Bratislava Memorandum: CEEP members ask for a fair energy transition

Bratislava Memorandum: CEEP members ask for a fair energy transition

CEEP members are urging 100% free EUAs for energy-intensive industries, such as chemicals, fertilizers, refineries, and steel, until 2030, as well as a 100% derogation for power plants that use new technologies with a 43% energy efficiency (lignite) and 45% (coal). Moreover, they request the strengthening of the beneficiary Member States’ con-trol over the Modernisation Fund, and ask for the right to give subsidies to indigenous fossil fuels, to the extent decided by each Member State. These are the main recom-mendations of the ‘29+1’ Annual Energy Summit, organised by Central Europe Energy Partners (CEEP), in co-operation with GLOBSEC, on October the 27th–28th, in Bratislava. CEEP members – who comprise Central Europe’s leading energy and energy-intensive companies – entered into a comprehensive dialogue with the European Commission’s Vice-President in charge of Energy Union, Maroš Šefčovič, only weeks before the publication date of the European Commis-sion’s legislative ’Energy Union Package’. In this context, they underlined that the security of supply in the electricity sector should take into account different electricity mixes across the EU Member State and it should also address the power availability for trade and market transactions. “The new proposed target of 15% of electricity interconnections for 2030 should be thoroughly analysed as it can negatively affect the electricity markets in Central Europe, given their limited ability to transport the unscheduled loop flows that prohibit proper market exchanges. This can substantially influence the flows of energy in the Member States making the whole system unstable” said Eryk Kłossowski, Chairman of the Board of Directors of Central Europe Energy Partners. The Bratislava Memorandum, which was handed to Commissioner Šefčovič on [...]