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#FoEDebate The euro area is experiencing a prolonged period of inflation, which has triggered a cost-of-living crisis and had a significantly deleterious impact on consumers and businesses across economies. Energy price increases lie at the heart of European inflation. In recent months, the price of gas has sky-rocketed in Europe, directly impacting the price of electricity. Governments across the EU have utilised multiple fiscal measures to cushion the effects of energy price hikes on citizens, and the European Central Bank has raised interest rates throughout 2022 to curb rising inflation. In her 2022 State of the Union address, European Commission President Ursula von der Leyen remarked that “the electricity market no longer works and requires radical reform to meet all the challenges posed by the structural transformations associated with the low-carbon transition […] It needs to be adapted to the new reality of dominant renewable energies because the electricity market was designed 20 years ago when [renewable energy] was marginal.” The current energy crisis has forced policymakers to consider whether the current electricity market design is fit for purpose. __________________ 0:00 Introduction by Tamsin Rose, Senior Fellow for Health at Friends of Europe 04:07 Annamaria Marchi, Deputy Head of Unit for the Internal Energy Market at the European Commission Directorate-General for Energy (DG ENER) 08:48 Tamsin Rose 09:28 Marion Labatut, Deputy director of European affairs at Electricité de France (EdF) 13:58 Tamsin Rose 14:35 Leonardo Meeus, Director of the Florence School of Regulation at the European University Institute (EUI) 19:01 Tamsin Rose 19:37 Annamaria Marchi 19:50 Tamsin Rose 20:30 Q&A 21:08 Annamaria Marchi 21:47 Tamsin Rose 22:34 Leonardo Meeus 23:52 Marion Labatut 24:49 Tamsin Rose 25:24 Q&A 26:35 Tamsin Rose 27:33 Leonardo Meeus 28:50 Tamsin Rose 29:41 Annamaria Marchi 34:06 Tamsin Rose 34:41 Leonardo Meeus 37:19 Tamsin Rose 38:12 Marion Labatut 43:24 Annamaria Marchi 44:53 Tamsin Rose 45:02 Q&A 47:20 Leonardo Meeus 48:46 Tamsin Rose 49:10 Annamaria Marchi 50:32 Tamsin Rose 51:41 Marion Labatut 54:38 Q&A 55:37 Annamaria Marchi 57:15 Leonardo Meeus 58:18 Tamsin Rose 59:22 Leonardo Meeus 1:00:38 Marion Labatut 1:01:54 Tamsin Rose 1:02:15 Annamaria Marchi 1:02:40 Marion Labatut 1:02:56 Tamsin Rose 1:03:35 End of debate __________________ Subscribe! ► http://bit.ly/2n5HBDp Connect. Debate. Change. Website: http://www.friendsofeurope.org/ Twitter: / friendsofeurope LinkedIn: / friends-of-europe Instagram: / friendsofeurope Facebook: / friendsofeurope.foe