For years European policymakers have been working toward an integrated, competitive energy system. Now the Clean Energy for All Europeans package directs Member States to develop a decarbonised, cost‑efficient energy system that provides consumers with access to affordable and secure energy. The urgency of this task is further heightened by climate concerns. Power sector regulation needs to develop in concert with these changes. Performance-based regulation is a powerful tool to help policymakers create a regulatory framework that rises to the current challenges. It can help network companies contend with issues from rising amounts of variable renewable energy sources and increases in prosumerism, decentralised generation and demand from electrification of the heating and transport sectors.
RAP 26th June 2019 read more »