Unity in power, power in unity: why the EU needs more integrated electricity markets

At this event Bruegel presented a new Bruegel paper on the future of the European single electricity market. The paper sheds light on the multiple benefits provided by enhanced EU energy market integration going forward. We also focused on the 2022 energy crisis and its implications for the EU's electricity and gas markets. The crisis highlighted the importance of reversing the trend towards fragmentation to enhance resilience and security. We discussed the benefits of market integration, such as reduced need for new infrastructure and lower costs for consumers. However, achieving this integration requires addressing distributional effects and overcoming domestic political constraints. It's crucial for EU governments to engage in honest discussions and commit to coordinated solutions to avoid potential backlash and ensure a sustainable energy future.

Events material:
Policy brief: Unity in power, power in unity: why the EU needs more integrated electricity markets