Interview Maroš Šefčovič, VP Energy Union: “I made the promise 2016 would be year of delivery and I intend to keep it”

photo Europe by Satellite

“If we want a cost-effective transition to a low-carbon economy, we have to create an internal energy market where European rules apply”, says Maroš Šefčovič, the European Commission’s Vice President for the Energy Union, in an exclusive interview with Energy Post. According to Šefčovič, “big parts of our energy market are [still] overregulated”. To take a decisive leap towards the Energy Union, the Commission has decided to put all its energy … [Read more...]

The new EON, the new Johannes Teyssen: “The future is state-led renewables, stop dreaming of perfect Energy Union and Emission Trading System”

Johannes Teyssen (photo Eon)

In one of his first in-depth interviews since the restructuring of EON, CEO Johannes Teyssen sets out a completely new vision of where he sees European energy markets and policies going. The future according to Teyssen is: distribution much more than transmission; state-led renewables auctions and capacity markets, not wholesale energy-only markets; carbon taxes or floor prices, not carbon trading or emission trading; higher energy efficiency … [Read more...]

The Big Chill: why the Energy Union is on hold [premium content]

European Parliament Brussels (photo Xabier Zaldua)

Terrorist attacks and  the spectre of Brexit have cast a shadow over Brussels, including the great Energy Union project. But there are deeper reasons why the Energy Union, one of the top priorities of the European Commission, is running into serious difficulties. Power markets are still overwhelmingly determined by national policies and member states resist EU-wide initiatives in many crucial energy policy areas, writes Sonja van Renssen.  … [Read more...]

ETS reform: how will it affect CO2 price? [PREMIUM CONTENT]

EPW6-2-cement factory photo Astrid Westvang

The MEP in charge of reforming the EU Emission Trading Scheme (ETS) has finally revealed his thinking. MEP Ian Duncan’s proposals open the door to more ambitious emissions cuts in the wake of the Paris climate deal and beef up a new Innovation Fund. But his most significant suggestion is a “tiered” approach to carbon leakage, which would give some industries more free allowances than others. So what does it all mean for the carbon price? … [Read more...]