Clear as mud

Why exactly is the EU so reticent about redesigning its failed energy markets?

“Europe’s liberalised gas market trading hubs are now essentially broken.” – Energy Flux, March 2022

The long-awaited final report from ACER, the EU’s Agency for the Cooperation of Energy Regulators, on the adequacy of EU wholesale electricity design landed late last week. Readers will recall that ACER was tasked with reviewing EU energy market arrangeme…