The Capacity Market Code removes or restricts payments to fossil fuel generators and allows cross border participation in Capacity markets, arising from the Clean Energy Package (CEP). We look at some of the other potential changes in the way EirGrid and SONI operate our energy system arising from the implementation of the CEP.
The EU’s CEP is a series of eight legislative acts adopted by the European Parliament and European Council in 2018 and 2019 to fulfil the EU’s Paris Agreement commitments. The purpose of the CEP is to enable the EU to transition to cleaner energy and facilitate a 40% reduction in greenhouse gas emissions by 2030 compared to a 1990 baseline. The main areas of focus of the CEP are:
- Energy efficiency.
- Renewable energy.
- Consumer protection and affordability.
