Recently, there have been public discussions about changes in the electricity market. The Association of Electricity Suppliers Representatives (SEPIE) wants to restate its key views on how the market should operate.
SEPIE believes that the Competitive Electricity Market, used in the European Union, is the most efficient and clear way to run the market. It helps use resources well and keeps prices low for consumers.
This view is backed by two major European energy organizations: the Association of European Energy Exchanges (Europex) and Eurelectric. These groups are vital to the European electricity market. Europex includes energy exchanges and market operators across Europe, including the Cyprus Transmission System Operator. Eurelectric represents over 3,500 electricity companies and 34 national organizations from 32 countries, including AHK.
In a statement on March 12, 2026, Europex noted that marginal pricing—the basis of the competitive market—is “the most efficient basis for electricity markets.” It lowers total operating costs, improves transparency about demand and energy storage, rewards flexibility, and helps integrate renewable energy by replacing higher-cost production and cutting prices.
At the same time, Europex points out that European institutions have determined that the current market design works well and should stay as it is. They warn that constant changes can hurt long-term investments and raise market risks.
In a letter on February 26, 2026, to the President of the European Commission and the President of the European Council, Eurelectric stated that marginal pricing is still the best way to ensure efficient resource use, price transparency, and good investment incentives.
Eurelectric also stressed that during this time of high investment needs for energy transition, having stable regulations is crucial. They believe boosting clean energy production is key to lowering costs and reducing reliance on fossil fuels. On the other hand, questioning basic market principles could create uncertainty, slow down investments, and ultimately raise costs for consumers.
SEPIE insists that talks about the electricity market should rely on established European positions and real data. Keeping and strengthening the competitive market is essential for lowering costs, attracting investments, ensuring energy security, and achieving a successful green transition.
