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. (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...