This week the Council of European Energy Regulators, CEER, published its Status Review of Renewable Support Schemes in Europe for 2020 and 2021. This report constitutes the latest update to the regular CEER Status Reviews on Renewable Energy Sources (RES) support and builds on the previous CEER reports.
The publication collects comparable data on support for electricity from RES in Europe by technology and type of instrument. It provides policymakers, regulators and industry participants with key information to inform and improve future support scheme designs, thereby reducing costs for consumers.
This latest RES Status Review shows that:
- A wide range of instruments are used to promote RES, such as investment grants, feed-in tariffs, feed-in premiums, and Green Certificates.
- The weighted average support for RES, on top of the wholesale price, decreased from 109 €/MWh in 2020 to 83 €/MWh in 2021.
- Solar PV still had the highest average support level in 2021 with around 136 €/MWh.
- The proportion of gross electricity produced receiving RES support differs widely from one country to another, ranging from 4% in Slovenia to 43% in Ireland, with an average of 23% across CEER member countries in 2020.
- The rise of the average market value in 2021 to 88 €/MWh indicates a declining need for support.
- Non-tax levies are still the most utilised type of funding for the support schemes.
- In terms of market integration, RES installations increasingly have the same financial responsibility as conventional plants for electricity balancing, at least above a certain threshold of capacity installed.
The new report is available here.
External link
Energy in Demand - Sustainable Energy - Rod Janssen 