Grids need to accommodate a host of new and variable low-carbon assets, but who should manage how they operate and what they get paid remains a thought exercise despite the changes already happening
Electricity markets in Europe and elsewhere are in dire need of overhaul although there is little clarity on what to aim for
MARKET HAVOC High costs and erratic government intervention highlighted the need for European electricity market reform in 2022
MANY MODELS Europe is not alone in seeking market reform—regulators around the world are pondering new models, with little consensus
KEY QUOTE The EU approach is interesting—and it will be interesting to see how well it works in practice ...
Europe is considering taking the bold step of introducing a border carbon adjustment tariff on goods imported from regions where carbon pricing is lacking, placing trade right in the middle of its climate ambitions
Border carbon adjustments (BCAs) are technically difficult to design and politically challenging to implement. If BCAs are going to succeed, the European Union (EU) will need to engage trade partners from the start, says E3G’s Johanna Lehne
Changes need to be made to how electricity markets are managed so that they can handle the pace of the energy transition, but there is little consensus about what tweaks are actually required
Power capacity markets on both sides of the Atlantic face an uncertain future as flexibility becomes a hotter commodity than capacity.
This week, Jan, Michaela and David are joined by Jorge Vasconcelos, chair of New Energy Solutions (NEWES) and part of the Florence School of Regulation. Jorge tells us how electricity market design is essential in getting clean energy to where it is needed
In episode three of Energy Enablers, Derk Swider from E.ON examines the cause of the high energy prices seen over the past two years and whether there is the need for a market redesign
This week's special live recording of Watt Matters comes from Eurelectric's offices in Brussels, where the team is joined by Ditte Juul Jorgensen and three trade association chiefs to discuss ways Europe's electricity market is dealing with the shocks of the past 12 months while securing and stabilising the sector for the future