The choice between using the EU ETS or national climate targets to decarbonise is a false dilemma. We need both, explains Chiara Corradi at T&E writing for the Florence School of Regulation. There are plenty of examples where a carbon market and national targets have delivered good results together, as in Germany, Finland, Denmark and Portugal. And, looking ahead over the next few decades, the right policies should be able to cope with ETS … [Read more...]
Green District Heating: can the energy crisis + new carbon targets drive new investment?
Rebecca Pool, writing for ESCI, describes green district heating projects where the operator is a “middle man” between new energy generators (waste heat, renewables, etc.) and end users. The energy crisis has created an opportunity, as unpredictable gas prices combined with new carbon targets have made the long-term investment more attractive. But district heating is in direct competition from heat pumps and natural gas, so it needs to be price … [Read more...]
Europe’s decoupling of electricity and gas prices: the crisis is temporary, so why do it?
The debate is intensifying over how to decouple power prices from the extraordinarily high natural gas prices in Europe. Simona Benedettini and Carlo Stagnaro warn that the current problem of high prices is not caused by the mis-functioning of electricity markets, but by the exceptional trend in gas prices. So should the markets be re-designed at all? Will we lose the benefits of the current design, one being the reliable profits that renewables … [Read more...]
DSOs can use digitalisation to empower all grid stakeholders
Distribution System Operators (DSOs) are in charge of operating, maintaining and developing the distribution network to ensure that electricity is delivered to end-users in a secure, reliable and efficient manner. Harry Taylor, Chris Collins and Erik Rakhou at Baringa Partners spell out what DSOs need to do to take full advantage of digitalisation technologies and processes to make them fit for a rapidly transforming energy system. A growing … [Read more...]