A further significant step towards an integrated European power market was taken recently as the Italian Borders Market Coupling was successfully launched. The Italian-Austrian, Italian-French and Italian-Slovenian borders have now been coupled with the Multi-Regional Coupling (MRC) instrument. Thanks to this coupling, 19 EU power markets - from Finland to Portugal and Slovenia – are now integrated into a single market platform. … [Read more...]
Offshore wind in the Kattegat: a unique opportunity for Europe
New figures show that the Anholt offshore wind farm in the Kattegat between Denmark and Sweden had an impressively high capacity factor of 50% last year. This is all the more impressive since, as Mike Parr, Director of energy consultancy PWR points out, 2014 was a year with unusually low wind speeds. In an average year the capacity factor would have been more like 75%. This means, writes Parr, that if just 10% of the Kattegat region were … [Read more...]
Experts from World Energy Council highly critical of Energiewende
The German Energiewende cannot serve as a model for other countries. It is a threat to European security of supply, will have a negative impact on German growth prospects in the short term and is too costly. That’s the opinion of a majority of experts from 35 member organisations of the World Energy Council from across the world. … [Read more...]
Back to a nuclear future: the Abe government restarts Japan’s energy policy Â
The renewed mandate Japan's Prime Minister Shinzo Abe received from voters in the snap election in December will have big implications for the Japanese energy industry. Abe is set on re-starting closed nuclear reactors - and scaling back renewables subsidies. A recent report from the Institute of Energy Economics in Tokyo backs him up, saying that “renewable power generation capacity has increased too rapidly”. But a majority of Japanese are … [Read more...]
Brussels tests limits of its powers with Energy Union
Energy Post takes stock of what the proposals for an Energy Union mean and ponders the key question: can Brussels deliver? The Commission is pushing hard on a far-reaching redesign of the electricity market, which is to be driven by the EU Emission Trading Scheme and increasingly run by EU institutions. In gas Brussels also wants to take a central role. When it comes to climate policy, the Commission has some substantial new proposals on energy … [Read more...]
Highlights from the Energy Union package – and responses
The European Commission announced its plans for a far-reaching Energy Union for Europe on 25 February, with a work package full of legislative and non-legislative actions for the next two years. Brussels also presented a strategy for the UN climate talks in Paris in December and a paper on how to meet electricity interconnection targets inside the EU. We present the highlights plus some responses. For a detailed analysis, see the accompanying … [Read more...]
New Silk Roads and the “Chinese Dream” of a Brave New (Trade) World
Seen from the Chinese capital as the Year of the Sheep starts, the malaise affecting the West seems like a mirage in a galaxy far, far away. On the other hand, the China that surrounds you looks all too solid and nothing like the embattled nation you hear about in the Western media, with its falling industrial figures, its real estate bubble, and its looming environmental disasters. Prophecies of doom notwithstanding, as the dogs of austerity and … [Read more...]
EU turns up the heat: finally, a policy push for heating and cooling (half our energy use) Â
Heating and cooling accounts for almost half of primary energy consumption in Europe, yet it has been largely ignored in the EU’s climate and energy policies. This is now starting to change. At the end of this year, member states in the EU must submit an assessment of the low-carbon potential provided by co-generation and district heating systems. Clare Taylor looks at some of the EU-funded district heating and co-generation projects that are … [Read more...]
Brussels goes green in key EU ETS and biofuels votes
The European Parliament voted in favour of a much-needed reform to the EU Emission Trading Scheme (ETS) and new rules to guard against indirect land-use change (ILUC) from biofuels on Tuesday, opening the door to deals with member states on both files before the summer. … [Read more...]
DNV GL: 60% integration of renewables in European distribution grids feasible by 2030
The integration of approximately 60% of renewables into the European electricity system will be feasible by 2030, but will come with an extensive expansion of infrastructure, including transmission and distribution networks as well as conventional backup generation. The challenges of grid integration of renewables can be mitigated by a number of technical and regulatory measures. These are the findings of a DNV GL study for the European … [Read more...]
Interview Jean-Michel Glachant: “To get an Energy Union, you need new institutions”
The “Energy Union” for Europe is a dream that the European Commission will find hard to realise with its existing powers limited to the internal market and competition law, says Jean-Michel Glachant, Robert Schuman Chair, Director of the Florence School of Regulation and Director of the Loyola de Palacio Energy Policy Programme at the European University Institute. In an interview with Energy Post, he applauds the ambition behind this creative … [Read more...]
Waiting for the next oil crisis
Many commentators have pointed out that, as current low oil prices make it difficult for oil companies to invest in exploration and production, we can expect lower supply in future, and therefore a return to high prices. But according to Nick Cunningham of Oilprice.com, the reality is much worse. He notes that even when oil prices were high, over the past years, oil companies were struggling to replace their reserves. The world, he warns, will … [Read more...]
Georg Zachmann, Bruegel Institute: “The EU must go for an Energy Union – or renationalise energy markets”
“We can either go for a European market or a renationalisation of energy policy. Trying to incentivise investment with volatile national schemes and have a European market at the same time is the worst option.” That’s the opinion of influential German energy expert Georg Zachmann, Research Fellow at the Brussels-based think tank the Bruegel Institute. In an interview with Energy Post, Zachmann, who has published widely about EU energy policy, … [Read more...]
The significance of the UK party leaders’ joint climate pledge
The UK's three main political leaders have pledged to tackle climate change after the next election, whatever the outcome. Simon Evans of the Carbon Brief assesses the significance of the unusual joint pre-election pledge. He concludes that the substance of the agreement is not new, but it will “prevent backsliding on climate policy by future governments”. It will also serve as an example to countries across the world.  … [Read more...]
The Energy Union: it’s now or never for a European energy policy
Rarely has an idea conquered the policymaking conversation in the EU as rapidly as that of the Energy Union. In less than a year it has become the big package in which all EU climate and energy policies are to be wrapped up. Where did the idea come from? How will it change EU energy policy? Editor Karel Beckman spoke to experts from Poland, Luxembourg, France, Italy and the UK to find out. They agree it's now or never for a true European energy … [Read more...]
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