Seven proposals for an efficient and dynamic electrical Europe.

Summary If the liberalization of the electricity industry calls for a very long time, such is the complexity of this industry, Europeans expect, after fifteen years, identifiable benefits in terms of price, innovation in associated services, environmental performance or security of supply. Rather than the evidence of progress, complexity - or even confusion - characterizes Europe's electricity industry today. The insertion of large-scale intermittent renewables amplifies the difficulty of progressing towards a simple and efficient electricity market regime. The vocation of the new European Electricity Markets Chair, which has just been set up at Paris Dauphine, is to enter into this complexity in order to explore second- and third-tier solutions that could improve the situation. The path is narrow, but it seems possible to us, in the European electricity space, to combine public coordination, market regime and social equity. This is done here around seven recommendations, some of which directly concern the challenges of the energy transition.