EU negotiations on the Clean Energy for All Europeans Package have concluded, with a compromise on electricity market design, according to a leading renewables trade body.
In overnight talks, negotiators from the European Parliament and the Council agreed that priority dispatch for existing renewables will continue to apply.
According to WindEurope, fair and transparent rules on curtailment will be introduced for new renewable power plants, which include compensation for lost revenues in countries where re-dispatch is not market-based.
Transmission system operators will also have to report on all re-dispatch actions and will also have to follow recommendations from energy regulators on how to make re-dispatching more efficient and avoid the curtailment of renewables.
According to WindEurope, this will help give transparency on any ‘must-run obligation’ agreements with conventional power plants that are crowding out renewables from the grid.
WindEurope chief executive Giles Dickson said: “It’s good that we’ve finally got a deal on the shape of Europe’s electricity market for the next decade.
“The European Commission has said that renewables will be 55% of Europe’s electricity demand by 2030 and 80% by 2050. And wind energy will become the number one source of power in Europe by 2027, according to the IEA.”
He added that Europe needs a properly functioning electricity market for this to happen to make it cheaper and easier to integrate more renewables.
“Overall, this deal is a good step forward for the energy transition in Europe. It will help make Europe’s electricity market ready for the ongoing expansion of renewables. And it will help ensure consumers can benefit from cleaner and more affordable electricity,” said Dickson.