European Union governments and the bloc’s executive arm are splitting over how to guarantee electricity supply as the region builds more renewable power……..
Germany, France and the U.K. are following nations from Spain to Greece in developing programs called capacity mechanisms to pay utilities to keep plants on standby from as early as 2016. The European Commission instead plans a single energy market by the end of the year and from today will link supply and demand in 15 markets through a daily auction…….
………Nations are seeking to prevent blackouts as utilities plan the biggest-ever wave of shutdowns of unprofitable power plants……
An interesting political game is being played. Commitment to EU energy emission targets has led to the shutdown of plants, which is now threatening blackouts and energy security at the nation level. Having created the problem, the EU now wishes to force the solution via a shared energy market. It seems that nation states are still holding out though.