Press Release, German Renewable Energy Federation. Berlin. „The European Commission has, rightly, recognised that the existing energy markets in Europe still have to be made fit for more renewable energies”, Dr. Herrmann Falk, managing director of the German Renewable Energy Federation (BEE), comments. In transforming the energy system the European Commission is setting out for a secure supply based on renewable energies.
Furthermore, it would be important that “market prices speak the truth”. On the one hand the Commission calls for that, but then gets in her own way by her own State Aid Guidelines. The latter inter alia rule that renewable energies shall no longer be remunerated in the case of negative prices. Falk: “Scarcity prices are needed.” In a self-regulating system capacity remuneration markets, which are viewed critically also by the Commission, consequently would not be necessary. Further developed markets can provide for a secure energy supply.
In total, the new market design provides the Commission and Member States with the opportunity to reduce barriers, which hinder the full implementation of the Internal Energy Market and the development of renewable energies, and, thus, to promote flexibility, integration and regional cooperation.
Download: Future-Oriented Market Design
Source: PRESS RELEASE German Renewable Energy Federation BEE e.V., 8th October, 2015