What Regulation (EU) 2024/1747 of the European Parliament and of the Council of 13 June 2024 amending Regulations (EU) 2019/943 and (EU) 2019/942 as well as Directives (EU) 2018/2001 and (EU) 2019/944 to improve the Union’s electricity market design requires
This regulation reforms the EU's electricity market to protect consumers from price volatility and accelerate the transition to renewable energy by promoting long-term contracts, such as Power Purchase Agreements (PPAs) and two-way Contracts for Difference (CfDs), for new power-generating facilities (Article 1, amending Regulation (EU) 2019/943, Articles 19a and 19b). It applies to Member States, national regulatory authorities, transmission system operators, and energy market participants across the EU.
Pillar: Energy & Utilities · Authority: European Parliament and the Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1747
SHA-256 integrity: 1c46748e3819bd55f582ace8a6ba775a96e466fd0dffcff9b58abef523543883
Primary Citations — 7 traced to source
- Regulation (EU) 2024/1747, Article 1, point (10), amending Regulation (EU) 2019/943, Article 7a 'Peak shaving'
- Regulation (EU) 2024/1747, Article 1, point (13), amending Regulation (EU) 2019/943, Article 19a 'Power Purchase Agreements'
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