Sector association Eurelectric, representing the common interests of the electricity industry at a European level, has delivered a list of proposals focused on protecting companies against the pandemic’s financial impact.
The association’s proposals include compensation for suppliers as well as their protection against excessive consumer debt resulting from the crisis.
The association recommends the establishment of state support programs to help consumers cover the costs of outstanding electricity bills.
Eurelectric also calls for a monitoring effort to identify possible energy shortages and lack of personnel at energy companies.
The association wants appropriate measures adopted to counter major financial impact anticipated by energy companies as a result of reduced electricity demand and prices. Government measures supporting energy-transition investment plans of companies have also been requested.
Other Eurelectric recommendations include the establishment of a long-term RES plan offering clarity and security for investors.
The association also points out the need for a mechanism designed to recover excessive debt related to the coronavirus crisis.