Europe must get its Electricity Market Design right

Wind Industry Profile of

The EU is on its way to reform its electricity market design. The EU Commission will table legislative proposals in March.

And the Commission has only one chance to get this right. Because Europe is in a global race for renewable energy investments.  Investors need clear and robust long-term investment signals that Europe wants their wind farms. Getting the Electricity Market Design wrong would mean giving up on Europe’s competitiveness in renewables. Crucially it’ll undermine Europe’s ability to decarbonise by 2050, and deliver the benefits of renewables to end-consumers. Europe is already lagging behind its own energy security objectives. Delivering on REPowerEU requires building 30 GW of wind each year in the EU. The... ... More: Official Press Release WindEurope

Keywords:

WindEurope, EU, EU Commission, electricity market design, proposal, security, energy crisis, Europe, deployment, renewable energy, investment