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.
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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.
