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Hydrogen Europe and five other associations have released a joint statement on the Electricity Market Design and the need for an integrated system perspective. The signatories all represent energy carriers and providers of integrated energy solutions.
The letter commends the EU’s focus on flexibility in the review of the electricity market design, with clear definitions for flexibility being essential, the letter says, “to harness both the flexibility potential of existing assets and the roll-out of new low-carbon flexible assets.”
The signatories argue that flexibility provided via “an integrated energy system approach that adequately considers the benefits of a decarbonised gas system and of existing and less carbon-intensive solutions” will be the quickest path to an affordable and climate-neutral power system. Simply put, flexibility will lower costs and increase system optimisations.
The letter recommends that legislators support all types of flexibility – including climate-neutral fuels – in a level playing field, and to provide coherent investment signals for long-term flexibility, ensuring all types of technologies and services can access support equally.
A tech-neutral, high flexibility approach to electricity market design is crucial to allowing the use of all tools at our disposal in the race to decarbonise.
Click here to read the joint statement.