Sara Stefanini provides a written summary of our panel discussion held on Thursday June 30th 2022. Itâs a full summary of the 90 minute discussion (including audience questions), but it begins conveniently with a summary of the highlights. Investment in and the modernisation of the electricity distribution grid is one the biggest challenges the EU has to overcome in the next decade. Itâs a âŹ400bn investment challenge by 2050 says Eurelectric, an … [Read more...]
4 ways to cut whole system electricity costs with flexible Demand Side Management
Right now, energy system costs are driven by generation capacity, infrastructure upgrades, network reinforcements, curtailment and constraint payments, and imbalance costs. Whatâs missing is the investment in a raft of demand side management assets that are ready to go but are not part of the market, therefore not rewarded, and therefore not being invested in. Laura Sandys at Energy Systems Catapult, writing for WEF, explains why flexibility must … [Read more...]
Electricity markets with high shares of Wind and Solar will need Nuclear
When electricity markets have high shares of wind and solar â the goal of many regions around the world â is it more efficient to build a nuclear power plant instead of investing further in more renewable capacity? The answer is yes, according to a study by Machiel Mulder, Xinyu Li and Arjen Veenstra at the University of Groningen. In essence, itâs because nuclear benefits from the high (scarcity) prices when thereâs little wind or sunshine. Here … [Read more...]
Chinaâs impressive growth in Renewables and Transmission now needs Market innovation
***REGISTER NOW for CHINA: Carbon Neutral by 2060 - INNOVATION*** - China has the worldâs largest power plant fleet for both coal and renewables. Together they make up most of the total power capacity of over 2,200 GW... STOP PRESS: China's Transition is the biggest single opportunity for managing climate change and also for those businesses who are ready with the innovations that will ensure the best possible outomes in an incredibly … [Read more...]
Seven ways for the U.S. and Europe to enhance energy security and advance climate goals
Ending reliance on Russian fossil exports will need the U.S. and Europe to work together, explain Joseph Majkut, Nikos Tsafos and Ben Cahill at the Center for Strategic and International Studies. The U.S. is the worldâs largest oil and gas producer and is able to increase output. At the same time, it must meet global emissions targets. The way to do it is to increase fossil exports temporarily whilst improving its carbon reduction measures (e.g. … [Read more...]
Solar + Storage Hybrid plants are poised for explosive growth in the U.S.
At the beginning of 2021 the U.S. had 73 solar and 16 wind hybrid projects, amounting to 2.5GW of generation and 0.45GW of storage. By the end of 2021, over a third of the 675GW of solar in the grid connection queue were hybrids, and 19GW were wind hybrids. Only one in four typically get approved, built and connected. But that still points at a twenty-five-fold increase in hybrid generation. Itâs why Joachim Seel, Ben Paulos and Will Gorman at … [Read more...]
Piloting peer-to-peer electricity markets in China and the EU
Peer-to-peer (P2P) electricity trading is being promoted, to varying degrees, in both the EU and China. It allows individual citizens and businesses to produce and trade their own solar power (local, rooftop), while enabling the close-to-real-time balancing of supply and demand to maintain system stability. Helena Uhde at the ECECP gives an insight into the current status, implementation, regulations and policies in both regions. She cites two … [Read more...]
Gas crunch causes electricity crisis despite record cheap clean energy. Time to create a âgreen energy poolâ?
In the UK and similar nations, the gas crisis is ballooning electricity prices too. Thatâs because the UK operates a wholesale electricity market where the most expensive power sets the price. As we enter an era where renewables are getting cheaper every year, itâs time to change that model so that consumers see the benefits, argues Michael Grubb at UCL. The design of electricity systems is not keeping up with the revolution in renewable energy. … [Read more...]
Where can Europe get its Gas if Russia cuts off supplies?
What impact will the confrontation between Russia and NATO over Ukraine have on Europeâs energy security? Russia provides nearly half of Europeâs natural gas, and Moscow could tighten the flow if hostilities break out. If that happens, where would Europe get its gas from? Amy Jaffe at Tufts University looks at the constraints on global LNG supply (mainly liquification and regasification capacity), the global ability to redirect shipments to … [Read more...]
Piloting green shipping corridors: Australia-Japan and Asia-Europe
The shipping industry is diverse, disaggregated and part of the logistical chain of 80% of global trade. So reducing its emissions (3% of the global total) will be complex. One way to cut through this complexity is to create a limited number of green shipping corridors between major port hubs, to pilot solutions. This can shrink the challenge of coordination between fuel infrastructure, vessels, firms and national policies down to a manageable … [Read more...]
The Gas Crunch: EU and China can share lessons on Energy Security and Renewables Integration
With adversity comes opportunity. The global gas crunch has hurt countries around the world but has also made them appreciate their common concerns. That has provoked policy-makers to take a serious look at current and future energy security policies. In the EU the competitive gas markets, enabled by short-term spot markets, has reminded us of the value of long-term contracts when prices are volatile and rising. Meanwhile, Chinaâs … [Read more...]
Yamal-Europe gas pipeline shows how EU competition rules backfire during a shortage
Europeâs gas deficit has concentrated minds on the Yamal-Europe gas pipeline which runs from Russia to Germany via Belarus and Poland, built in the 1990s. Andrei Belyi at the University of Eastern Finland explains how the rules for booking capacity worked well during times when gas was in plentiful supply, but now works against Europeâs gas security since the shortages emerged in September. The rules are designed to maximise competition between … [Read more...]
How to incentivise âdifferentiatedâ low-methane-emissions Gas
Cutting methane emissions from gas production is a major part of the worldâs strategy to limit temperature rises. The IEA says we need a 77% drop in methane emissions by 2030. The question is how to target and enact globally the required incentives and regulations that favour âdifferentiatedâ low-methane-emissions gas. Regulating international trade sounds like a great starting point, as an importer like the EU can twist the arm of anyone who … [Read more...]
Electricity Market Reform: ACER must empower consumers, not just network operators
ACER, the EU Agency for the Cooperation of Energy Regulators, has delivered to the EC its preliminary assessment of Europe's high energy prices and the current wholesale electricity market design. Simon Skillings and Lisa Fischer at E3G interpret ACERâs assessment as showing it wants to maintain the status quo. However, long-term changes in market design are inevitable. The authors want ACER to accept this reality and ensure the changes are … [Read more...]
IEA WEO 2021 message to COP26: 40% of clean energy goals will cut costs
The IEAâs latest World Energy Outlook was published on Wednesday. This yearâs WEO-2021 is released earlier than usual to inform COP26 and, for the first time, is available for free to ensure the widest possible audience. Simon Evans at Carbon Brief offers his summary of the 386-page report, quoting relevant numbers and charts. He first points to the new scenario, Net-Zero Emissions by 2050 (NZE), as the IEAâs recognition that this is what … [Read more...]
![](https://energypost.eu/wp-content/themes/dynamik-gen/images/content-filler.png)