What Electricity Market Design for 2030 and beyond?

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Date: 
10/12/2018 - 14:00 to 17:00
Venue: 
University Foundation, 11 Rue d'Egmont, 1000 Brussels

This event will present and discuss the results and policy recommendations of our new research project ‘What Electricity Market Design for 2030 and beyond?’.

This new report, led by CERRE Joint Academic Director Prof. Michael G. Pollitt (Judge Business School, Cambridge) analyses how well today’s electricity market is working as the rollout of renewable energy sources (RES) continues to expand.

It looks at the potential regulatory adaptions towards 2025-30 that may be needed and possible. It also evaluates whether there will be a tipping point for the market: could the RES penetration be so high that it creates the need for a more radical market redesign?

*Reserve your seat now via the registration tab*

Europe has made significant progress in the creation of a single electricity market. Successive electricity directives have significantly shifted the electricity supply sector from national monopolies towards a European market dominated by competing pan-European companies. Vertical separation of generation, transmission, distribution and retailing were introduced and horizontal competition in generation and retailing promoted. Wholesale and retail electricity prices have moved in line with fossil fuel prices which were the dominant component of wholesale electricity costs.

Renewable electricity directives have complemented the EU’s climate change efforts and significantly influenced investment in electricity generation. Since 2002, there has been a significant rise in the share of renewable energy resources in Europe and by 2017 almost all new investment in electricity generation had taken the form of RES. Ambitious climate and renewables targets would imply a further increase in the share of RES in electricity production.

RES are characterised by high fixed costs incurred up front and stable annual running costs. The short-run marginal cost of electricity produced from intermittent renewables such as solar PV and onshore wind turbines is virtually zero. Intermittent RES also impose challenges regarding efficient matching of supply to demand in real time, suggesting the need for active demand side management and energy storage. In addition, substantial network investments will be needed to support both supply and demand matching for the increasingly distributed RES generation.

Will these developments trigger a more radical electricity market redesign?

Come and join key actors from the sector including industry, regulators as well as representatives from the EU institutions to discuss the findings of this new research ‘What Electricity Market Design for 2030 and beyond?’.

*The number of seats at this Executive Seminar is limited. Please submit your registration request, and if confirmed you will receive an email with more details at a later stage.

13:30

Registration

14:00

Welcome & introduction 
 

Bruno Liebhaberg

Director General,
CERRE

 

14:10

Presentation of the CERRE report  ‘What Electricity Market Design for 2030 and beyond?’
 

Michael Pollitt

Joint Academic Director, CERRE
Professor of Business Economics, Judge Business School, University of Cambridge

 
 

Dr Chi Kong Chyong

Research Associate, Energy Policy Research Group,
University of Cambridge

 

14:50
Keynote speech
 

To be announced soon

15:10
Panel discussion
 

See confirmed discussants below

16:40
Conslusion and round up

16:50

Cocktail reception
   
Confirmed discussants
 

 

Aurélie Beauvais

Policy Director, 
Solar Power Europe

 

 

Patrick Claessens

Director Department Network Access Management,
Sibelga

 

 

Jakub Fijalkowski

Policy Officer,
DG Energy, European Commission

 

 

Michel Matheu

Head, EU Strategy,
EDF

 

 

Andrea Villa

Head, EU Regulation,
Enel

 

 

Eirgrid

 

 

 

 

Additional discussants to be announced in the coming weeks

Monday 10 December 2018, 14.00-17.00,
University Foundation, 11 Rue d'Egmont, 1000 Brussels

CERRE members and nominated guests receive priority when registering. All other registrations are provisional until confirmed by email by CERRE. If you have any questions about your registration, or do not receive a confirmation email, please contact info@cerre.eu


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