European renewable energy associations SolarPower Europe and WindEurope have expressed their opposition to any moves by the European Commission for a lower maximum electricity price on renewables than on fossil fuel energy, noting this would endanger the energy transition.
EU member state energy ministers are meeting today in search of emergency measures to protect bill payers.
Speaking earlier this week, European Commission president Ursula von der Leyen announced the EU executive’s desire to cap wholesale electricity prices as separate measures for low-carbon and fossil fuel generators.
Von der Leyen set out revenue limits for renewables and nuclear power companies as the second of five energy crisis measures put forward by the commission, with a similar move for fossil fuel companies labeled the third measure.
This implies that the proposed income ceilings could be set at different levels for low-carbon and conventional power generators. That prospect was opposed by SolarPower Europe, which called for any limit on energy company revenue to be applied “after market clearing.”