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ARTICLE · 14 APRIL 2023

EU Electricity Market Reform: Offshore Grid Access

The Commission has proposed to revise elements of the Clean Energy Package to support development of offshore wind, a sector in which Ireland aspires to reach 7GW of new generation capacity by 2030.

European UnionEnergy and Natural Resources

The Commission has proposed to revise elements of the Clean Energy Package to support development of offshore wind, a sector in which Ireland aspires to reach 7GW of new generation capacity by 2030.

A Proposal for a Regulation would amend the Internal Market in Electricity Regulation ((EU/2019/943) and Directive ((EU) 2019/944).

Recitals state that to reduce investment risk for offshore project developers and ensure projects have full access to surrounding markets, TSOs should guarantee access of the offshore project to the capacity of any hybrid interconnectors for all market time units.

Under the IME Regulation, when allocating congestion income, priority currently is given to guaranteeing availability of the allocated capacity and to maintaining or increasing cross-zonal capacity.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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