Q1: NO, because:

• TM only focuses on cross-border market/competition• TM does not address harmonisation of national

markets• State interventions often distort and hinder market

functioning• Support schemes, priority dispatching, capacity

remuneration mechanisms (CRMs)

Q2: It has the potential to become, provided that:

• National markets are harmonised• State interventions are coordinated at EU level• TM properly addresses flexibility/scarcity

pricing• EU ETS system would work as designed

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Q3: Most likely, YES:

• Past experience shows current governance is inefficient

• Implementation of NC brings improvements and clarifications, but

• Concerns on the efficiency of governance remain

• EU or regional decision making process still too complex

Expectations for Market4RES:• Is marginal cost pricing still fit for high RES

market?• What are the alternative ways to price energy?• Can CRMs be avoided?• What would be the alternative market design?

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How can the current "EU-Target Model" provide efficient investment signals to reach the 2030 RES/GHG goals at acceptable socio-economic costs?

1. Implementation of all network codes2. Coordination/harmonisation of state

interventions3. Focus on flexibility and scarcity pricing4. Higher involvement of consumers5. Reform of EU ETS scheme6. Monitoring of the market (network codes)7. Improvements on governance8. Improvements to the market design9. Coordinated approach to adequancy and CRM

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