EU power traders rail against national interventions

Capacity and renewables schemes deterring investment, say panel participants

Electricity pylons
EU power market blighted by national intervention, conference told

A growing patchwork of capacity mechanisms and other interventions by national governments is hampering the European Union's electricity market and urgently needs to be woven together, argued a panel of power market participants at Energy Risk Summit Europe on June 25.

"Proposals of capacity payment by single countries have taken different roads," said Andrea Ottaviani, senior power trader at Eni Trading & Shipping, the trading arm of Italian oil and gas company Eni. "The problem of [having] the