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Press review


UFE - Press review of 27/07/18

PASCAL CANFIN COMMISSIONED BY THE MINISTERS FOR ECOLOGY AND ECONOMY TO WORK ON THE CARBON PRICE
Pascal Canfin, Director General of WWF France, and Philippe Zaouti, President of Finance for Tomorrow, will work together "to develop public guarantees and reduce the climate investment gap" according to an I4CE tweet. The engagement letter states that "carbon pricing policies are necessary to provide clear and credible price signals to the private sector”.
Source: Contexte, July 26th, 2018
PUBLIC SUPPORT TO RENEWABLE ENERGIES REDUCED IN 2017/2018 IN FRANCE
En savoir plus... In a decision published on July 12th, the French energy regulator (CRE) assessed the 2019 public service charges and corrected its 2017 and 2018 estimates. In 2017 and 2018, the amounts of charges recorded for electricity were respectively 3% and 6% lower than anticipated, thanks to the increase in the wholesale price of electricity and the decrease in the purchase cost of renewable energies. For 2019, the total amount of public support to electricity is estimated at 7,755 M€, which is 12% more than in 2017. This trend can be explained by the continuous development of the production sector (e.g. wind power +205 M€), combined with an anticipated return to normal hydroelectric production, which suffered from a rainfall deficit in 2017, and an anticipated increase in additional tariff equalisation costs of the Non-Interconnected Zones (+100 M€). N. B.: Since 1 January 1st, 2017, support to renewable energy sources has been financed by the domestic tax on the consumption of energy products (TICPE), which applies to oil consumption.
Source : Decision of the ‘Commission de Régulation de l'Energie’ n°2018-156 July 12th, 2018
ENERGY SUPPLIERS HAVE STARTED OFFERING ASSISTANCE AND REPAIR SERVICES "FURTHER AND FURTHER AWAY FROM THEIR CORE BUSINESS"
Until now, energy suppliers have been dedicated to energy-related services (installation and boiler repairing), but they are now opening up to new activities of assistance and repairing of plumbing, locksmithing, household appliances and even glazing, points out the consultancy Watts Next. These new services represent a "very significant" additional revenue for suppliers, estimated at around 15-20% of additional turnover per customer compared to the excluding VAT supply share in the energy bill.
Source : Enerpresse, July 18th, 2018.
MEPS PUBLISHED THEIR DRAFT REPORT ON THE CEF
Following the publication by the European Commission of its proposal for a post-2020 multiannual financial framework last June, MEPs M-J. Marinescu, H. Virkkunen and P. Telicka published on July 13th, their draft report on the budget potentially allocated to the Connecting Europe Facility (CEF). In this report, the co-rapporteurs support the Commission's proposal to allocate EUR 8.7 billion under the CEF, proposing that this sum should not be a ceiling but a fixed budget. MEPs "regret the lack of ambition in terms of budget allocation to general and cohesion budget" for the transport component of the CEF. They stress the need for massive development of pan-European network infrastructures and call for greater synergies between the energy, digital and transport sectors.
Source: European Parliament, July 13th, 2018
EMMANUEL MACRON PARTICIPATED IN THE EUROPEAN SUMMIT BETWEEN FRANCE, SPAIN AND PORTUGAL ON REGIONAL ENERGY COOPERATION
On July, 27th, French President Emmanuel Macron took part in a summit alongside Portuguese Prime Minister Antonio Costa, Spanish Prime Minister Pedro Sanchez and European Commissioner for Climate Action Miguel Arias Cañete to strengthen energy integration in the Iberian Peninsula. On this occasion, the Heads of State and Government signed the Lisbon Declaration calling for a stronger regional cooperation in renewable energy and energy efficiency development between the three countries. They also agreed on a EUR 578 million budget dedicated to the Bay of Biscay electricity interconnection project under the Connecting Europe Facility.
Source: European Commission, July 27th, 2018
BELGIUM PLANS A CAPACITY MARKET FROM 2025 ONWARDS
The Belgian Council of Ministers approved on July 20th, a draft legislation allowing the introduction of a capacity remuneration mechanism as of 2025, replacing the current strategic reserve that has existed since 2014. This decision follows the publication of a study made by the Belgian transmission system operator Elia specifying that Belgium will need an additional capacity of 3.6 GW in 2025 in order to ensure the security of supply of the country. This capacity market, the first auction of which should be scheduled in 2021, will be notified to the European Commission's Directorate-General for Competition in order to validate its compliance with European state aid regulations.
Source: Enerpresse, July 25th, 2018

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