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    Austria : The FPO advocates the immediate suspension of the "merit order principle" for setting electricity prices


    October 3, 2022 - TendersInfo - News

     

      The FPO criticizes that the electricity price formation system currently in use at European level, the merit order principle, is met with increasing incomprehension and massive criticism.

      Accordingly, the most expensive power plant required to cover demand, i.e. gas power plants, determines the price, which in the current situation leads to additional fueling of electricity prices. In times of crisis like these, it cannot be the case that cheaply produced electricity from hydropower, solar energy or wind is sold at the same price as electricity that is produced at a much higher price due to the gas price explosion, according to the thrust of the argument.

      An urgent decoupling of electricity from gas prices and thus a suspension of the merit-order principle indefinitely is therefore the order of the day and must be vigorously pursued in the interest of the local population.

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