Beyond the short-term issues, the energy crisis in Europe raises long-term questions that are disrupting the organisation of the electricity markets: security of supply, price levels and volatility, investments in the energy transition, costs for consumers, etc. CRE France held its Symposium in December 2022 on this topic and the speakers/ group of academics completed a report with a review of the academic literature on the issues of the reform of the European electricity market.
While this document does not address all of the issues related to the electricity market debate, it covers the following topics:
The document also addresses more aggregate issues that are especially relevant for public decision-makers during the crisis period. These issues include:
Each item is addressed in a specific note that articulates two sections, one centered on economic analysis, the other on empirical implications, and, most importantly, broad recommendations for policymakers.