Mirroring of the Electricity Market Design into the Gas Legislation

Why do we need a change in legislation

  1. On 11 December 2019, the European Commission outlined its objective to accelerate the decarbonisation of the European continent through its green deal, this would mean higher GHG reduction objectives from 40% to 50-55% as well as a potential reopening of all texts related to renewable and GHG reduction. With further changes in consumption and production patterns in the energy system, due account should be taken of these shifts.
  2. In line with our 2017 study relying on the PRIMES model, gas makes for a cost-effective transition with significant short-term benefits from for example a coal to gas switch providing a 6% reduction in GHG emission through a switch in the merit order. In this respect, third package implementation remains key across the continent to ensure competitive, efficient and integrated markets for gas,along with reviews and updates of certain aspects to further improve market functioning.

DOWNLOAD PDF

X
X
X