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
27 September 2023
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
26 September 2023
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage