Europe’s new energy market design: a step forward for energy democracy
In December 2018, EU legislators hammered out a political agreement on a new energy market design. As the dust settles, it’s time to determine whether all Europeans will have the tools to become active energy citizens. Josh Roberts takes a look. Europe’s energy market design: finding a new approach Europe’s energy policy is outdated. Regulation still supports a centralised energy system dominated by large companies that produce energy from nuclear and dirty fossil fuels. If we are to address the climate crisis, our energy system must be rapidly decarbonised. The good news: the momentum is there. Renewables are becoming cost-competitive and flexible, the energy system is becoming more decentralised, and technology now allows citizens to become active – individually and through community initiatives. This trend will only continue. According to a CE Delft study, almost half of EU households could produce renewable energy by 2050, about 37% of which could come through involvement in a cooperative. The study concludes that when demand response, energy storage and energy efficiency are included, 83% of Europe’s citizens could participate … Continue reading Europe’s new energy market design: a step forward for energy democracy
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