Electricity: The General Court of the European Union confirms the European Commission’s decision approving a modification of the Italian electricity capacity mechanism (Tirreno Power / Set)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. In order to address the failures of the electricity market, due in particular to the intermittency of certain resources, and to guarantee the availability of a sufficient amount of electrical capacity, the Italian authorities wished, in 2017, to set up a capacity mechanism. Specifically, this involved concluding, following a selection through auctions, capacity contracts with electricity suppliers, who, in return for the payment of a fixed premium, undertook to supply electricity during periods of tension on the grid but also to pay the difference between the market price and the predetermined strike price if the former was higher than the latter

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  • European Court of Justice (Luxembourg)

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Raphaël Vuitton, Electricity: The General Court of the European Union confirms the European Commission’s decision approving a modification of the Italian electricity capacity mechanism (Tirreno Power / Set), 7 September 2022, Concurrences N° 4-2022, Art. N° 109601, pp. 111-113

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