French utility EDF is calling for “rapid and radical reform” of Europe’s electricity market structure to allow for future investments in new generating capacity. This is needed, it says, to “face up to current challenges of the energy transition and to consumers’ expectations”. EDF chairman and CEO Jean-Bernard Lévy said in a statement yesterday, “Through its energy mix and its significant investment efforts, EDF actively supports the work undertaken by the European Commission in the energy sector, and calls for a redefinition of the European electricity market model in order to reconcile consumers’ interests with the transition to a low carbon world.” The company said it sees “two key actions” that should be prioritized in reforming the market model in order to provide a low-carbon electricity mix in Europe. Firstly, it calls for a “significant” floor price for carbon dioxide to be established within the EU to encourage investment in generation facilities using non-fossil fuels. According to EDF, this floor price should be set at a minimum of €30 to €40 ($33 to $44) per tonne. Secondly, EDF seeks the promotion of “effective capacity mechanisms so as to ensure that the continent has long-term security of energy supply, despite market turbulence, and in the best interest of all customers”.
World Nuclear News 24th Feb 2016 read more »