The Future of the European Power Market
The journal Intereconomics, published bi-monthly by CEPS and the Leibniz Information Centre for Economics (ZBW), features articles dealing with economic and social policy issues affecting Europe. Each issue contains a Forum section offering an in-depth exploration of a selected topic. All contributions to the Forum section in each issue, as well as the Editorial, are available for […]
Channelling Progress in Central and South East European Energy Market Integration
The Central and South Eastern Europe Gas Connectivity (CESEC) is a major political success for the European Commission and the member states in their bid to integrate Central and South East European (C&SEE) energy systems. CESEC has already made a significant contribution to strengthening the regional and wider European energy security. Broadening the scope of […]
The Disclosure of Guarantees of Origin
Demand is increasing in the EU for specific electricity products of desired origin. For now, this demand relates almost exclusively to electricity generated from renewable energy sources, and comes from business organisations wishing to enhance their environmental credentials and households wishing to contribute to a better environment. The tracking system of guarantees of origin is […]
Why the future of European renewables policy may be decided in Washington and not in Brussels
In the last few years, several EU member states have reduced support to renewable energy, leading to numerous claims that these policy changes retroactively affected existing investments and that the practice of ‘grandfathering’ should have been observed. Among these, the case of Spain stands out, both due to the material size of the cuts and […]
The EU power sector needs long-term price signals
By 2030, half of the EU’s electricity demand will be covered by renewables and will need to be accompanied by flexible conventional back-up resources. Due to the high upfront costs inherent to renewables and the progressively lower running times associated with back-up capacity, the cost of capital will have a proportionately greater impact on total […]