Yesterday, the European Commission published its report reviewing emergency interventions to address high energy prices. In this report, the European Commission does not recommend prolonging the Council Regulation on the inframarginal revenue cap. SolarPower Europe has issued the following statement.
Naomi Chevillard, Head of Regulatory Affairs at SolarPower Europe said (she/her):
“We’re relieved to see that the European Commission, but also a number of EU countries, recognise the difficulties of implementing market revenue cap, and its limited role in delivering economic benefit.
The report also recognises the negative impact on renewable Power Purchase Agreements – the market contracted by -21% in 2022 due to the regulatory uncertainty.
We’re also pleased to see that the report makes clear that the market revenue cap was an emergency measure. We wouldn’t want to make it a permanent feature of the electricity market, as currently proposed by the European Parliament. Instead, we should focus on strengthening long-term contracts in the revision of the market design."
SolarPower Europe Position Paper on Electricity Market Design
All routes to market for solar PV investments preserved. Maintaining of marginal pricing system. Market revenue caps no longer prolonged.
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Questions? Get in touch.
Bethany Meban
Head of Press & Policy Communications
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