Renewables Energy Directive II: Europex and EFET call for ambitious reform

Brussels, 17 February 2016 | EFET and Europex address priorities on new Renewable Energy Directive to the Commission.

The European Federation of Energy Traders (EFET) and the European Association of Energy Exchanges (Europex) explicitly welcome the Commission’s work on a new Renewable Energy Directive (RED II). Given that the size and the impact of the renewable generation on the market are no longer negligible, REDII needs to take the next consequent step. Hence, the new Directive must reform the existing policy framework towards a full integration of RES-E into the energy-only market. In parallel, the EU ETS should be strengthened as the central market instrument to decarbonise the European economy. This is crucial for the cost-efficient achievement of EU 2030 climate and energy targets.

Among the top priorities of the EU climate and energy policy going forward EFET and Europex identify the following:

  • Full consistency between European climate policies and the EU’s internal energy market
  • Full integration of RES-E into the wholesale electricity market
  • Fully market-based utilisation of the grid with equal rules for all generation, storage and demand capacities
  • Continued retail market promotion of RES-E through existing Guarantees of Origin market.

Please find the entire press release attached.

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