Abstract
Energy prices in Europe have been soaring, and policymakers are trying to find solutions to immediately contain the energy prices for end-consumers and to enhance the market design in the longer term. This paper discusses some of the current events that are facing the power sector in Europe and some challenges that may face the industry more generally in the future. Then, we propose policy recommendations in the context of Gulf Cooperation Council (GCC) countries by contrasting the power sector design in place in this region with that in the European region.
