09/20/2022

WindEurope warns: avoid patchwork

Europe needs more renewables as soon as possible to reduce its overreliance on Russian fossil fuel imports and to overcome the current energy crisis. A patchwork of different price caps, unilaterally introduced by individual Member States, creates investment uncertainty.

Official Press Release WindEurope:

Emergency measures on electricity market: avoid a patchwork that undermines renewables investments

Wind Industry Profile of

The European Commission has proposed new rules that would cap the price of wind energy and other so-called inframarginal power generation at €180/MWh. WindEurope supports the aim of cushioning the impact of high electricity prices on families and businesses. But national caps that deviate from an EU-wide cap would create a patchwork that would undermine investments in renewables.

The European Commission has proposed new emergency measures to tackle the current energy crisis. After Russia’s invasion of Ukraine and its deliberate reduction of gas flows, energy prices in Europe have surged. Driven by the high price of gas, electricity prices have increased up to 10-fold over the last year, putting European families and businesses under increasing pressure. Today... ... More: Official Press Release WindEurope