Associated tags: Renewable energy, Eurelectric, Electricity, EU, EVS, Climate
Locations: UKRAINE, BRUSSELS, BE, AUSTRIA, BELGIUM, FRANCE, GERMANY, ITALY, NETHERLANDS, SPAIN, SWITZERLAND, UNITED KINGDOM, DISTRICT OF COLUMBIA, EUROPE, EU, CHINA
BRUSSELS, Belgium, March 12, 2024 (GLOBE NEWSWIRE) -- The EU electricity market design reform is weeks away from formal adoption.
Key Points:
- BRUSSELS, Belgium, March 12, 2024 (GLOBE NEWSWIRE) -- The EU electricity market design reform is weeks away from formal adoption.
- Today, Eurelectric and Compass Lexecon will present guidelines to optimise two-way CfDs to (1) support clean and renewable energy build out, (2) protect consumers while more directly transferring renewables’ benefits, and (3) preserve liquidity in forward markets.
- The electricity market reform sets two-way CfDs as the single direct price support mechanism for new clean and renewable capacity.
- Eurelectric calls on EU countries to consider these guidelines for a speedy implementation of the electricity market reform.
In Europe, current regulatory frameworks allow distribution system operators (DSOs) to invest in building out the power grid only after a connection request is made.
Key Points:
- In Europe, current regulatory frameworks allow distribution system operators (DSOs) to invest in building out the power grid only after a connection request is made.
- Anticipatory investments can address the expected future infrastructure needs by looking beyond immediate requirements of generation and demand.
- Eurelectric's Secretary General Kristian Ruby said:
"National regulators must transition to a forward-looking mindset and allow DSOs to proactively invest in the infrastructure needed for net-zero.
- For this to happen, national regulators must remove barriers and incentivise DSOs to invest ahead with fair remuneration and a stable investment environment.
In Europe, current regulatory frameworks allow distribution system operators (DSOs) to invest in building out the power grid only after a connection request is made.
Key Points:
- In Europe, current regulatory frameworks allow distribution system operators (DSOs) to invest in building out the power grid only after a connection request is made.
- Anticipatory investments can address the expected future infrastructure needs by looking beyond immediate requirements of generation and demand.
- Eurelectric's Secretary General Kristian Ruby said:
"National regulators must transition to a forward-looking mindset and allow DSOs to proactively invest in the infrastructure needed for net-zero.
- For this to happen, national regulators must remove barriers and incentivise DSOs to invest ahead with fair remuneration and a stable investment environment.
EVS,
EV,
EY,
Built environment,
Risk,
Communication,
Ecosystem,
Privacy,
Commission,
Eurelectric,
Fireworks Sales grew by 25% in 2023, with EVs accounting for more than one in five new cars sold.
Key Points:
- Sales grew by 25% in 2023, with EVs accounting for more than one in five new cars sold.
- Competition between the EU, US and China over EV production is getting fierce, meanwhile, different players of the e-mobility ecosystem keep their own data in silos.
- Data should become interoperable across the entire value chain by establishing standardised protocols, roaming networks for charging, grid congestion heat maps and common platforms to break down data silos.
- – adds Serge Colle, EY's Global Energy & Resources Leader
Eurelectric calls on policymakers to integrate safe data interoperability across all e-mobility-related regulatory frameworks to accelerate EVs adoption, starting with the foreseen in-vehicle data act.
EVS,
EV,
EY,
Built environment,
Risk,
Communication,
Ecosystem,
Privacy,
Commission,
Eurelectric,
Fireworks Sales grew by 25% in 2023, with EVs accounting for more than one in five new cars sold.
Key Points:
- Sales grew by 25% in 2023, with EVs accounting for more than one in five new cars sold.
- Competition between the EU, US and China over EV production is getting fierce, meanwhile, different players of the e-mobility ecosystem keep their own data in silos.
- Data should become interoperable across the entire value chain by establishing standardised protocols, roaming networks for charging, grid congestion heat maps and common platforms to break down data silos.
- – adds Serge Colle, EY's Global Energy & Resources Leader
Eurelectric calls on policymakers to integrate safe data interoperability across all e-mobility-related regulatory frameworks to accelerate EVs adoption, starting with the foreseen in-vehicle data act.
Retrieved on:
Thursday, December 14, 2023
BRUSSELS, Belgium, Dec. 14, 2023 (GLOBE NEWSWIRE) -- The next five years will make or break the EU climate and energy agenda.
Key Points:
- BRUSSELS, Belgium, Dec. 14, 2023 (GLOBE NEWSWIRE) -- The next five years will make or break the EU climate and energy agenda.
- The EU is coming to the end of a legislative cycle that put climate action front and centre.
- Today, challenges like the war in Ukraine, growing geopolitical tensions and industrial competitiveness are re-centring the EU agenda on energy security.
- The electricity industry therefore calls for an Electrification Action Plan with measures needed to drastically accelerate electrification.
Retrieved on:
Thursday, September 21, 2023
Wind,
EVS,
Policy,
Electricity,
Climate,
Investment,
Global power barometer,
Renewable energy,
Barometer,
EU,
Eurelectric Homegrown clean and renewable electrification remains THE answer, but higher investments and upgraded infrastructure are urgently needed to enable a tripling in electrification rates by 2050.
Key Points:
- Homegrown clean and renewable electrification remains THE answer, but higher investments and upgraded infrastructure are urgently needed to enable a tripling in electrification rates by 2050.
- Rollout of charging infrastructure, however, is lagging behind and so are investments in electricity networks.
- Grid operators must be allowed to make anticipatory investments so we can start preparing for higher electrification."
- Growing variable wind and solar generation requires an increase in firm and flexible technologies to stabilise the system.
Retrieved on:
Thursday, September 21, 2023
Wind,
EVS,
Policy,
Electricity,
Climate,
Investment,
Global power barometer,
Renewable energy,
Barometer,
EU,
Eurelectric Homegrown clean and renewable electrification remains THE answer, but higher investments and upgraded infrastructure are urgently needed to enable a tripling in electrification rates by 2050.
Key Points:
- Homegrown clean and renewable electrification remains THE answer, but higher investments and upgraded infrastructure are urgently needed to enable a tripling in electrification rates by 2050.
- Rollout of charging infrastructure, however, is lagging behind and so are investments in electricity networks.
- Grid operators must be allowed to make anticipatory investments so we can start preparing for higher electrification."
- Growing variable wind and solar generation requires an increase in firm and flexible technologies to stabilise the system.
Europe's success hinges, however, on critical enablers including the electricity market reform, permitting, grids, and industrial competitiveness.
Key Points:
- Europe's success hinges, however, on critical enablers including the electricity market reform, permitting, grids, and industrial competitiveness.
- Climate action, energy independence and reindustrialisation call for an ambitious, yet realistic well-balanced decarbonisation strategy for Europe.
- Underlining the industry commitment to climate neutrality, Eurelectric's President and E.ON CEO, Leonhard Birnbaum said:
"The EU has highly ambitious targets for 2030.
- The step change we achieve already this decade will determine our success in delivering any target we might set ourselves for 2040.
Europe's success hinges, however, on critical enablers including the electricity market reform, permitting, grids, and industrial competitiveness.
Key Points:
- Europe's success hinges, however, on critical enablers including the electricity market reform, permitting, grids, and industrial competitiveness.
- Climate action, energy independence and reindustrialisation call for an ambitious, yet realistic well-balanced decarbonisation strategy for Europe.
- Underlining the industry commitment to climate neutrality, Eurelectric's President and E.ON CEO, Leonhard Birnbaum said:
"The EU has highly ambitious targets for 2030.
- The step change we achieve already this decade will determine our success in delivering any target we might set ourselves for 2040.
