The energy crisis in the wake of Russia's war of aggression against Ukraine revealed major weaknesses in the design of the EU electricity market. The high prices lead to excess profits for electricity producers, burden consumers and damage the competitiveness of European industry. The strong price fluctuations result in an uncertain environment for investments in renewable energy.
The long-announced draft law on the reform of the electricity market was presented on 14
March 2023. However, little has remained of the fundamental revision that was promised.
AK demands that energy supply must be legally established as part of services of general interest. Security of supply, affordability and sustainability must be legally anchored as overriding goals. The consumer prices for electricity must reflect the actual production costs, consumer rights must be expanded.