/ Publications / Capacity remuneration mechanisms in the EU : today, tomorrow, and a look further ahead
Electricity | Working Paper
Capacity remuneration mechanisms in the EU : today, tomorrow, and a look further ahead
15 September 2021
Authors: SCHITTEKATTE, Tim; MEEUS, Leonardo
In this paper, we discuss the implementation of Capacity Remuneration Mechanisms (CRM) in the European Union (EU). We first illustrate that the costs of CRMs in the EU are significantly lower than in the US. Next, we discuss how the Clean Energy Package (CEP) intends to limit the future role of CRMs. Two steps are introduced to check if CRMs are really needed: a European resource adequacy assessment and a national implementation plan to improve current electricity market design. In case residual adequacy concerns persist, the CEP also includes provisions to guide the design of a CRM. Last, we discuss the role of the consumer in securing resource adequacy in the future.
Large-scale CO2 transport infrastructure is crucial for achieving decarbonization goals, yet its deployment remains slow. This paper maps emerging CO2 transport governance models across two dimensions: State-led policies and Economic [...]
The aviation industry is leading the technological revolution in transport and is focusing on improved safety, efficiency and sustainability. Single European Sky ATM Research (SESAR) is the European Union’s flagship [...]
We use cookies to help personalise content and provide a better experience. By clicking Accept all, you agree to this, as outlined in our Cookie Policy. To change preferences or withdraw consent, please update your Cookie Preferences.