Documents Meeus, Leonardo 2 results

"Electricity prices are extremely high. We are short of gas in Europe, and gas power plants are pushing up the prices of electricity. It is also unfortunate that an unprecedented number of nuclear power plants are under forced maintenance in France, which increases electricity prices even further. Consumers are suffering, and some producers of electricity are making unexpected profits.
Many emergency measures have been taken to protect consumers and to claw back windfall profits. Beyond these short-term measures, the process towards an electricity market reform for the medium to long term has also started. This could become the fifth EU electricity market reform."

"In this report we focus on the fundamentals of energy and climate policy as reformulated in the EU Green Deal. The 2022 edition includes updates following the publication of the Fit for 55 Package and the EU Hydrogen and Decarbonised Gas Markets Package. The reader is guided through the landscape of EU climate and energy policy. Starting with the big picture of the foundations of energy and climate policy, we then move to discussing in more detail European climate policy, security of supply and energy networks. We continue with energy wholesale and retail markets, and finish with a closer look at energy innovation. Each chapter is divided into several sections, aiming to give the reader a broad overview of the areas of climate and energy policy that are impacted by the EU Green Deal. The references at the end of each section serve as suggestions for further reading on each topic."