Council and Parliament reach provisional deal on renewable energy directive
The Council and the Parliament negotiators today reached a provisional political agreement to raise the share of renewable energy in the EU’s overall energy consumption to 42.5% by 2030 with an additional 2.5% indicative top up that would allow to reach 45%. Each member state will contribute to this common target. This provisional political agreement will now need to be endorsed by both...Read More
EC published its proposal for reform of the EU’s electricity market design
On March 14 the European Commission has published its long-awaited proposal for reform of the EU’s electricity market design. The reform aims at accelerating the surge in renewables and the phase-out of gas, making consumer bills less dependent on volatile fossil fuel prices, better protecting consumers from future price spikes and potential market manipulation,...Read More
The European Council formally adopted REPowerEU – 20 billion euros will be allocated for financing
As part of the European Union (EU) strategy for autonomy by diversifying energy supplies and ending its dependency on Russian fossil fuel imports, on February 21st 2023 the Council of the EU has formally adopted a regulation to include REPowerEU chapters in the Recovery and Resilience Facility (RRF). This finalizes the procedure for the adoption of the amending regulation in the RRF and, in...Read More
Power Purchase Agreements for RES and storage – essential for the EU electricity market
To empower corporate and citizen consumers to benefit more directly from low-cost renewable electricity by facilitating access to renewable power purchase agreements (PPAs) and for accelerated flexibility such as storage to support power system reliability, insists SolarPower Europe (The European Solar Association). The position of the association is in relation to the public consultation...Read More