On Monday 9 December, 12 industry associations unveiled a set of six key actions that the new European Commission should take to accelerate electrification and boost European competitiveness, as part of the Antwerp Dialogue, co-organised by the European Chemical Industry Council (CEFIC), European Aluminium and Eurelectric.
Among the actions presented, the signatory associations stress the importance of introducing PPA-type direct contracts and other forms of long-term contracts such as two-way contracts for difference (CFDs) in order to increase “predictability to energy producers and consumers”.
While the reform of the electricity market is a step in this direction, the signatories believe that the implementation of the reform’s provisions is “lagging behind”. In particular, they suggest that the European Investment Bank (EIB) should set up a specific lending window and provide financial guarantees to reduce risks and provide greater incentives for industry to enter into PPAs.
The 12 associations are also calling for the funding of low-carbon technologies for industrial consumption and production to be encouraged, for an electrification bank and new accelerated electrification zones to be created with “streamlined permitting procedures for industrials”, and for taxes and levies on electricity to be lowered and flexibility solutions to be developed to balance supply and demand.
The recommendations: https://aeur.eu/f/ept (Original version in French by Pauline Denys)