Regulation (EU) 2024/1747 — What It Means for BESS

Regulation (EU) 2024/1747 is the EU’s 2024 reform of its electricity market design. It was adopted in response to the 2021-2023 energy price crisis and amends two existing instruments — Regulation (EU) 2019/943 (the Electricity Regulation) and Regulation (EU) 2019/942 (the ACER regulation). It does not replace them. Every provision in this guide is an amendment inserted into or overlaid on the 2019 framework.

The companion guides on Regulation (EU) 2019/943 and Directive (EU) 2019/944 cover the base instruments. This guide covers what the reform changed for storage: the market access improvements, the peak-shaving product, the two-way CfD from which storage is excluded, the flexibility framework that creates a new support pathway for storage, and the capacity mechanism and PPA changes.

The coverage is selective. The reform is 30 pages and touches many areas beyond storage. This guide covers the storage-relevant changes and names the rest only where they provide context.

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The 2024 market design reform

Instrument type

Regulation (EU) 2024/1747 of the European Parliament and of the Council of 13 June 2024 is a regulation — it applies directly and uniformly across all member states, like the instruments it amends. It was published in the Official Journal on 26 June 2024 (OJ L, 2024/1747) and entered into force on 16 July 2024 (the twentieth day following publication).

What it changed

The reform inserts new articles into Regulation (EU) 2019/943 and modifies existing ones. The new articles cover:

• A peak-shaving product (new Article 7a) for reducing demand during price crises
• A dedicated measurement device (new Article 7b) for settling flexibility services from storage and demand response
• Power purchase agreement promotion (new Articles 19a-19b)
• Two-way Contracts for Difference (new Article 19d) for new generation investment — from which storage is excluded
• A flexibility framework: needs assessment (Article 19e), indicative national non-fossil flexibility objective (Article 19f), support schemes (Article 19g), and design principles (Article 19h)

It also amends existing articles on intraday gate closure, minimum bid sizes, tariff methodologies, capacity mechanisms, and grid connection transparency.

How to read it

Because the reform amends rather than replaces, its articles do not stand alone. New Article 7a is inserted into Regulation (EU) 2019/943 and reads as part of that instrument. When checking a threshold or a rule from this guide, the correct reference is the consolidated, currently-in-force text of 2019/943, not the reform text in isolation.

Key concept: The 2024 reform is an amending regulation — 30 pages of edits to a larger existing instrument. It reads as a series of insertions, replacements, and deletions. Any article cited in this guide with a “new” prefix is a provision the reform inserted into Regulation (EU) 2019/943; any cited without that prefix is an existing provision the reform modified.