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Kick-off Stakeholder Workshop "Post 2020 framework in a liberalised electricity market with large share of Renewable Energy Sources" 28 April 2014, Brussels.

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Presentation on theme: "Kick-off Stakeholder Workshop "Post 2020 framework in a liberalised electricity market with large share of Renewable Energy Sources" 28 April 2014, Brussels."— Presentation transcript:

1 Kick-off Stakeholder Workshop "Post 2020 framework in a liberalised electricity market with large share of Renewable Energy Sources" 28 April 2014, Brussels PANEL DISCUSSION "Implementation of the Internal Electricity Market & Climate – Energy Targets 2030" (How) Should the Target Model evolve post -2020? Volker Stehmann EURELECTRIC

2 The energy-only market was meant to deliver on the energy policy triangle, but competitiveness and security of supply are now being challenged The 3 rd Energy Package The Internal Energy Market should stimulate fair and competitive energy prices as well as necessary investments Interconnected networks and the Energy-Only Market (EOM) delivering investments should guarantee security of supply The incorporation of the CO 2 price in the EOM should be the main driver for decarbonisation Competitiveness Security of Supply Sustainability 2 Current status Customers across the EU are faced with rising energy bills; RES support costs have escalated in some countries due to inefficient design mechanisms Rising variable generation is displacing conventional generation which is needed for generation adequacy but is being forced to shut down (economic factors) The EU is so far on track to meet its emissions reductions and RES targets up to 2020

3 To address this challenge, different elements of market design have to work together EnergyFlexibilityCapacity 1 Efficient dispatch Short term system adequacy Long term system adequacy Delivers energy in the most cost-efficient way by having the market define the system’s merit order Enables the system to respond to short-term variations in the supply/demand balance Ensures long-term system adequacy e.g., in the case of extreme load peaks or backup intermittent renewable generation Forward, day-ahead and intraday markets Day ahead, intraday and balancing markets, ancillary services Market-based capacity remuneration mechanisms Goal What it does Market instruments Especially relevant for some regional markets

4 How to ensure that markets deliver on the energy policy goals? 4 Implementation of the target model is crucial to provide efficient energy supply and remunerate flexibility -> progress on DA, ID and balancing markets integration should be ensured Operation integration of RES to the market & moving towards more market based RES support are needed before Renewables deployment post 2020 should be driven by the ETS Long term system adequacy is at risk in many markets, giving more urgency to the CRM discussion. Main reasons: –RES growth impact economic viability of capacity needed for system adequacy –Definition of the needed adequacy level remains a political choice, not a customer decision. Implementation of smart grids will facilitate customers involvement, but this will be feasible only in the long term Proper design of CRM is crucial to ensure not hindering the completion of the IEM A regional approach to the implementation of market-based CRM models should be followed, cross—border participation in CRM is an important stepping stone


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