The EU channels me

The new energy market paper gets stuff right

The draft of the electricity market reform has leaked and it is music to my ears...

Power purchase agreements and contracts for difference not only provide consumers with stable prices, they also give renewable energy suppliers reliable revenues. This lowers their financial risk and greatly reduces their cost of capital. This creates a virtuous circle where stable revenues lower costs and boost demand for renewable energy.

and

Where Member States decide to set out direct price support schemes for new investments in low carbon, non-fossil fuel electricity generation to achieve the Union's decarbonisation objectives, they should be structured to include, in addition to a revenue guarantee, an upward limitation of the market revenues of the generation assets by way of two-way contracts for difference or other equivalent contractual formulations.