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Designing Financing Mechanisms for Electricity from Renewable Energy Sources: The Role of the European Commission as an Agenda Shaper

  • David Jacobs
Chapter
Part of the Lecture Notes in Energy book series (LNEN, volume 28)

Abstract

This chapter focuses on the agenda-shaping role of the European Commission with respect to support mechanisms for renewable energy sources in an increasingly integrated European electricity market. We analyse the role of the European Commission as an agenda-setter in trying to influence the design of these finance mechanisms over the past two decades. The European Commission at times pursues two contradictory objectives. On the one hand, the European Commission is eager to establish low-carbon electricity system in Europe—with an increasing share of renewables. On the other hand, the European Commission is the guardian of a common European market, trying to establish a level playing field in the European electricity sector for all power generation technologies. We argue that the European Commission has failed with two attempts to harmonise finance mechanisms in the usual co-decision-making process. Consequently, the European Commission is now trying to influence national policy decisions indirectly via state-aid guidelines, which can be implemented without a formal consensus within the European Parliament and EU member states.

Keywords

Electricity Market Spot Market Renewable Electricity Investment Security Power Generation Technology 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London 2015

Authors and Affiliations

  1. 1.Environmental Policy Research Centre (FFU)Department of Political and Social Sciences, Freie Universität BerlinBerlinGermany

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