In this podcast, we explore the changing landscape of EU energy policy, which is shifting from liberalization towards more regulation due to the ongoing energy crisis and the transition to sustainable energy. The conversation highlights how these adjustments affect electricity and gas markets, touching on key topics such as the merit order principle, capacity markets, PPAs, and CFDs. Additionally, the podcast delves into the Carbon Border Adjustment Mechanism (CBAM) and the EU Emissions Trading System (ETS), addressing the complexities and uncertainties these policies bring for market participants. Listeners will also gain insights on how businesses can stay informed and adapt to these evolving changes.