KEY DEVELOPMENTS
Reform of Internal Market in Electricity and
Gas
The Council has endorsed the amendments to the internal market
in electricity
Regulation and
Directive, and the Recast
Regulation and
Directive on the internal market for renewable gas, natural
gas, and hydrogen.
The instruments are due to be published in the OJEU and enter
into force 20 days after publication. They represent significant
reform.
As regards electricity, the reforms recognise that the wholesale
market price for energy is not necessarily appropriate to attribute
to other elements of the energy system. A new aim of the Regulation
is supporting long-term investment in renewable generation,
flexibility and grids. Capacity mechanisms are no longer considered
to be temporary measures of last resort, and there will be a
process at EU level to simplify their adoption. There is also a
framework to recognise the place of support schemes for renewable
generation and non-fossil fuel
