EU Energy Ministers are scheduled to hold an extraordinary meeting on Monday 2 May around the energy situation in the EU, in context of the Russian war on Ukraine. Ahead of this discussion, SolarPower Europe joins key players in the European energy sector to call for European policymakers to recognize the only real sustainable solution to the current energy price crisis: a massive shift away from fossil fuels.
In March 2022, the European Commission set out several options for emergency measures to limit the impact of high electricity prices noting that all measures carried costs and drawbacks. This letter, signed by EFET, Eurelectric, Europex, SolarPower Europe, and WindEurope outline the risks of interventions into wholesale energy prices; impairing market capacity to deliver efficient supply/demand balance, increasing the cost of the energy transition, harming suppliers and investors, and reducing the welfare and climate protections of integrated European energy markets.
The letter welcomes the European Commission’s leadership in the energy crisis, and the ACER final assessment of EU Electricity Market Design, which reflects the broad consensus on the benefits of an integrated electricity market.
Read the letter
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