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Accomplishing climate neutrality by 2050 requires a zero-emissions power sector by the mid-2030s. Securing a decarbonized power system early will unlock pathways for the whole economy. One of the biggest challenges to accomplishing this ambitious goal is time—we have a need for speed if we want to meet decarbonization goals by 2035. This is why RAP has c...
European policymakers are weighing possible responses to the extraordinary surge in energy prices and the consequences for citizens and industry. The European Commission expects to issue additional guidance in May, following analysis due in April from the Agency for the Cooperation of Energy Regulators. Targeted relief to vulnerable consumers should be undertaken...
The first ten months of 2021 have seen dramatic increases in energy prices in Europe and elsewhere. Experts now agree that the surging international demand for liquified natural gas and the rise in gas prices are driving electricity prices to seldom-seen heights. The fact that fossil gas accounts for 45% of household energy for heating is real reason for concern,...
In a second-round submission of comments to the Public Utility Commission of Texas's proceeding on market design, RAP offered recommendations for reforms to the Electricity Reliability Council of Texas (ERCOT) energy market, focusing on resource adequacy, demand response and ancillary services....
In response to questions posed by the Public Utility Commission of Texas in its review of wholesale market design, RAP offered comments considering the range of power grid issues posed by the February 2021 outages that hit the state, focusing on remediating the identifiable root causes while preserving what is best about the Texas electricity market....
Given the urgency of the transition to clean energy, Europe has set its sights high. The European Union aims to halve greenhouse gas emissions in the next ten years and attain net zero by 2050. Electrification from renewable energy resources will play an important role in these decarbonisation efforts. The European Commission envisions offshore...
PJM and the other U.S. independent system operators/regional transmission operators have a record of delivering enormous consumer benefits in the 20-plus years since organized wholesale markets were first introduced in the United States. But the Minimum Offer Price Rule order issued by FERC in December – requiring PJM to rewrite its capacity market rules ...
With its pending Green Deal, the European Commission is striving to make Europe the first climate-neutral region by 2050. A lot is at stake with this goal. The transition to clean energy can help mitigate climate change and bring extensive social, health and well-being benefits to all Europeans. This process, however, is not without costs, particularly in the sho...
