Industry frets over EU power revenue caps
Patchwork approach could damage wholesale markets and discourage investment in renewables, industry groups say
The EU adopted a regulation in October instructing member states to introduce a market revenue cap of €180/MWh ($179/MWh) on renewable, nuclear, lignite and oil-fired power plants between December 2022 and June 2023, as part of efforts to help consumers through the continent’s deepening energy affordability crisis. Under the new regulations, member states would be able to claw back revenues beyond the cap. But industry association the European Federation of Energy Traders says the regulation “leaves vast room for implementation” up to individual member states. States are permitted to apply the cap to other technologies, adopt a lower price cap or extend it for a longer period of time. Efet a
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV