Clear as mud
Why exactly is the EU so reticent about redesigning its failed energy markets?
The long-awaited final report from ACER, the EU’s Agency for the Cooperation of Energy Regulators, on the adequacy of EU wholesale electricity design landed late last week. Readers will recall that ACER was tasked with reviewing EU energy market arrangements last October in response to spiralling gas and power prices. In a nutshell, the regulator has concluded there’s nothing to see here and asked everyone staring at the remains of Europe’s war-bludgeoned liberalised energy markets to kindly move along.