Design the electricity market(s) of the future
Title: Design the electricity market(s) of the future
Editor(s): ROSSETTO, Nicolò
Citation: Florence : European University Institute, Robert Schuman Centre for Advanced Studies, 2017
Series/Number: Florence School of Regulation Energy
The profound transformation of the European electricity system is putting the design of the electricity markets that emerged during the restructuring of the 1990s and early 2000s into question. The need for decarbonisation and the wave of innovation in ICT are affecting the optimal functioning of those markets. New options, such as the ‘privatisation’ of service reliability, are becoming a reality, while some of the solutions adopted in the past, such as the reliance on day-ahead energy-only wholesale markets based on marginal pricing, are no longer sustainable. These changes call for a rethinking of the way markets are built within the EU. This is a fundamental step which academics, practitioners and policy-makers have to make together if they want to provide the conditions for long-term investments, integrate a growing amount of renewable energy sources efficiently and securely, and ensure the active participation of customers and communities at the local level.
Subject: Electricity market design; Electricity system operation; Renewable energy integration; Decentralisation of the electricity industry; Digitalisation of the electricity industry
Table of Contents:
-- Session 1: The market goes local -- Session 2: Solving the investment equation -- Session 3: Security of supply : a consumer’s choice
Type of Access: openAccess
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