Navigating European power market reform: what traders need to know
The European power market has rarely faced such intense scrutiny. Following the 2022–23 energy crisis, policymakers across the EU and UK have been reconsidering how wholesale electricity markets should operate. From marginal pricing and capacity frameworks to long-term contracts and flexibility tools, reform debates are changing how risk is allocated and priced. For traders and analysts, understanding these developments is crucial, not just to remain compliant but also to foresee how liquidity, volatility, and opportunities may evolve in the coming years.