Presentation on theme: "Vision for the internal electricity market"— Presentation transcript:
1 Vision for the internal electricity market Matti SupponenUnit B2“Internal Market II: Wholesale markets; Electricity & Gas”European day-ahead and intra-day pilot projects1st NWE Stakeholder Workshop 9 December 2011
2 Contents Drivers of the European electricity market European electricity market target modelInfrastructure packageIssues
3 Drivers in energy policy regarding electricity DecarbonisationRenewables targetsSecurity of supplyCompetitiveness
4 Renewables in energy mix The EU policy by 2020100%-20%-20%+20%8,5%Greenhouse gas levelsEnergy consumptionRenewables in energy mix
10 European infrastructures priorities by 2020 for electricity Baltic energy market inter- connection planInterconnections in South West EuropeInterconnections in Central-South East EuropeOffshore grid in the Northern Seas and connection to Northern and Central EuropeElectricityhighwaysSmart grids in the EU
11 Energy & Climate Objectives National / regional TYNDP with PCIs EU infrastructure prioritiesTYNDP and CBA (electricity: 2014, gas: 2015)Overview of the process of identification of projects of common interestRegional Groups to propose regional PCI listsApproval by concerned Member StatesEnergy & Climate ObjectivesACER opinionCommission decision on Union-wide PCI listBy 30 July 2013National / regional TYNDP with PCIs
12 Measures to facilitate the implementation of projects of common interest A new method to identify and select concrete projects of common interest (PCIs) necessary to implement the priority corridorsShortening and streamlining permit granting procedures and improving public involvementRemoving regulatory obstacles for investments in infrastructures of European relevanceProviding appropriate direct support and financial support for projects of common interest
13 Market design Forward markets based on spot markets Cross-border trade optimisation based on day ahead market couplingLong term cross border trade with financial productsFurther cross-border trade optimisation through allowing intra-day trade with the remaining capacityFinal optimisation through a pan European balancing system
19 European electricity day ahead spot market European electricity day ahead spot marketLiquid (>30% spot trade/consumption)Some liquidity (15%< <30%)Little liquidity (5%<<15%No liquidity (<5%)Nord Pool (74%)LITPXAPX(NL 21% UK 4%)POLPXOTE (~5%)HUPXBELPEX (12%)EPEX(DE/AT 23%FR 11%CH 13%)OPCOM (9%)EXAA (4%)OMEL (83%)IPEX (69%)Hellenic Pool (~100%)South Pool (0%)Volumes from 2008 data
22 Issues Heretic local market designs Governance of market coupling Relations between power exchangesCalculation of cross-border capacityPrice zonesLoop flowsSharing of congestion rentsFlow based methodsWho will build and pay new infrastructure?
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