The European Commission said on Wednesday it has approved Germany's electricity capacity mechanism, which could cost up to EUR 35.2 billion (USD 40.8bn) and will remunerate power generation, storage and demand-response capacity from 2031.

The European Commission has approved Germany’s capacity mechanism, clearing the way for up to €35.2 billion in state support for generation, storage and demand-side flexibility.…

The European Commission said on Wednesday it has approved Germany's electricity capacity mechanism, which could cost up to EUR 35.2 billion (USD 40.8bn) and will remunerate power…