Energy companies with more than 200,000 clients will be obliged to provide households with at least one offer comprising dynamic price contracts, under an EU-level agreement reached behind closed doors last week, EURACTIV.com has learned.
European Union legislators made headway on a proposed overhaul of EU electricity market rules, striking an agreement on “aggregators” – or virtual power plants, which make money from storing electricity or managing the energy consumption of their clients.
The deal on dynamic prices makes way for aggregators to enter the electricity market en masse and disrupt the sector in the same way that virtual network operators disrupted the telecoms market.
Under the agreement, aggregators won’t have to ask energy suppliers for prior permission to enter the market. In exchange, energy suppliers will receive compensation in case the electricity they produce is lost. Details of the compensation are still to be agreed.