Insights from Our Experts

Energy Efficiency: The Sweet Spot for Economic Stimulus After Brexit

by Jan Rosenow on

Brexit has opened a new era in British politics. Economic uncertainties and a potential slowdown in investment are likely to stay with us in the short to medium term. The Chancellor has made clear that he is prepared to “reset” fiscal policy after Brexit, and the Prime Minister announced the launch of a “proper industrial…

Efficiency First: From Principle to Practice

by Jan Rosenow on

New study presents real world examples of Efficiency First from across Europe The EU’s energy infrastructure faces numerous challenges over the next decades. It needs to be decarbonised whilst ensuring the competitiveness of EU industry, providing energy security, addressing energy poverty, and empowering consumers, who play a crucial part in the energy system of the…

Retooling Regulation: a Closer Look at Integrating Energy and Environmental Policy

by Christopher James Ken Colburn on

Part one of this series described why it is increasingly necessary to integrate energy and environmental planning and introduced one way to do so, the E-Merge approach. Improvements in public health science, detection technologies, and modeling over the last 25 years require parallel improvements in our decades-old regulatory approach for air quality. Likewise, the rapidly…

Germany Adopts “Efficiency First” Principle – Let’s Work to Make it a Reality

by Jan Rosenow Andreas Jahn on

The German government recently published its Green Paper on Energy Efficiency and launched a consultation process inviting comments on the ideas put forward in the green book. RAP’s detailed response provides evidence and examples of the essential role that end-use energy efficiency must play in a faster and lower-cost transition to a clean energy economy….

Transparenzanforderungen der Energiewende

by Andreas Jahn on

Im Fokus der weiteren Reform des europäischen Energiemarktes sollen nach dem Willen der Europäischen Kommission, des Europäischen Rates und des EU-Parlaments die Haushalte und Geschäftskunden stehen. Der gemeinsame EU-Strommarkt mit den gekoppelten nationalen Strommärkten erspart den Verbrauchern in der EU bereits heute Kosten in Milliardenhöhe. Allerdings lässt sich das Potenzial möglicher Einsparungen bislang nicht in…

Why the UK will Miss its Climate Targets Without a Step-Change in Building Energy Efficiency

by Jan Rosenow Pedro Guertler on

The last 18 months have been a major set-back in the British policy landscape affecting carbon emissions from buildings: the trajectory to zero carbon new build has been paused; government support for Green Deal finance was withdrawn with no alternative mechanisms in place to encourage and enable investment by able-to-pay households; government announced that funding…

Delivering the Benefits of Customer Participation in the Energy Market

by Philip Baker on

Europe’s new energy project promises to put a focus on consumer interests, yet what this new market would look like in practice is often poorly understood. As the European Commission ponders the design of a new and interconnected energy market for Europe, it needs to make sure this market benefits consumers, while not disadvantaging suppliers….

Wholesale Electricity Markets and Pricing in China: How is Reform Going?

by Max Dupuy Wang Xuan on

Implementation of wholesale electricity markets is a major theme of China’s power sector reform effort, launched in early 2015. The central government has issued guidance documents on market design, and various Chinese provinces and regions have announced pilots for wholesale electricity markets. However, policymakers are still working to specify and build consensus for wholesale price…


by Max Dupuy on

设计和实施竞争性的电力批发市场并不容易。即使是对电力市场拥有长期经验的欧洲,仍然需要解决很多问题。大规模发展可再生能源的目标,在欧洲政策者起初转向自由电力市场的时候几乎还不存在,而现在已成为新的挑战。 欧盟对能源未来的愿景中,包括了建立对新的市场参与者开放的具有高度竞争性的电力市场。这对于支持大量灵活性资源和实现可再生能源并网的目标非常重要。然而,电力批发市场易受到不充分竞争和市场操纵的影响。事实上,电力市场比其他行业更易受影响的主要原因在于储电的局限性和对电网拥堵的敏感性。欧洲的一些地区努力确保电力市场拥有充足的竞争性,然而,还有大约一半的成员国,他们最大发电公司所占的市场比率大于百分之五十,这说明存在着明显的市场操纵和滥用市场权利的情况,可能会为电力消费者带来昂贵的成本。 从90年代后期开始,欧盟开始朝着搭建和谐的电力行业结构努力,并开始为建立欧盟范围的内部电力市场打下基础。欧盟指令要求所有成员国建立竞争性电力批发市场,开放电力零售行业竞争并放开零售电价,打开发电、输电、配电各环节,确保非歧视的发电调度,并通过设置独立系统运营商提供非歧视第三方电网管理和运营,采用市场机制分配互联电网的容量,并建立专注于能源行业的独立监管机构。许多成员国都完成了大部分甚至全部的要求,取得了很大的进步。然而,欧盟电力市场仍有待改进,在电力批发和零售市场的竞争度、市场设计及其功能、各环节独立的程度和非歧视性、政府参与度、以及监管者的独立性和作用这几个方面,各个成员国仍存在巨大的差别。 睿博能源智库新的报告(英文版下载链接)强调了改善欧洲市场监督对促进充足市场竞争的重要性。这篇报告明确了两种市场监督类型,理想情况下,这两种市场监督功能应该互相结合: 市场监测来审查市场违规行为并处以罚款。 市场绩效评价来检查和改善市场功能。市场规则的不断回顾和调整非常重要,以便保证市场结果满足政策制定者提出的目标。这些目标包括系统可靠性,成本控制,环境影响,以及可再生能源并网。 睿博能源智库建议欧盟政策制定者应该将两个市场监督功能合并,并由一个独立的、具有充足资源和能力的欧洲监管权力机构负责。 欧盟能源批发市场完整性和透明度法规(REMIT)为市场监测划定了权限。然而,欧洲能源监管合作机构 (ACER)和一些成员国能源监管机构不具备足够的人力,在处理不遵守市场规则的企业问题时困难重重。最近,欧洲各国在市场监管执法方面采取了一些新的行动,例如,2015年西班牙的Iberdrola发电公司由于操纵市场被判处罚款。 同时,市场绩效评价由于涉及多个法规共同作用,也很薄弱。存在多个监管机构在这一领域的责任不明确和权力的互相重叠,包括欧盟、欧洲能源监管合作机构(ACER)、欧盟能源监管委员会(CEER)和成员国监管机构。鉴于欧盟正迈向更广泛的市场结合和跨国电力交易,睿博能源智库建议市场监督职责应该明确地赋予区域或者欧盟级别的一个监管实体。这篇报告也建议市场监督职能应该独立,有过硬的技术为支撑,监管过程透明,并具备能力和尺度以便及时综合地分析观察市场数据。 世界上确保电力批发市场具有有效的竞争是一个许多年不断出现的难题。由于条件和政策目标的改变,政策制定者需要不断回顾市场规则和市场结构从而保证政策结果满足预定的目标并且保护消费者。市场监督是一个重要的方面(从历史的角度来看,读者可能会对我们在这些问题上针对90年代的美国和2003年的中国所提出的建议感兴趣)。此外,市场监督为确保可再生能源并网所需要的新的灵活性资源—包括需求侧资源—能够轻松地进入市场也同样重要。

Energy Prices, Not Capacity Mechanisms, are Key to Ensuring Reliability at the Lowest Cost

by Michael Hogan on

Electricity generators often claim that prices cannot fully reflect the value of the reliability they offer the market. Hence they insist they need separate capacity payments to justify investments. But according to Mike Hogan, the current energy market design is fully able to reflect the value of reliability, even if it doesn’t always do so…