Showing 1 - 10 of 25
Executive Summary The German government aims to reduce primary energy demand by 80% until 2050 and heating demand by 20% until 2020. Besides the need for additional efforts to achieve these targets, Germany has already implemented a set of policies and programmes to increase investments in...
Persistent link: https://www.econbiz.de/10010954960
With increasing variability of demand and supply, transmission system operators (TSOs) across Europe adapt their internal processes and operational approaches. These processes comprise different interfaces with other market participants (e.g. via balancing markets, reserve procurement or NTC...
Persistent link: https://www.econbiz.de/10011272905
Long‐term energy contracts have featured prominently in many decisions of the European Commission to support the opening of the electricity markets. Contracts were seen to foreclose the market hence the Commission comprehensively unwound pre‐existing long‐term contracts and formulated...
Persistent link: https://www.econbiz.de/10011272906
Strategic reserves are in principle well suited to address both generation adequacy and system security in power markets. Depending on the power system and on the network topology, a strategic reserve has to be designed to fulfill both objectives. For the design of a strategic reserve (SR) in...
Persistent link: https://www.econbiz.de/10011272907
The EU European Trading Scheme (EU ETS) started operating in 2005 and was established with the EU Climate Package of 2008 as a permanent mechanism for Europe. Now in its second phase, policymakers are evaluating its success to date and considering next steps for its evolution. With the ultimate...
Persistent link: https://www.econbiz.de/10011272908
Decarbonization goals of the European Commission foresee different future scenarios for the European power market of which all are exceeding 60% renewables in the power system.3 High shares of intermittent renewable sources require significant changes to the physical system and impact the...
Persistent link: https://www.econbiz.de/10011272909
The expansion of renewable generation and closer integration of European power markets requires new tools and procedures for system operation. The US experience with nodal pricing offers options to tackle the emerging challenges, and thus may facilitate further integration of intermittent...
Persistent link: https://www.econbiz.de/10011272910
Using generating and demand resources across national borders brings synergies and improves supply adequacy in Europe as a whole. However, national capacity remuneration mechanisms (CRMs) may pose barriers for the participation of energy resources across borders. This ultimately challenges the...
Persistent link: https://www.econbiz.de/10011272911
Gas‐fired power plants constitute a direct and important link between the gas and the electricity sectors and thus between the Target Models for electricity and gas. As the need for a flexible operation of gas-fired power plants will increase in tomorrow’s low‐carbon power markets, so also...
Persistent link: https://www.econbiz.de/10011272912
Current EU short-term market designs for electricity face several challenges in (i) securing efficient system operation (ii) unlocking the full potential of flexible resources and (iii) fostering effective use of transmission capacity. For a gradual reform of market design and to guarantee...
Persistent link: https://www.econbiz.de/10011272913