Document reveals Commission’s plan for redesigning power market

The European Commission intends to significantly overhaul the EU’s electricity markets in the coming years, a leaked draft communication seen by Europolitics reveals. It focuses on the need to improve cross-border trading to send stronger price signals to consumers to balance power markets better and to tighten the regulation of capacity mechanisms.  The Commission’s overall aim is to "redesign the European electricity market" and to adapt it to a "new reality" characterised by decentralised supply, flexible demand and the expansion…