About: capacity markets

Electricity 23-10-2019

UK capacity market déjà vu: A solution that’s still in search of a problem

The European Commission is currently examining a UK government request to approve its so-called “capacity mechanism” to finance back-up power plants. However, there is no evidence to suggest that such a mechanism is necessary to bring forward new investment in electricity generation, argue Philip Baker and Michael Hogan.
Electricity 25-06-2019

EU must block Greece’s desperate attempt to subsidise coal power

Greek consumers could end up footing the bill for new coal plants well beyond 2050 under a proposed government scheme, despite recently agreed EU electricity market rules specifically designed to call time on coal subsidies, write Joanna Flisowska and Nikos Mantzaris.
Electricity 15-04-2019

Walking the walk on capacity mechanisms

The European Commission’s review of Britain’s capacity market for electricity will reveal whether the EU executive really believes the recast regulation on the internal electricity market is ever likely to be fully enforced, write Philip Baker and Michael Hogan.
Electricity 30-10-2018

Britain’s capacity market for electricity: Lessons for Europe

The UK’s market-wide capacity mechanism for electricity provides a solution to a supply problem that has yet to emerge, writes Phil Baker. A targeted strategic reserve is likely to be a more cost-reflective alternative, he argues.
Electricity 14-09-2018

Why France believes capacity mechanisms are necessary

Capacity mechanisms are crucial to secure the finances of power plants that ensure France's security of electricity supply. They are also essential to attract investments in new necessary capacity by providing visibility to the market thanks to a long-term price signal, writes Virginie Schwarz.

Want to know what's going on in the EU Capitals daily? Subscribe now to our new 9am newsletter.