The large electricity companies ask to triple investment in networks

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The large electricity companies want to convey the need for Europe to be aware that to ensure the energy transition objectives and the desired security of supply it will need to deploy an "enormous amount" of renewable energy plants, heat pumps and electric vehicles that a network will require. electric sized for those needs. Market reform to encourage investment "Market reform is especially key, since statistics show that we need to double investment levels in both generation and networks by 2040," said the European employers' association in a statement in which it calls for tripling current investment in networks until guaranteeing a minimum investment of 69 billion euros annually in.

The private sector to collaborate in financing needs, it is necessary, according to the electricity industry, to improve long-term contracting instruments (Power Purchase Agreement, PPA) and CFD coverage, the latter of a Job Function Email Database voluntary nature. . This provides investors with long-term visibility and ensures consumers are protected from price volatility. End of emergency measures Euroelectric also calls for an end to emergency measures and price caps implemented in response to the crisis following the invasion of Ukraine, and to establish more flexible financial rules that allow liquidity for market participants. At the same time, they consider it necessary to end the general coverage requirement for electricity marketers and guarantee their resilience with financial stress tests.



Urgent action The European electricity employers' association has indicated in a statement that for Europe to meet the objectives set for 2030 "urgent action is required, since there are less than seven years left for the stipulated date and success in meeting the agreed objectives will require protecting the trust of consumers. investors. ", move forward with determination in electricity generation and networks, as well as defend competitiveness and modernize networks to optimally manage more and more connections.