Basic points of the eu council agreement on the reform of the eu electricity ...

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On  the council reached an agreement on the reforms to be introduced in the legislative framework of the eu electricity market. This, with the triple objective of (I) mitigate the impact of fossil fuel prices on electricity prices (ii) ensure that the benefits of renewable deployment accrue to consumers and (iii) benefit the competitiveness of the eu industry. It is clear that, to achieve the objectives, the eu must accelerate the deployment of renewable energy at a much faster pace. And, taking into account the investment needs necessary to achieve these objectives, the market must guarantee the establishment of a long-term price signal. The second great challenge is that of achieve regulatory stability, sufficient to attract private investment in sufficient volumes.


The achievement of these objectives is articulated around Italy Telegram Number Data  the following bases agreed upon by the twenty-seven: 1- a dynamic market for electricity purchase and sale contracts (ppas) must be created and describe the policies and measures to facilitate their use in the integrated national energy and climate plans (pniec). The possibility of establishing a guarantee system at market prices if access to private guarantees is impossible or insufficient. It is also expected the possibility of allowing renewable energy project promoters participating in a public aid tender to reserve a portion of the generation to sell through a ppa. Member states may also decide facilitate the aggregation of demand for ppas from clients who individually face barriers to entry in the ppa market, but that collectively they can present an attractive ppa offer to producers. However, aid should not be provided to ppas that purchase generation from fossil fuels.



Finally, applying objective and non-discriminatory criteria, member states could decide to target these instruments towards specific categories of consumers. 2- contracts for differences (“cfd”) are delimited and provided exclusively for new investments intended to: (I) substantially repower existing wind, solar, geothermal, non-reservoir hydroelectric and nuclear electricity generation facilities, (ii) to substantially increase their capacity or (iii) to prolong their useful life. And they establish themselves as volunteers, in addition to being evaluated in accordance with articles 107 and 108 of the tfeu. Cfds may only be applied to contracts within the framework of direct price support systems for investments in new generation held from three years after the date of entry into force of the provision. This transitional period should be five years for hybrid marine assets. Connected to two or more supply zones.