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David Weston, Editor-in-Chief, FORESIGHT Climate & Energy
Market design
The rules that govern the electricity sector have been written over the past century with tweaks here and there as the market grew. But the pace of change has accelerated exponentially in the 21st Century with regulations struggling to keep up.
Much of the existing regulatory framework in place was designed around a centralised one-directional system. With distributed energy, storage and digitalised end-users now the rule, rather than the exception, the regulations that govern the energy system need to be updated to avoid price spikes, curtailed generation and missed payments.
With the background of ongoing conflicts and geopolitical tensions, lawmakers around the world are scrambling to improve energy security while also reduce energy bills in a way that remains inline with decarbonisation targets.
This issue of FORESIGHT Climate & Energy will delve into market design—or redesign—to examine the best way to balance these issues and bring the electricity market into the 21st Century.
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Publishing dates
Print issue: April 2023.
Online on www.foresightdk.com and on audio app: April and throughout May.
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