A report released this week by the European Commission has highlighted that national subsidies for renewables can be phased out over the next decade, raising questions about future capacity payments to gas- and coal-fired plants.
An expected rise in European power and carbon prices over the coming years could mean that renewable energy producers will be much less dependent on subsidies. At the same time, national capacity payments for gas-fired plants look set to continue.
that slowly rising wholesale power prices would...
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