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Good news from #Brussels
The leaked @EU_Commission non-paper on Emergency Electricity Mkt Interventions addresses the root sources of the 10-fold electricity price increase:
➡️Excessive profits of inframarginal technologies (nuclear, hydro, renewables)
➡️Gas scarcity
🧵 Thread
The leaked @EU_Commission non-paper on Emergency Electricity Mkt Interventions addresses the root sources of the 10-fold electricity price increase:
➡️Excessive profits of inframarginal technologies (nuclear, hydro, renewables)
➡️Gas scarcity
🧵 Thread
The proposals imply a big step #forward in our understanding of how #electricity markets should be designed
And watch out 🔊 because emergency measures pave the way to #structural reform!
Some key reasons & thoughts...
And watch out 🔊 because emergency measures pave the way to #structural reform!
Some key reasons & thoughts...
1/ Acknowledging that not all technologies should be paid at the cost of gas-fired generation is equivalent to acknowledging that:
📢 a single *technology-neutral* *energy-only* market design is not adequate – under emergencies & beyond
📢 a single *technology-neutral* *energy-only* market design is not adequate – under emergencies & beyond
