Skip to content
CERRE think tank Logo
  • About us
    • About CERRE
    • Our team
    • Board of Directors
    • Careers
    • Transparency & Independence
    • FAQs
  • Areas of expertise
    • Energy, Mobility & Sustainability
    • Tech, Media, and Telecommunications
    • Cross-sector
  • Publications
    • Ambitions for EU 2024 – 2029
    • Global Governance for the Digital Ecosystems
  • Events
    • Upcoming events
    • Past events
  • Blogposts
  • Insights
  • Media Room
    • Press Releases
    • Press Coverage
  • Membership
    • Our members
    • Become a member
  • Contact
  • About us
    • About CERRE
    • Our team
    • Board of Directors
    • Careers
    • Transparency & Independence
    • FAQs
  • Areas of expertise
    • Energy, Mobility & Sustainability
    • Tech, Media, and Telecommunications
    • Cross-sector
  • Publications
    • Ambitions for EU 2024 – 2029
    • Global Governance for the Digital Ecosystems
  • Events
    • Upcoming events
    • Past events
  • Blogposts
  • Insights
  • Media Room
    • Press Releases
    • Press Coverage
  • Membership
    • Our members
    • Become a member
  • Contact
Filter by Sectors





Event
Public event
#Energy, Mobility & Sustainability

What electricity market design for 2030 and beyond?

10 December 2018
14:00
- 17:00

University Foundation
11 Rue d'Egmont
1000 Brussels

About
Speakers
Event materials

About

This CERRE event presented and discussed the results and policy recommendations of our Energy & Climate research project ‘What Electricity Market Design for 2030 and beyond?’.

This report, led by CERRE Academic Co-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?

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?

This event gathered 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?’.

Speakers

Bruno Liebhaberg (Website)
Bruno Liebhaberg
Executive Chairman¹ ²

Bruno Liebhaberg is Executive Chairman of the think tank Centre on Regulation in Europe (CERRE) which he founded in 2010.

From 2018 to 2021, he was also the first Chairman of the European Union Observatory on the Online Platform Economy. He is also an Honorary Professor at the Université Libre de Bruxelles’ Solvay Brussels School of Economics and Management (SBS-EM ULB) where he taught from 1979 to 2018. Earlier in his career, he advised former European Commission President Jacques Delors on industry and R&D matters related to the completion of the EU Single Market.

He holds a Master’s in management sciences from SBS-EM ULB and a Ph.D. in Industrial Relations from the London School of Economics and Political Science.

 

¹Also representing B.LIEBHABERG S.A., Director General

²Member of the Strategic Committee

Bruno Liebhaberg is Executive Chairman of the think tank Centre on Regulation in Europe (CERRE) which he founded in 2010.

From 2018 to 2021, he was also the first Chairman of the European Union Observatory on the Online Platform Economy. He is also an Honorary Professor at the Université Libre de Bruxelles’ Solvay Brussels School of Economics and Management (SBS-EM ULB) where he taught from 1979 to 2018. Earlier in his career, he advised former European Commission President Jacques Delors on industry and R&D matters related to the completion of the EU Single Market.

He holds a Master’s in management sciences from SBS-EM ULB and a Ph.D. in Industrial Relations from the London School of Economics and Political Science.

 

¹Also representing B.LIEBHABERG S.A., Director General

²Member of the Strategic Committee

Michael Pollitt
Michael Pollitt
CERRE Honorary Academic Director
University of Cambridge

Michael Pollitt is Professor of Business Economics at the Judge Business School, University of Cambridge. He is an Assistant Director of the university’s Energy Policy Research Group (EPRG) and a Fellow and Director of Studies in Economics and Management at Sidney Sussex College, Cambridge. Michael is an elected Vice President (for Publications) of the International Association for Energy Economics (IAEE). He is a former external economic advisor to Ofgem.

Michael Pollitt is Professor of Business Economics at the Judge Business School, University of Cambridge. He is an Assistant Director of the university’s Energy Policy Research Group (EPRG) and a Fellow and Director of Studies in Economics and Management at Sidney Sussex College, Cambridge. Michael is an elected Vice President (for Publications) of the International Association for Energy Economics (IAEE). He is a former external economic advisor to Ofgem.

Kong Chyong
Kong Chyong
Research Fellow
and Oxford Institute for Energy Studies

Dr. Kong Chyong is an applied energy economist and policy analyst with a strong background and more than fifteen years of experience in applications of economics and operational research methods to energy and climate policy questions. Kong’s research interests include economics and geopolitics of Russian natural gas exports, with a focus on Russo-Ukrainian bilateral relations and impacts on Europe and global gas markets. He also works on large-scale modelling of power markets, with a focus on low-carbon generation sources and integration of renewables.

Currently, Kong is a Senior Research Fellow in Energy System Economics and Modelling at the Oxford Institute for Energy Studies. Before this, he was Senior Research Scholar with the Center on Global Energy Policy at Columbia University. Prior to joining Columbia University, Kong was a research associate with the Energy Policy Research Group (EPRG) based at the Cambridge Judge Business School, University of Cambridge. Kong holds a PhD in Energy Economics and Policy (2011) and an MPhil in Technology Policy (2007) from the University of Cambridge. His PhD topic concerned Russia’s strategic natural gas export policy and Gazprom’s pipeline investment strategy.

Prior to his studies at Cambridge University, Kong was a researcher at the at the National Academy of Sciences in Ukraine.

Dr. Kong Chyong is an applied energy economist and policy analyst with a strong background and more than fifteen years of experience in applications of economics and operational research methods to energy and climate policy questions. Kong’s research interests include economics and geopolitics of Russian natural gas exports, with a focus on Russo-Ukrainian bilateral relations and impacts on Europe and global gas markets. He also works on large-scale modelling of power markets, with a focus on low-carbon generation sources and integration of renewables.

Currently, Kong is a Senior Research Fellow in Energy System Economics and Modelling at the Oxford Institute for Energy Studies. Before this, he was Senior Research Scholar with the Center on Global Energy Policy at Columbia University. Prior to joining Columbia University, Kong was a research associate with the Energy Policy Research Group (EPRG) based at the Cambridge Judge Business School, University of Cambridge. Kong holds a PhD in Energy Economics and Policy (2011) and an MPhil in Technology Policy (2007) from the University of Cambridge. His PhD topic concerned Russia’s strategic natural gas export policy and Gazprom’s pipeline investment strategy.

Prior to his studies at Cambridge University, Kong was a researcher at the at the National Academy of Sciences in Ukraine.

Medium Patrick Claessens
Patrick Claessens
Director of Network Access Management
Sibelga

Patrick Claessens is Director of Network Access Management at Sibelga.

His main activities are related to the liberalised energy markets and include: managing energy suppliers and other commercial parties, managing the Meter to Cash chain, customer works & services, and representing Sibelga in the set-up and the updating of energy market models.

Prior to joining Sibelga, Mr Claessens held various positions at Electrabel, the Belgian energy subsidiary of Engie.

Patrick Claessens is Director of Network Access Management at Sibelga.

His main activities are related to the liberalised energy markets and include: managing energy suppliers and other commercial parties, managing the Meter to Cash chain, customer works & services, and representing Sibelga in the set-up and the updating of energy market models.

Prior to joining Sibelga, Mr Claessens held various positions at Electrabel, the Belgian energy subsidiary of Engie.

Michel Matheu
Michel Matheu
Head of EU Strategy
EDF

Michel Matheu is Head of Strategy in the European Affairs Division of Electricité de France (EDF). He has previously held different positions within EDF in the fields of strategy, regulation and public affairs.

Prior to joining EDF, Michel had a career in the French Civil Service, especially at the Planning Office, an advisory body to the Prime Minister. He has also experience of research and consulting/editing journals published by the French government.

He is Chairman of the Strategy Committee of the European Association for Storage of Energy (EASE).

Michel Matheu is Head of Strategy in the European Affairs Division of Electricité de France (EDF). He has previously held different positions within EDF in the fields of strategy, regulation and public affairs.

Prior to joining EDF, Michel had a career in the French Civil Service, especially at the Planning Office, an advisory body to the Prime Minister. He has also experience of research and consulting/editing journals published by the French government.

He is Chairman of the Strategy Committee of the European Association for Storage of Energy (EASE).

Nils Henrik Von Der Fehr (2)
Nils-Henrik von der Fehr
Research Fellow
and University of Oslo

Professor Nils-Henrik M. von der Fehr is Professor of Economics at the University of Oslo. In addition to numerous academic positions, Nils-Henrik has chaired or served as a member of government committees both in his native Norway and internationally; he continues to provide expert advice to private companies and government institutions around the world on energy, as well as other issues. His research interests include microeconomics, industrial economics, regulation and competition policy.

Professor Nils-Henrik M. von der Fehr is Professor of Economics at the University of Oslo. In addition to numerous academic positions, Nils-Henrik has chaired or served as a member of government committees both in his native Norway and internationally; he continues to provide expert advice to private companies and government institutions around the world on energy, as well as other issues. His research interests include microeconomics, industrial economics, regulation and competition policy.

Event materials

REPORT | Europe's electricity market design: 2030 and beyond
PRESENTATION | Europe's electricity market design: 2030 and beyond (Prof. M. Pollitt & Dr. K. Chyong)

More events on #Energy, Mobility & Sustainability

13
May
2025
CERRE Breakfast: Future of the Single Market
Members only
Energy, Mobility & Sustainability
27
May
2025
The Flexibility Challenge in the Energy Sector
Public event
Energy, Mobility & Sustainability
5
Jun
2025
CERRE Breakfast: Energy Priorities of the upcoming Danish Presidency
Members only
Energy, Mobility & Sustainability
24
Jun
2025
Investing in Europe’s Cross-Border Infrastructure
Public event
Energy, Mobility & Sustainability

Stay informed

Subscribe to our newsletter for our latest updates

Subscribe now

Centre on Regulation in Europe asbl (CERRE)

Avenue Louise, 475 (box 10)
1050 Brussels, Belgium
T.: +32 2 230 83 60
E-mail: info@cerre.eu  

Linkedin-in Youtube Link
  • Copyright CERRE 2010-2020
  • BE 0824446055 RPM Bruxelles
About
  • About Us
  • Team
  • Board of Directors
  • Annual review
  • Careers
  • Transparency & Independence
  • FAQs
Expertise
  • Energy, Mobility & Sustainability
  • Tech, Media, Telecom
  • Cross-sector
More
  • Publications
  • Events
  • Blogposts
  • Insights
  • Privacy & Legals
  • Cookie Policy

Centre on Regulation in Europe asbl (CERRE)

Avenue Louise, 475 (box 10)
B-1050 Brussels – Belgium
T.: +3222308360
E-mail: info@cerre.eu 

BE 0824446055 RPM Bruxelles

Linkedin-in Youtube
About
  • About Us
  • Team
  • Board of directors
  • Annual review
  • Careers
  • Transparency & Independence
  • FAQs
Expertise
  • Energy & Sustainability
  • Tech, Media, Telecom
  • Mobility
  • Cross-sector
More
  • Publications
  • Events
  • News & insights
  • Our members
  • Become a member
LinkedIn
Twitter
Facebook
WhatsApp
Email

This website uses cookies to ensure you get the best experience.

OK
CERRE Privacy Policy