The European Commission’s Market Design Initiative (MDI) rightly identifies security of supply, demand-side participation in markets, and market governance as the three central pillars of a successful market reform. In framing the initiative’s priorities, however, the Commission has neglected some of the most important obstacles to success in each of these three critical areas. During this presentation, Mike Hogan summarizes these obstacles and offers practical steps toward meeting the EU’s climate and energy policies in the most secure and cost-effective manner.