Design the electricity market(s) of the future : proceedings from the Eurelectric-Florence School of Regulation conference 7 June 2017
ROSSETTO, Nicolò (editor/s)
Florence : European University Institute, Robert Schuman Centre for Advanced Studies, 2017Florence School of Regulation, Energy, Electricity
ROSSETTO, Nicolò (editor/s), Design the electricity market(s) of the future : proceedings from the Eurelectric-Florence School of Regulation conference 7 June 2017, Florence : European University Institute, Robert Schuman Centre for Advanced Studies, 2017Florence School of Regulation, Energy, Electricity - https://hdl.handle.net/1814/50004
Retrieved from Cadmus, EUI Research Repository
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.
Table of Contents:
-- Session 1: The market goes local -- Session 2: Solving the investment equation -- Session 3: Security of supply : a consumer’s choice
Cadmus permanent link: https://hdl.handle.net/1814/50004
Full-text via DOI: 10.2870/420547
Series/Number: Florence School of Regulation; Energy; Electricity
Keyword(s): Electricity market design Electricity system operation Renewable energy integration Decentralisation of the electricity industry Digitalisation of the electricity industry
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