Ministerial statement on the Commission’s proposals on electricity market design

The revision of the electricity market design is a priority for the Swedish Presidency. We will work for an effective process. 

Sweden is ready to lead negotiations with member states in the council on how to improve the market design against the backdrop of the ongoing energy crisis and the need to speed up the phasing out of fossil fuels. At the same time, we need to keep elements that are working well within the present market design and do not harm the functioning of electricity markets. The electricity market design should be able to withstand extreme stresses during crises, offering better protection for consumers against high and volatile energy prices while at the same time facilitate security of supply and accelerated investments in the clean energy.

A well working electricity market is needed for a secure, affordable, and clean electricity supply for the EU’s citizens and industry and facilitate Europe’s energy independence and our fight against climate change.