The European Commission is currently examining a UK government request to approve its so-called “capacity mechanism” to finance back-up power plants. However, there is no evidence to suggest that such a mechanism is necessary to bring forward new investment in electricity generation, argue Philip Baker and Michael Hogan.
Greek consumers could end up footing the bill for new coal plants well beyond 2050 under a proposed government scheme, despite recently agreed EU electricity market rules specifically designed to call time on coal subsidies, write Joanna Flisowska and ...
Campaigners have urged the European Commission to reject a proposed aid scheme for the Greek power sector, saying the draft plan will allow “backdoor subsidies” for a new coal-fired power plant in Greece, in violation of the EU’s recently-updated electricity market rules.
The UK’s market-wide capacity mechanism for electricity provides a solution to a supply problem that has yet to emerge, writes Phil Baker. A targeted strategic reserve is likely to be a more cost-reflective alternative, he argues.
Whether it relates to electricity prices charged to customers, the calculation of grid availability across borders, or the EU’s law-making process itself, the quest for transparency has emerged as a cross-cutting theme in Europe’s ongoing power market reform.
The on-going transformation of the EU power industry is leading policymakers to re-evaluate the current design of electricity markets. Electricity generated from renewable sources has become one of the most important sources of electricity, paving the way for a transition towards a low-carbon energy system.
The capacity market in Poland has a so-called “green bonus”, which allows a two-year extension of the multiannual capacity contracts provided that a 450 kg CO2/MWh emission performance standard is met, says Maciej Burny.
Capacity mechanisms are crucial to secure the finances of power plants that ensure France's security of electricity supply. They are also essential to attract investments in new necessary capacity by providing visibility to the market thanks to a long-...
Davide Crippa, Italy’s Undersecretary for Economic Development, has announced the country’s withdrawal from a seven-country alliance led by Poland, which argued for preserving national sovereignty over decisions to finance emergency power plants.