2024-05-27
http://w3.windfair.us/wind-energy/news/44275-windeurope-eu-proposal-electricity-market-design-targeted-reform-investment-government-intervention-renewable-energy-energy-security

WindEurope on EU electricity market design

Image: PixabayImage: Pixabay
WindEurope supports the European Commission’s balanced proposal for a revision of the EU electricity market design. But in his draft report lead MEP Nicolás González Casares has now made extremely unhelpful proposals.

Official Press Release WindEurope:

Electricity market design: European Parliament mustn’t undermine climate or energy security

Wind Industry Profile of
Electricity market design: European Parliament mustn’t undermine climate or energy security

The EU is debating a revised electricity market design. The European Commission has proposed a targeted reform to end the investment uncertainty caused by uncoordinated Government interventions in electricity markets.

The European Parliament and Member States should stick to this proposal. But lead MEP Nicolás González Casares has proposed unhelpful things on revenue caps: lowering the bar to apply them, allowing Member States to design them and making them more permanent. National interventions like this would undermine the EU electricity market and deter investments in home-grown renewables. It would be bad for consumers and for energy security. The EU is about to raise its Renewable Energy target for 2030 from 32% to 42.5%. For wind this means... ... More: Official Press Release WindEurope

Keywords:
WindEUrope, EU, proposal, electricity market design, targeted reform, investment, government, intervention, renewable energy, energy security







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