The Italian Capacity Remuneration Mechanism (CRM) has recently been approved by the European Commission. This article presents a brief summary of the regulatory evolution that resulted in the current proposal, provides an in-depth description of the mechanism based on its main design elements, and finally puts forward a critical analysis focusing on European guidelines. Many valuable lessons can be extracted from the Italian experience to shed light on other similar processes currently under development in other European countries.
Published on paper: March 2019.
P. Mastropietro, F. Fontini, P. Rodilla, C. Batlle. Il «nuovo» capacity market italiano: analisi critica e sviluppi recenti. Energia: Rivista trimestrale sui problemi dell'energia. no. 1, pp. 50-59, March 2019.