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The European Commission’s Market Design Initiative (MDI) rightly identifies investment and security of supply, demand-side participation in markets, and market governance as three central pillars of a successful market reform. In framing the initiative’s priorities, however, the Commission has neglected… View Summary +
The European Commission’s Market Design Initiative must envision a future electricity market with engaged consumers at its heart. Achieving this requires wholesale and retail markets to be more closely linked. Both consumption and production of electricity will need to interact… View Summary +
The EU Commission’s market design communication focuses primarily on the question of whether and how to intervene in support of investment in needed capacity. However, this issue must be addressed within the context of meeting climate and energy targets for… View Summary +
In this response to the European Commission’s public consultation on a new electricity market design, RAP sets out its view on the roles of markets and support policies in the context of the transition to a decarbonised power sector. The… View Summary +
The EU has set an ambitious goal of reducing its greenhouse gas emissions by 40 percent by 2030. This will require significant investment in renewable energy sources such as wind and photovoltaics as well as measured policies to deal with… View Summary +
Much like the character Inigo Montoya who, in the movie The Princess Bride questions Vizzini’s relentless repetition of the word “inconceivable,” I find myself wondering whether many of those who insist over and over again that the EPA’s… View Summary +
Ensuring that an acceptable level of electric system reliability is maintained as the Clean Power Plan is implemented is in everyone’s interest. This short paper suggests ways states can think about their reliability targets and associated tolerance bands in assessing… View Summary +
A responsive demand side is critical to the success of the integrated European electricity market (IEM) and, more particularly, to the cost-effective transition to a decarbonised electricity market. The intermittent nature of renewable technologies such as wind and PV makes ensuring a… View Summary +
Competitive wholesale power markets are designed to sustain needed investment through market participants hedging risks in response to transparent pricing in the energy and ancillary services markets. But in practice, it’s been a challenge to realize market prices fully reflective… View Summary +
Achieving Europe’s low-carbon goals while maintaining a competitive and secure power system requires a refined market designed to drive transformation at least cost. The Pentalateral Energy Forum, an initiative of Austria, Belgium, France, Germany, Luxembourg, the Netherlands, and Switzerland, is… View Summary +