New regulation leaves vast room for implementation up to individual member states
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
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
