2 Amendments of Günther SIDL related to 2023/0077(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1 – introductory part

(1) Energy is not a commodity like any other, but an essential basis of our economic and social system. Therefore, energy supply is classified as a service of general interest. The main task of the energy sector is a secure, affordable, and sustainable supply of energy. Consumer prices for electricity must reflect actual production costs (plus an appropriate profit mark-up). This means that the wholesale price must correspond to the average costs of all types of electricity production and not the maximum price, as is currently the case. In order to ensure an appropriate remuneration for electricity producers, investment security and the expansion of renewable energy, technology-dependent prices are necessary. Article 1 is amended as follows:

2023/05/25
Committee: ITRE

Günther SIDL

Proposal for a regulation
Article 1 a (new)

Article 1 a Mandatory cap on market revenues: 1. Market revenues of producers obtained from the generation of electricity from the sources referred to in Article 7(1) shall be capped to a maximum of 100 EUR per MWh of electricity produced. 2. Member States shall ensure that the cap targets all the market revenues of producers, regardless of the market timeframe in which the transaction takes place and of whether the electricity is traded bilaterally or in a centralised marketplace. 3. Member States shall decide whether to apply the cap on revenues at the settlement of the exchange of energy or thereafter. 4. Without prejudice to paragraph 1, Member States shall maintain or introduce measures that further limit the market revenues of producers with regard to their actual production costs, provided that these measures are proportionate and non-discriminatory, do not jeopardise investment signals, ensure that the investments costs are covered, do not distort the functioning of electricity wholesale markets, and are compatible with Union law. Application of the cap on market revenues to electricity producers 1. The obligation in Article 6 shall apply to the market revenues obtained from the sale of electricity produced from the following sources: (a) wind energy; (b) solar energy (solar thermal and solar photovoltaic); (c) geothermal energy; (d)hydropower without reservoir; (e) biomass fuel (solid or gaseous biomass fuels), excluding bio-methane; (f) waste; (g) nuclear energy; (h) lignite; (i) crude oil and other oil products. 2. The cap provided for in Article 6(1) shall not apply to demonstration projects or to producers whose revenues per MWh of electricity produced are already capped as a result of State measures. 3. Member States may, notably in cases where the application of the cap provided for in Article 6(1) leads to a significant administrative burden, decide that the cap does not apply to producers generating electricity with power- generating facilities with an installed capacity of maximum 20 kW.

2023/05/25
Committee: ITRE

2 Amendments of Günther SIDL related to 2023/0077(COD)

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