Data Item Details

Name: Costs incurred or projected to finance capacity mechanism in the EU-27 (left) and per Member State (right) – 2020–2023 (million euros)

Comment: Costs are based on the total annual realised or projected payments to capacity providers for delivery of capacity in the relevant year. The costs do not account for side effects such as impacts on energy prices or additional costs or benefits derived from the capacity mechanisms. In Belgium, the new capacity mechanism payments start from 2025 onwards. No auctions for the previous capacity mechanism took place for 2020 and 2021. The overall costs for France are an approximation due to the specifics of the capacity mechanism design (see also note 2 under Figure 10). For 2023, costs are based on the resultsof the first relevant auction held in 2022. For Ireland, data was not provided this year, so 2020 MMR data was considered. Cost data for Italy up to 2021 refer to ‘legacy’ capacity payments from the previous capacity remuneration scheme. For 2022, they refer to both the new capacity mechanism and the relative legacy contracts, while for 2023 only to the new capacity mechanism. For Portugal, costs refer to capacity payments provided to hydro power plants due to legacy contracts. For Spain, the depicted costs refer to the remaining long-term investment incentives awarded to installations before these incentives werecancelled in 2016.

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