
•Temporary state-aid framework
•Gas storage regime
•« EU implemented … Price-limiting regimes to avoid windfall-profits in elec&gas» [what are those ?]
3/
