echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > The European Commission approves the six-nation electricity capacity mechanism proposal

    The European Commission approves the six-nation electricity capacity mechanism proposal

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Recently, the European Commission has approved six backup power schemes to ensure the safety of
    power supply.

    The European Commission approves the six-nation electricity capacity mechanism proposal

    The electricity capacity mechanisms of Belgium, France, Germany, Greece, Italy and Poland comply with rules
    to maintain competition in the single market, the commission said.

    The Belgian and German proposals are for strategic reserves, and only in emergency situations can certain generation capacities
    outside the electricity market be activated.

    In France and Greece, these programmes have particularly contributed to demand response
    .
    In times of power shortage, customers can get paid to reduce electricity
    consumption.

    Similar initiatives are in place in Italy and Poland, where capacity providers can also purchase usable generation
    from users when needed.

    Margrethe Vestager, the EU's commissioner for competition policy, said: "Electricity capacity mechanisms can help maintain the security of electricity supply, but they must be designed so as to avoid distorting competition
    in energy markets.

    "It is a pleasure to work closely with countries that have led to the approval
    of an excellent electricity capacity mechanism designed by six EU countries.
    They will facilitate competition among all potential capacity providers for the benefit
    of consumers and the European energy market.
    Vestager added
    .

    Recently, the European Commission has approved six backup power schemes to ensure the safety of
    power supply.

    The European Commission approves the six-nation electricity capacity mechanism proposal

    The European Commission approves the six-nation electricity capacity mechanism proposal

    The electricity capacity mechanisms of Belgium, France, Germany, Greece, Italy and Poland comply with rules
    to maintain competition in the single market, the commission said.

    Power capacity

    The Belgian and German proposals are for strategic reserves, and only in emergency situations can certain generation capacities
    outside the electricity market be activated.

    In France and Greece, these programmes have particularly contributed to demand response
    .
    In times of power shortage, customers can get paid to reduce electricity
    consumption.

    Similar initiatives are in place in Italy and Poland, where capacity providers can also purchase usable generation
    from users when needed.

    Margrethe Vestager, the EU's commissioner for competition policy, said: "Electricity capacity mechanisms can help maintain the security of electricity supply, but they must be designed so as to avoid distorting competition
    in energy markets.

    "It is a pleasure to work closely with countries that have led to the approval
    of an excellent electricity capacity mechanism designed by six EU countries.
    They will facilitate competition among all potential capacity providers for the benefit
    of consumers and the European energy market.
    Vestager added
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.