Act on the Further Development of the Electricity Market

Source: IEA/IRENA Renewables Policies Database
Last updated: 9 October 2019

The act adopted in 2016 made the electricity market fit for growing shares of renewable energy and put the rules in place for competition between flexible supply, flexible demand, and storage. The improved electricity market 2.0 ensures that we can rely on a cost-effective and reliable supply of electricity. The Act enables free price formation on the wholesale electricity market. Therefore, investment takes place in the required capacities. The level of capacity maintained will be demanded by the customers. A new capacity reserve, which is strictly separated from the electricity market, provides an additional safety net for unforeseeable events.