Policy & Regulation
Belgian capacity market takes major step forward
Belgium’s parliament has approved a subsidy scheme that could shore up investor confidence in new gas-fired power plants, but final approval by the European Commission remains a hurdle Belgium’s parliament has approved a subsidy scheme that could shore up investor confidence in new gas-fired power plants, but final approval by the European Commission remains a hurdle.
9 April 2019
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The prospects for new investment in gas-fired power plants in Belgium were boosted last week by the national parliament’s approval of a controversial capacity market.
Capacity auctions for power plants in Belgium and neighbouring countries could start in 2021, although approval from the European Commission remains a stumbling block.
The subsidy scheme is designed to incentivise investment in new gas-fired plants to support the phase-out of Belgium’s last nuclear reactors. However, the scheme faces scrutiny from the commission, which will assess...
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