EU approves German capacity mechanism
Reported bypv magazine ↗·Sourced by Goodlede
The European Commission approved Germany's capacity mechanism (StromVKG) under EU state aid rules, allocating an estimated €15.6 billion to €35.2 billion to support electricity generation, storage and demand-side flexibility. The scheme will operate through competitive auctions from 2031, with new gas-fired plants required to be hydrogen-ready and achieve climate-neutral operation by 2045.
The mechanism will support new gas-fired power plants as part of the capacity framework, though they must meet hydrogen-readiness and climate targets by 2045.
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