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Published byJerome Casey Modified over 8 years ago
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Generation and transmission interconnections 4 July, 2013 Virgilijus Poderys CEO of LITGRID AB
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Internal electricity market Energy industry Sustainability Energy security Competitiveness Renewable energy sources Security of energy supply
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R&D achievements Grid batteries Carbon capture systems Offshore wind parks Small scale nuclear power plants Fourth generation nuclear power plants Vehicle-to-grid Smart grid (smart metering) North West Europe price coupling due in November ...
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Investments into R&D in utility business 4 more than 7 times lower than the EU average among other industries more than 25 times lower than in the EU technological industries the lowest income from innovative products among all other major industries (Institute for Prospective Technological Studies of the European Commission's Joint Research Centre) no a utility company in the top list of the world’s most innovative companies
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Why is it so? 5 Historic market design Policy making Regulatory environment ‘As regulated companies, TSOs have limited access to the financial benefits of technological innovation. The lack of explicit regulation means that R&D expenses are often treated as any other operating expense. In fact, the drive towards increasing cost-effectiveness tends to reduce R&D allotments on a yearly basis.’ (an extract from ENTSO-E R&D Roadmap 2013-2022, p. 27)
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What should be done? 6 let the market play its role fix and improve EU ETS harmonize subsidy schemes for RES in all Europe and integrate RES into the European market introduce SMART regulation
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Nordic countries (zonal) 1 GW 2016 Baltic peak demand and cross-border capacities 4,9 vs 4,8 GW Poland (central dispatch) 0,5 GW 3 rd countries 0,6 GW Nordic countries (zonal) 0,7 GW 3 rd countries (nodal) 2 GW Baltic electricity markets in 2016 – crossroad of energy flows 7 ► Lithuania is the crossroad in Baltic-Nordic-Polish-Russian/Belarusian market
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Thank you for your attention! 8 www.litgrid.eu
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