About Eu energy storage proposal
On 14 December 2023, the Council and Parliament reached a provisional agreement to reform the EU's Electricity Market Design (EMD), with the goal of reducing dependence on volatile fossil fuel prices. The text emphasises energy storage as a key solution in achieving energy security and decarbonisation.
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6 FAQs about [Eu energy storage proposal]
What does the European Commission say about energy storage?
The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a staff working document, providing an outlook of the EU’s current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment.
Why should EU countries consider the 'consumer-producer' role of energy storage?
It addresses the most important issues contributing to the broader deployment of energy storage. EU countries should consider the double 'consumer-producer' role of storage by applying the EU electricity regulatory framework and by removing barriers, including avoiding double taxation and facilitating smooth permitting procedures.
What is a commission recommendation on energy storage (c/2023/1729)?
A Commission Recommendation on energy storage (C/2023/1729) was adopted in March 2023. It addresses the most important issues contributing to the broader deployment of energy storage.
Can energy storage help the EU decarbonise its energy supply?
A number of EU countries have also teamed up for ' Important Projects of Common European Interest ' on batteries research and innovation. Energy storage can help increase the EU's security of supply and support decarbonisation.
Should energy storage be utilised in the design and operation of networks?
The Commission also encourages further exploiting the potential of energy storage in the design and operation of the networks. Some recommendations also address challenges related to a need for long-term visibility and predictability of revenues to facilitate access to finance (for example monetising services provided).
Should energy storage be included in network charges and tariff schemes?
In concrete terms, the Commission is recommending EU countries to consider the specific characteristics of energy storage when designing network charges and tariff schemes and to facilitate permit granting. The Commission also encourages further exploiting the potential of energy storage in the design and operation of the networks.
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