electricitymarket
Industry groups have warned Europe’s energy transition could be hampered if incoming rules on battery manufacturing do not allow firms to factor in long-term contracts for renewable electricity when calculating their carbon emissions. The EU has been actively promoting domestic battery production amid growing geopolitical tensions and fears of undercutting by market leader China – with strict environmental criteria designed to favour greener, European manufacturers. But draft rules on calculating indirect ‘scope 2’ emissions do count ‘power purchase agreements’ (PPA) for green electricity desp...
Euronews (English)
Governments have given the final rubber stamp to new rules on the functioning on the EU’s internal market for electricity, which aim to limit the dramatic price surges and windfall profits seen during the 2022 energy crisis. The pricing model used for spot sales of electricity meant power prices tracked the soaring cost of gas in the wake of Russia’s invasion of Ukraine, leading to high prices for end users and huge profits for electricity firms, especially for renewable wind, solar or hydro power where marginal costs are close to zero. Under a revised market regulation, the essential model re...
Euronews (English)
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