EU Energy Policy

Brussels presses on with energy market reforms

EU lawmakers have made landmark decisions this week that could have a long-lasting impact on the European energy sector EU lawmakers have made landmark decisions this week that could have a long-lasting impact on the European energy sector.
By Andreas Walstad 9 February 2018 0 29505
Margrethe Vestager, EU commissioner for competition. Margrethe Vestager, EU commissioner for competition. (EC)

EU lawmakers have approved national subsidy auctions for power plants and the reform of the EU’s Emissions Trading System (ETS) – two potentially overlapping decisions that could have a long-lasting impact on the European energy sector. 

The European Commission announced on Wednesday that it had approved Capacity Remuneration Mechanisms (CRMs) – which are national subsidies for power plants – in six countries in a bid to boost security of electricity supply. Capacity payments for power plants and demand-side participants were given the green light in...