Utility Week

Uberflip 15 11 13

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Policy & Regulation Market view Intervention sans frontieres The European Commission has some advice for member states on support schemes for renewables, capacity mechanisms and consumer incentives, with a view to making them work across borders. O n 5 November the European Commission published guidance to member states on the design and reform of national support schemes for renewables, the design of capacity mechanisms to ensure continuous supply of electricity when generation fluctuates, and enhancing the role of consumers with incentives to use electricity when it is cheapest and most plentiful. A recurring theme is the need to overcome barriers to the internal energy market created by national support schemes with, for example, co-operation mechanisms between member states. Also, the Commission intends to deepen its analysis of comparative costs of different electricity generation technologies in its upcoming report on drivers for energy prices, which will be followed by an in-depth study on full costs and subsidies of the various technologies by June next year. The guidance covers not only renewable support schemes but also best practice in managing any process for reforming the support on offer. The Commission recognises the difficult balancing act required to benefit from cost reductions for delivering renewa- bles while providing investor certainty. It highlights long-term legal commitments on timing and phasing out of support, the announcement of automatic reductions in support, planned review periods, wide and public consultation on scheme design, and stable scheme financing linked to consumption and off-budget financing. The guidance covers various support schemes including feed-in tariffs and green certificates. It emphasises the Commission's wish to see feed-in tariffs replaced with what are described as feed-in premiums (which On behalf of Welsh Government For sale Land at Waterston, Milford Haven, Pembrokeshire SA73 1DR • Two strategically important development sites within the Haven Waterway Enterprise Zone • Site B – 22.2 hectares (55 acres) with potential for power generation or energy related use • Site C – 29 hectares (72 acres) with potential for port or energy related development, part of the only remaining site at the Haven with potential for deep water access • Adjoins SEM Logistics tank storage and Dragon LNG • Rail access potentially available Contact: stuart.munro@knightfrank.com 029 2049 2492 rhys.morgan@knightfrank.com 029 2049 2492 KF_Utility Week_HPC_Land at Waterston.indd 1 16 | 15th - 21st November 2013 | UTILITY WEEK 06/11/2013 16:00

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