Il «nuovo» capacity market italiano: analisi critica e sviluppi recenti

Abstract

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.