Electricity Market Design For A Decarbonised Future
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Electricity Market Design For A Decarbonised Future
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Author : Donna Peng
language : en
Publisher:
Release Date : 2017
Electricity Market Design For A Decarbonised Future written by Donna Peng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Carbon dioxide mitigation categories.
Eu Energy Law Volume Xii Electricity Market Design In The European Union
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Author : Florian Ermacora
language : en
Publisher:
Release Date : 2020-03-30
Eu Energy Law Volume Xii Electricity Market Design In The European Union written by Florian Ermacora and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-30 with Antitrust law categories.
This book was originally published by Claeys and Casteels, now formally part of Edward Elgar Publishing. At the end of 2018 the EU agreed a wholesale overhaul of EU electricity laws with the 'Electricity Market Design' package. The aim of this package is to bring EU electricity law up to date, taking account of its aim to become completely decarbonised by 2050, and to deal with the rapidly increasing level of intermittent renewable electricity in the network. The share of electricity produced by renewable energy sources is expected to grow to more than 50% in 2030. With this in mind, the electricity market design framework has been modernised to deal with intermittency, with new provisions on storage, capacity mechanisms (introducing a new emissions limit for power plants eligible to receive subsidies) and demand response. In addition, the role of consumers in the future electricity market has been re-thought and incorporated in the Electricity Market Design, providing the right incentives for consumers to become more active and to contribute to keeping the electricity system stable, as well as new consumer rights. In order to increase the resilience of the EU electricity system, each EU country is in the future required to define Risk Preparedness plans to be ready to respond to unexpected situations, working closely with neighbouring member states. The new rules will be supported by a stronger role for the ACER Agency, which coordinates work among national energy regulators, providing additional powers and responsibilities, and thus ensuring that decisions are taken for making best use of an integrated EU energy market to the benefit of all EU citizens. This new volume, written by all the key Commission officials responsible for drafting, negotiating and now implementing this major new piece of legislation is essential reading for all those involved in the regulation and development of Europe's electricity industry.
Europe S Electricity Market Design 2030 And Beyond
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Author : Michael Pollitt
language : en
Publisher: Centre on Regulation in Europe asbl (CERRE)
Release Date : 2018-12-10
Europe S Electricity Market Design 2030 And Beyond written by Michael Pollitt and has been published by Centre on Regulation in Europe asbl (CERRE) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-10 with Political Science categories.
This CERRE report analyses the possible evolution of the European electricity market under different levels of variable renewable energy penetration towards 2025. The EU’s multiple efforts for decarbonisation with its long term strategy for a climate neutral economy by 2050, and the heated negotiations between the European Parliament, Council and Commission for a new market design highlight the many issues Europe is facing for defining the right electricity market. In this context, the authors of this new study have modelled and analysed the possible evolution of the electricity market under different variable renewable energy (VRE) penetration scenarios. They have looked at the necessary adaptation that these imply to the electricity market. Overall, the report highlights the challenges for the current market design in moving towards self-financing VRE. It also observes a likely continuation of the difficulties faced by generators in financing their investments on the basis of wholesale power prices alone, with only some partial mitigation should commodity prices rise, as expected by the IEA, or with substantial improvements in interconnection across Europe. “If the current market design is to deliver a decarbonised European electricity system, lower renewables costs and higher carbon prices will play a critical role,” said CERRE Academic Director Michael Pollitt and Chi Kong Chyong, the authors of the report. “In the absence of these favourable conditions for VRE, long term subsidy mechanisms in the form of auctions would need to continue in order to meet European renewable electricity targets.” The results of the modelling show the need for many of the existing fossil fuel power plants to remain on the system to support intermittent renewable electricity, hence the importance of the development of ancillary service markets. However, these markets are challenging to design, and the investments they support will likely have higher costs of capital given the volatile and difficult to predict income streams that they give rise to. The report’s results also raise two central questions for the electricity market design: - Will a radical market redesign be necessary by 2025? Given that EU member states have accepted to live with largely subsidised new electricity generation from 2005 to 2018, this seems unlikely. - Will market designs converge across Europe? The issue is whether different local circumstances will cause continuing or increasing divergence in market arrangements. Ireland, Spain, the UK, Greece and Germany could have significantly different market configurations by 2025 given their different ability to absorb increased amounts of VRE.
Electricity Market Design In The European Union
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Author : Christopher Jones
language : en
Publisher:
Release Date : 2020
Electricity Market Design In The European Union written by Christopher Jones and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Electric power categories.
Local Electricity Markets
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Author : Tiago Pinto
language : en
Publisher: Academic Press
Release Date : 2021-07-03
Local Electricity Markets written by Tiago Pinto and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-03 with Business & Economics categories.
Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. Delineates key components shaping the design and implementation of local electricity market structure Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation
Handbook On Electricity Markets
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Author : Glachant, Jean-Michel
language : en
Publisher: Edward Elgar Publishing
Release Date : 2021-11-12
Handbook On Electricity Markets written by Glachant, Jean-Michel and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-12 with Business & Economics categories.
With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.
Competitive Electricity Markets
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Author : Fereidoon P. Sioshansi
language : en
Publisher: Elsevier
Release Date : 2011-10-10
Competitive Electricity Markets written by Fereidoon P. Sioshansi and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-10 with Technology & Engineering categories.
After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide
South Africa S Energy Transition
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Author : Tobias Bischof-Niemz
language : en
Publisher: Routledge
Release Date : 2018-07-11
South Africa S Energy Transition written by Tobias Bischof-Niemz and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-11 with Business & Economics categories.
South Africa’s energy transition has become a highly topical, emotive and politically contentious topic. Taking a systems perspective, this book offers an evidence-based roadmap for such a transition and debunks many of the myths raised about the risks of a renewable-energy-led electricity mix. Owing to its formidable solar and wind resources, South Africa has an almost unparalleled opportunity to turn solar photovoltaic and onshore wind generators into the country’s power generation workhorses – a role hitherto played by coal. This book shows that a renewables-led mix will not only provide the lowest cost, but will also create more jobs than any of the alternatives currently under consideration. In addition, it offers a glimpse of how South Africa’s low-cost and decarbonised electricity system can power a competitive industrial economy, an electric-mobility revolution and, in the long run, create new export opportunities. This book will be of great interest to energy industry practitioners, as well as students and scholars of energy policy and politics, environmental economics and sustainable development.
Electricity Reform In Europe
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Author : Jean-Michel Glachant
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009-01-01
Electricity Reform In Europe written by Jean-Michel Glachant and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-01 with Business & Economics categories.
. . . this volume comes across as one of the most profound sources on the specifics of European electricity market restructuring. Competition and Regulation in Network Industries The SESSA study on the Internal Energy Market was an important and influential contribution towards the Commission s proposal for a third package of proposals, intending to bring more effective competition and better security of supply to Europe s energy markets. This volume, based on the results of the study is an important and welcome contribution to the ongoing debate on these proposals. Andris Piebalgs, Commissioner for Energy at the European Commission The chapters in this book are written by the leading European scholars who have studied the structure, behavior and performance of liberalised electricity markets in many European countries as well as in other regions of the world. Both the analyses and the policy recommendations contained in this volume are well worth careful consideration by policymakers in Europe, as well as by policymakers in other countries that are seeking to adopt successful electricity sector liberalisation programs. From the foreword by Paul L. Joskow, Massachusetts Institute of Technology, US Dynamism or dissipation? Competition or national champions? Will enlargement promote or delay reform? Energy economists contemplate the challenges posed by the restless and discontent European Commission. Stephen Littlechild, University of Birmingham and Judge Institute for Management Studies, University of Cambridge, UK The challenge of European electricity reform is being met, although gradually, delays notwithstanding. This book provides precious help in spotting where the necessary further efforts should be directed. In the US mistakes and delays have occurred, no less than in Europe, but an aggressive federal regulator (absent in Europe) is working to overcome them. Electricity markets do not happen, they have to be built. Here are suggestions for a workable European market design. No ideology, just competence and wisdom from both theory and experience. Will Europe learn? Pippo Ranci, Università Cattolica del Sacro Cuore, Italy The realisation of a European internal market for energy is still a work in progress. Written by leading European scholars and discussed with major energy stakeholders, this book presents a thorough analysis of the motives and methods needed to achieve a single European energy market. The authors discuss the critical issues surrounding an internal European energy market including: market design, competition and market power, sustainable energy versus the market, regulation and harmonisation, benchmarking and indicators, modelling of competition, market prices and energy forecasts. They provide a multi-disciplinary assessment of the best way to build the market base of a future European energy policy. Electricity Reform in Europe will be of great interest to decision makers and managers in the energy industry or business sector as they will be able to see the whole European energy policy picture beyond their own corporate interests. The book will also appeal to national and European energy administrations, regulatory bodies and policy makers providing a synthesis of all relevant policy issues.
Decarbonized Market Design
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Author : Farhad Billimoria
language : en
Publisher:
Release Date : 2018
Decarbonized Market Design written by Farhad Billimoria and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Carbon dioxide mitigation categories.