Sure, electricity is in some sense a pretty artificial market with the auctions and system operator etc etc. OTOH, commodities generally price at the margin, and the rules for the electricity market have been designed to mimic this price finding process that comes about more naturally in other commodity markets.

So while currently there are certainly big issues with how the market functions due to Putin, anyone suggesting any major reform will have to think long and hard what the market mechanics are supposed to be, and what could be unintentional side-effects of that mechanism. At the moment there is a lot of political pressure to do something, anything, and it's very likely such hasty proposals will be throwing the baby out with the bathwater.