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TRENDING
ICIS LAUNCHES A
COMPARISON STUDY OF
EU RENEWABLE ENERGY
SUBSIDY SCHEMES
I
CIS has just published a comparison
study of renewable energy subsidy
schemes throughout Europe. With
this Market Insight Paper, ICIS explores
the different paths that Germany, Poland
and the UK have chosen on their way to
achieving their renewable targets and
a cost reduction for the installation of
renewable technologies.
All three countries chose to support
renewable generation with a market
premium on top of the electricity wholesale
price for non-micro generation. In order
to fuel the transformation of their power
sector towards more renewable capacity,
Germany and the UK – and to a large
extent, also Poland – have launched
technology-specific auctions.
“In Germany and the UK, the first auction
results have shown a high degree of cost
degression,” said Marcus Ferdinand, Lead
Analyst EU Power & Carbon Analytics at
ICIS. “This trend of decreasing prices for
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renewables shows the competitiveness
of renewable sources, but puts forward
challenges for project developers, suppliers
and investors who will have to adapt quickly
to the changing market environment.”
The insight paper was written by our analysts
and editors as part of a new online tool called
Power Perspective, which brings together the
policy and regulation framework of energy
markets throughout Europe.
“Power Perspective is the missing link
in energy markets; it allows the user
to compare the fast-changing energy
regulation and policy landscape almost in
real time,” said Philipp Ruf, Director – EU
Power & Carbon Analytics at ICIS.
“Rich data sets combined with intelligent
filter options allow the user to adapt the
product to everyone’s unique needs, acting
as a powerful filtering option,” he noted.
Marcus Ferdinand said that changes to
renewable policies are a main driver for long-
term power price developments.
“Spanning all 28 EU power markets, Power
Perspective is the first analytical tool that
enables cross-border comparisons to spot
investment opportunities, trends and
trading opportunities.” n
“
CHANGES TO
RENEWABLE
POLICIES ARE
A MAIN DRIVER
FOR LONG-TERM
POWER PRICE
DEVELOPMENTS.
INTELLIGENTCIO
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