Anna Gumbau is a freelance energy and climate journalist based in Brussels. She mainly covers the European Green Deal and its impact on central and eastern Europe. Prior to going freelance, she was Carbon Pulse’s Brussels correspondent, and an energy reporter with Interfax Global Energy Services in London.
EU energy companies are anxiously waiting for the bloc’s 27 governments to deliver revised National Energy and Climate Plans, due at the end of the month, which could help drive much-needed investments in renewables.
The European Commission is planning an overhaul of the EU’s electricity market design, but the power sector is warning against any radical changes and fears the move to reform the wholesale market will hamper investor confidence.
Six months ago Spain and Portugal introduced the so-called ‘Iberian exception’, a cap on wholesale gas prices to reduce the cost of electricity. Now Brussels has finally agreed on an EU-wide cap. What can the bloc learn from the Iberian experience?
The new ‘green energy corridor’ agreed between France, Spain and Portugal is promising for green hydrogen, but will do little to ease Europe’s current energy security concerns and might still lock the region into additional gas infrastructure.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Amid calls from some EU governments to revamp the EU’s electricity market design, experts argue that the market does not need ‘quick fixes’ but long-term price signals to spur investments in flexibility and emerging technologies.
Portugal shut down its two remaining coal-fired power plants at the end of 2021, showing that an ambitious coal exit is possible through a combination of carbon pricing, renewable energy investment and just transition planning.