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EFET expresses concerns about the revised draft EEAG in a letter to the European Commission
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The European Federation of Energy Traders (EFET)1 welcomes the decision of the
European Commission to review the draft Guidelines on Environmental and Energy Aid
(EEAG). The transition to a truly competitive internal European energy market is a crucial
step, which requires sustainable policy choices. National renewable energy support
schemes have created market distortions and have had a detrimental effect on competition
and liquidity. Undistorted price signals are needed to compensate sound investment, to
trigger new investment, and to keep costs to consumers low.
In a letter2 to the European Commission, EFET expressed concerns about several aspects
of the revised EEAG. We encourage the Commission to take into account the following:
• No national support scheme should in future discriminate against sellers of imported
RES sourced electricity, nor against an exporting generator/ trader.
• Renewable electricity generators should assume responsibility for balancing.
• Exemptions from auctioning could make the framework uncertain.
• Capacity Remuneration Mechanisms should be fully market-based, taking account
of generation adequacy and power plant availability on a cross-border basis,
and allowing for effective competition among all capacity providers.
• A clear date for all support schemes to comply with the new rules is needed.
The tremendous growth of renewable electricity generation in the past years has already
established RES producers as a cornerstone of power supply in many parts of Europe.
Therefore, we believe that it is also time for them to take their share of responsibility in
ensuring the sustainability of the power system.
For further information, please contact:
Irina Nikolova, EFET Policy and Communication Associate
E-mail: I.Nikolova@efet.org, Tel: +32 (0) 2 737 11 02
1
The European Federation of Energy Traders (EFET) promotes and facilitates European energy
trading in open, transparent, sustainable and liquid wholesale markets, unhindered by national
borders or other undue obstacles. We currently represent more than 100 energy trading companies,
active in over 27 European countries. For more information, visit our website at www.efet.org.
2
The EFET letter to the European Commission is available at:
http://www.efet.org/Cms_Data/Contents/EFET/Folders/Documents/EnergyMarkets/ElectPosPapers/~
contents/FZ32GQVVHPUKETUD/EFET-letter-on-the-draft-EEAG.pdf