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Policy & Regulation

EU power reforms signal less coal and more competition

The EU’s comprehensive electricity market reform addresses many but not all of the barriers to a better-functioning energy market The EU’s comprehensive electricity market reform addresses many but not all of the barriers to a better-functioning energy market.
By Andreas Walstad 27 March 2019 Europe & Russia / Policy & Regulation 0 34075
Fiddler's Ferry coal power station in the UK. (PA)

The EU’s comprehensive electricity market reform package is edging closer to formal adoption after it secured backing from a majority of MEPs in the European Parliament in Strasbourg on Tuesday.

The gas industry will broadly welcome tighter rules for capacity payments, which means it will be much harder for coal-fired plants to participate in national subsidy auctions in the coming years. However – as always – there are loopholes; for example, the new rules will not apply to auctions taking...