EURELECTRIC will launch its Power Choices Reloaded study at a lunch debate hosted by MEP Romana Jordan and attended by representatives from EUROSTAT.
Power Choices Reloaded revisits EURELECTRIC's 2009 study to estimate a variety of policy packages, focusing on assessing costs in a slow-and-steady approach to decarbonisation in contrast to a delayed action ("lost decade") scenario.
In March 2009, sixty-one electricity companies representing over 70% of EU power generation signed a Declaration committing to action to achieve carbon-neutrality by 2050. Economic and political assumptions for achieving carbon-neutrality have changed significantly since then. European policy is sending conflicting and contradictory signals, which increases market uncertainty.
Carbon-neutrality by 2050 requires continuous investment by the power sector into new generation assets, new storage, smart technologies and new grids. Enhanced research and development is necessary. But the case for investment and research in the power sector depends crucially on the strength of the carbon signal that European policy is giving to the economy as a whole.
EURELECTRIC is the sector association representing the common interests of the electricity industry at pan-European level, plus its affiliates and associates on several other continents.