In a joint declaration, the CEOs of Fortum, Statkraft and Vattenfall encourage the European Commission to safeguard the elements of the Clean Energy Package that support well-functioning power markets.
In the declaration, the three Nordic utilities also propose concrete adjustments to the legislative proposal, aimed at enforcing the path towards a decarbonised Europe driven by market based instruments, a level-playing field and coherent governance.
Fortum, Vattenfall and Statkraft believe that well-functioning power and carbon markets, together with increased electrification, are key enablers for driving the decarbonisation of the European economy in a cost-efficient manner.
The three Nordic utilities have previously provided their shared views on, and recommendations for, a structurally reformed European carbon market (EU ETS) for the next trading period. This joint follow-up initiative illustrates their shared perspectives on the core elements of market design. The Nordic integrated power market provides a good example of the benefits to society of well-functioning power markets.
See also
Vattenfall replies to open letter by NGOs regarding the use of biomass
On 26 April, an open letter from a number of environmental organisations was sent to several Vattenfall executives. Vattenfall has now replied to the open letter.
Comment on the European Commission's energy market proposals
We fully acknowledge the political and financial pressure all European countries and many customers are under.
Comment from Vattenfall on our use of biomass
Ulrika Jardfelt, Senior Vice President Business Area Heat at Vattenfall comments on an open letter from a number of environmental organizations on Vattenfall’s use of biomass.