Berlin, 24.09.2024: The BWO has submitted its statement on the electricity market paper (“Electricity market design of the future”) of the Federal Ministry for Economic Affairs and Climate Protection (BMWK) on time. 

In our statement, we focus in particular on the field of action “Investment framework for renewable energies“. The main points of our position are:

• Strengthen investment security: The specific requirements of offshore wind energy should be taken into account when designing the investment framework.
• Continue the two-pillar approach: In addition to subsidized expansion, strong market expansion through PPAs and futures markets is necessary.
• Open discussion of the options presented: All proposed models should be further analyzed and discussed without making premature decisions. In this context, we would like to point out that the newly discussed production-independent models may have advantages (depending on their design, greater investment security), but that a pre-commitment to these models is not appropriate and we reject it. We therefore recommend that possible side effects of production-independent funding should also be examined intensively.
• Indexation of the CfD: In the case of the introduction of a bilateral contract for difference, provision must be made for indexation of the contract and thus for adjustment to inflation developments.
• Exploit other factors for investment security: In addition to the funding framework, there are many other influencing factors, such as the optimization of implementation deadlines for offshore wind farms.

• Maintain a single electricity price zone: We support the clear commitment to the single electricity price zone and call for further information on the introduction of an offshore electricity bidding zone.

  The full statement can be found here.