EU renewables market | RBS Invoice Finance

Industry alliance calls for more flexible EU renewables market

A group of gas, clean technology and renewable energy firms has released a joint declaration demanding that a new "flexible" and "dynamic" energy market be implemented by EU policymakers.

The declaration, which has been published by an alliance of organisations – including the European Wind Energy Association, Gas Naturally, the European Association for Storage of Energy, Solar Power Europe, the Confederation of European Paper Industries and the Smart Energy Demand Coalition – asks for reform of the EU Internal Energy Market.

It states: "We share the conviction that only a flexible and dynamic energy system, making the best use of innovative and distributed supply and demand options, can ensure a cost-efficient and sustainable transition towards a decarbonised energy system."

It goes on to explain: "We consider the upcoming legislative package on market design as a unique chance to provide the energy sector with a predictable investment framework, fairer market conditions, and ultimately seize new opportunities arising from decentralised energy production and demand side participation."

The alliance then goes on to make specific requests that "adequate price signals" are provided, together with "further integration of short-term markets across borders", the implementation of a balanced approach to system adequacy and "a level playing field" introduced to help encourage the pan-European trading of "electricity and grid services".

 

 

Security may be required. Product fees may apply.

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT.

Request a quote
Contact us
Set Tab for lightbox