Mapping the course of the EU "Power Target Model"... on its own terms
Title: Mapping the course of the EU "Power Target Model"... on its own terms
Author: GLACHANT, Jean-Michel
Series/Number: EUI RSCAS; 2016/23; Florence School of Regulation
The European Union took more than 20 years to start defining a common market design for its internal electricity market: a European Power Target Model. And, a further 10 years to fully implement it. Meanwhile, the reference generation set of that model has shifted from CCGT burning gas to RES units transforming intermittent natural resources. Could the existing EU target model continue to work well for the short- term operation and long-term investment? If not, can the existing EU institutions easily produce an "RES resilient" new power target model?
Subject: Market design; Power market; EU Internal market; EU Target Model; Energy Union
Type of Access: openAccess