The European Commission has approved Belgium’s capacity mechanism as it phases out nuclear power by 2025.
The measure will contribute to ensuring the security of electricity supply, in particular in view of Belgium’s decision to phase out all nuclear capacity by 2025, without unduly distorting competition in the Single Market. It is the first capacity mechanism approved by the Commission after the entry into force of the new Electricity Regulation.
Executive Vice-President Margrethe Vestager, in charge of competition policy, said, “Capacity mechanisms can help to safeguard security of electricity supply to the extent that they are designed in a way that avoids distortions of competition in energy markets.
Following close and constructive cooperation with the Belgian authorities throughout the process, we have approved a well-designed capacity mechanism that will contribute to ensuring security of electricity supply in Belgium, in particular in view of the upcoming phasing out of all nuclear capacity by 2025, while ensuring that possible distortions of competition are kept to a minimum.
“We also welcome the decision by the Belgian authorities to introduce certain sustainability requirements for new fossil fuel installations. This is a positive development towards the achievement of the important objectives set out in the European Green Deal,” she added on August 27.
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