Acer, Power Price | Acer and electricity prices: Take the Supreme Court at its word – learn from France and regulate the electricity market

Acer, Power Price |  Acer and electricity prices: Take the Supreme Court at its word – learn from France and regulate the electricity market

Discussion record Expresses the views of the writer.

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Judgment of the Supreme Court in the case of connection of Norway Acer France’s understanding of the matter may be interpreted as not implying a relinquishment of sovereignty or a limitation of freedom of action.

Already in September 2021, France, a member of the EU and Acer, has adopted regulations allowing authorities to regulate electricity and gas markets.

France nationalizes the electricity company Électricité de France (EdF) and controls electricity prices and electricity exports.

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Acer Verdict: Constitution not violated

Long before Russia’s attack on Ukraine in February 2022, insufficient investment, primarily in nuclear energy, had declared electricity shortages in France, as in many EU countries.

Price controls on natural gas already come in September 2021, and electricity at wholesale levels in January 2022.

EdF and private suppliers are obliged to give preference to domestic customers and bear losses related to export prices. In practice, this is a barrier to electricity exports and violates the principles of the EU’s Energy Union.

Proceedings were renewed in 2023. As far as is known, the French proceedings have been decided in Paris and communicated in Brussels after the fact.

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Renationalization of EdF French authorities see high energy prices as a long-term challenge that can best be met through structural interventions and state involvement, not short-term, sociopolitically driven measures within an open energy market.

Energy policy is an important part of business policy. The mandate to control prices and prioritize domestic needs also protects the French electricity market, businesses and employment, and the French government budget.

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The next task, securing investments in new capacity, is more difficult; It is not left to the market, but calls for action with a holistic view and a long-term perspective.

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“Strømmarkedet” is an armed bandit for people in southern Norway

France’s solution is against the EU’s principles of free electricity flow to where prices are high; This shows that the EU’s energy policy does not work in a crisis situation.

Faced with a severe energy crisis, the EU has declined. Decisions in Brussels cannot bring more electricity and gas to market.

It is easier for the European Union’s central authorities to present ambitious targets for zero carbon emissions and to ban mandates on coal, oil and natural gas than to provide safe and affordable alternatives for users.

The EU mistakenly assumed that opening up the energy market would, on a per-place basis, attract large volumes of natural gas to Europe, making long-term contracts unnecessary. The EU has overlooked the need for competitive and secure supplies from Asia.

In the run-up to the Ukraine war, the EU was unwilling to renew gas contracts with Russia. Germany has since set aside several hundred million euros to ensure that it buys electricity and gas and subsidizes prices for consumers, not in line with EU policies.

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This should be a serious wake-up call – especially for Ap

The EU, for its part, has shown a poor understanding of energy matters. The lofty ambitions are partly based on illusions, such as the notion of cutting out all fossil energy, including natural gas.

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Solar and wind power are not always available; They cannot be saved even today.

The EU’s president, Ursula von der Leyen, wants to solve the energy crisis by building more solar and wind power plants, among other things. This results in more electricity, but solar panels and wind turbines are paid handsomely for not supplying at times when the market is already well supplied; At other times there is still a shortage.

The important question is why EFTA country Norway does not want to deregulate the electricity market like EU country France does.

Clearly, it depends on desire, not possibility. Supreme Court has spoken: Acer is not a barrier.

The obstacle is called the Jonas Carr Store.

Joshi Akinjide

Joshi Akinjide

"Music geek. Coffee lover. Devoted food scholar. Web buff. Passionate internet guru."

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