eu electricity market design

According to a report from industry lobby group the European Round Table for Industry (ERT) investment in Europe’s energy infrastructure requires €800 billion (US$870 million) by 2030.

The European Council and European Parliament have reached a provisional agreement to reform the EU’s electricity market design.

On Wednesday 19 July, The European Parliament (EP) has approved by 55 votes in favour and 15 against reforming the EU Electricity Market Design.

The European Commission has proposed to reform the EU’s electricity market design in a move to accelerate the uptake of renewables.

Power purchase agreements must become a mainstream tool for the development and energy supply of renewables, according to SolarPower Europe.