EURELECTRIC President and E.ON CEO Johannes Teyssen has called on the German and French governments to set up a high-level group to explore the feasibility and benefits of an aligned French and German energy market design, in particular on inter-operability of capacity remuneration mechanisms which could then be extended to other neighbouring countries. The call was made at a conference in Paris today, organised by EURELECTRIC’s French member UFE.

A long-standing proponent of energy market integration, EURELECTRIC is pushing for greater coordination between EU member states as they strive to address concerns regarding generation adequacy and soaring costs for renewables.

‘We cannot declare failure on Europe’s energy system, the backbone of our society. We, the people of Europe, our politicians in Brussels and in the 28 capitals, need to confront the situation and fix it now!’Mr Teyssen said.

Regional initiatives had proven successful in the past to integrate European electricity markets, he noted. For instance, market coupling between France, Germany and the Benelux has optimised the use of interconnection capacity and reduced prices for consumers.

The conference was attended by several high-level representatives of the French government, notably Philippe Martin, Minister of Energy, and Arnaud Montebourg, Minister of Industrial Renewal.