ACER: EU electricity market works despite high prices

The EU’s energy regulator, Acer, has come out against a far-reaching reform of Europe’s electricity markets. In a report released Friday, Acer concludes that the current design of EU wholesale markets guarantees efficient and secure electricity supply under normal conditions. „Therefore, Acer believes that the current market design should be maintained,“ the report states. Thus, Acer rejects calls from countries such as Spain and France to detach the price of electricity from the price of gas.