SolarPower Europe joins forces with WindEurope, Eurelectric, and EFET to warn EU member states from prolonging the inframarginal revenue cap.
The best protection against a repeating energy crisis remains for Europe to rapidly deploy the technologies that will deliver its net zero ambitions.
National interventions in the wholesale market in the form of revenue caps have proved toxic to new investments in these technologies.
The complex, and patchwork, implementation of Inframarginal price caps resulted in 21% less PPA contacts signed in 2022 vs 2021, and in only €17bn invested in new wind energy – the lowest since 2009. They have also reduced the possibility for market participants to stabilise prices for consumers (hedging) on a number of markets, and lowered consumers’ interest in PPAs and other market tools.
Joint statement from the EU electricity industry
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