Clean Industrial Deal

Tabled by Marina Mesure, Anthony Smith

3. Removed: Supports the Action Plan for Affordable Energy and its focus on the implementation Added: Stresses the inefficiency of the Electricity Market Removed: Design, enhancing tools such as Power Purchase Agreements (PPAs) and two-way Contracts for Difference (CfDs) to reduce the influence of fossil fuel prices on electricity prices; welcomes the pilot programme for corporate PPAs via the European Investment Bank and stresses the need to leverage PPAs to expand capacity and achieve genuine decarbonisation; calls on the Commission to introduce de-risking tools to address the main barriers that energy-intensive industries face in signing PPAs, in particular renewable PPAs, as well as CfDs for risk reduction on the demand side for energy users, and to explore how to stimulate Added: Design in lowering energy prices and acknowledges its major negative impact on key industrial sectors; highlights the continuation of its failed approach in the proposed plan for affordable energy; calls for a structural transformation of the European energy system based on public and democratic control over production and distribution, and the development of Removed: hybrid PPAs with matching flexibility products; Added: public and green infrastructure as the foundation for any coordinated and well-planned European industrial strategy;

Wording as published by the EP, in English. PE773.358v01-00