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Competitive Electricity Market Drives Lower Consumer Costs And Sustainable Energy Transition

The Cyprus Association of Electricity Suppliers’ Representatives (Sepie) said a competitive electricity market remains the most effective model for reducing consumer costs. The statement supports the European Union framework for electricity market design. According to the association, the model improves resource allocation and supports the energy transition. Position comes as policymakers review market structure.

Efficient And Transparent Market Operations

Sepie said the current market design is widely used across the European Union. The model is based on competition and price formation through supply and demand. Changes to the framework could create uncertainty and delay investment, the association said. Disruptions may also increase costs for consumers.

Endorsements From Leading Industry Organizations

Position aligns with industry groups, including Eurelectric and Europex. Both organizations support the competitive electricity market model. In a recent statement, Europex said marginal pricing remains the most effective mechanism for electricity markets. The approach helps reduce system costs and supports the integration of renewable energy.

Stability In Investment And The Renewable Energy Push

Industry groups said a stable market design is needed to support long-term investment. Energy transition requires large-scale funding across infrastructure and generation. Eurelectric said marginal pricing supports efficient resource allocation and investment incentives. The framework also improves price transparency.

A Call For Evidence-Based Policy

In conclusion, Sepie urged policymakers to ground discussions on electricity market design in solid data and evidence-based European positions. The association stressed that maintaining and strengthening the competitive market model is key to lowering costs, attracting investment, ensuring energy security, and steering the industry toward a successful green transition.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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