WindEurope warns Spain

Wind Industry Profile of

The European Commission is planning to table a reform to Electricity Market Design rules in March to help address Europe’s energy crisis.

Ahead of the public consultation, Spain has issued a non-paper setting out its own proposals for electricity market rules. Part of its stated rationale is creating a better framework for private investment in renewables. The wind industry agrees on the need for a future-proof market design that drives investments in renewables and ensures security of supply for Europe’s families and businesses. However, Spain’s proposals seem excessively focused on applying Contracts-for-Difference (CfDs) for both new and existing infra-marginal power generation assets. While Contracts-for-Difference have proved... ... More: Official Press Release WindEurope

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WindEurope, Spain, EU, energy crisis, Electricity Market Design, address, Europe, framework, CfD, investment, critical