When electricity market design meets innovation from ENTSO-E
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MARKETS AND INNOVATION DELIVER THE ENERGY UNION Ben Voorhorst Vice-Chair of the Board 20 November 2015 ENTSO-E Annual Conference Brussels
Transcript of When electricity market design meets innovation from ENTSO-E
MARKETS AND INNOVATION DELIVER THE ENERGY UNIONBen VoorhorstVice-Chair of the Board
20 November 2015ENTSO-E Annual Conference Brussels
Moving towards a flexible power system
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Source: EEX
Balancing responsibility and scarcity pricing required
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Imbalance prices need to better reflect scarcity
Scarcity-pricing for system scarcities
• Unconstrained price-formation
• (Capacity, flexibility, system services)
• Risk-hedging tools• Balancing
responsibility• Retail
participation
Efficient price signals for a future-proof market design
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Value energy, flexibility and system services
Integrate renewables into the market
Let risk-hedging products develop
Create a regional and European framework for RES support mechanisms
Empowering consumers
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Consumers choose their level of flexibility
Smart metering and phasing out load profilesConsumers need to be present in all marketsRemove barriers for distributed flexibility Europe wide
Our recommendations for 2016
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Prices reflecting scarcity as part of the Electricity DirectiveReduce price-blunting effects of taxes and leviesLet customers choose among contract types, by valuing flexibilityRemove barriers on distributed flexibility Europe wide
Markets and customer empowerment contribute to security of supply
Ben VoorhorstVice Chair of the Board
Thank you for your attention
