Directive (EU) 2024/1711

What it is

The European Parliament adopted by 473 with 80, with 27 abstentions, a legislative resolution on the proposal for a directive of the European Parliament and of the Council amending Directives (EU) 2018/2001 and (EU) 2019/944 as regards improving the Union’s electricity market design. The proposed directive aims to improve the design of the integrated electricity market, in particular to prevent unduly high electricity prices. The position adopted by the European Parliament at first reading under the ordinary legislative procedure amends the proposal as follows: The amended text highlights that strengthening the internal energy market and achieving the climate and energy transition objectives requires a substantial upgrade of the Union’s electricity network to be able to host vast increases of renewable generation capacity, with weather-dependent variability in generation amounts and changing electricity flow patterns across the Union, and to be able to address new demand such as electric vehicles and heat pumps. Any reform of the Union’s electricity market should contribute to a more integrated European electricity network , with a view to ensuring that each Member State reaches a level of electricity interconnectivity in accordance with the electricity interconnection target for 2030 of at least 15 %. The reform of the electricity market design aims to achieve affordable and competitive electricity prices for all consumers.

Official title: Directive (EU) 2024/1711 of the European Parliament and of the Council of 13 June 2024 amending Directives (EU) 2018/2001 and (EU) 2019/944 as regards improving the Union’s electricity market design (Text with EEA relevance)