Final event: “Recommendations to policy makers on the future options of electricity market design”
(20 October 2016, Brussels, 13:00 – 18:30)
The agenda is available here, while the presentations delivered are accessible below:
- Final conclusions of the Market4RES project, Andrei Morch, Sintef Energy Research
- A view on the policy recommendations on electricity market design post 2020, Ove Wolfgang, Sintef Energy Research
This event was organized to wrap up the MARKET4RES project, and present the final conclusions reached after more than two years of research. The final publication is available here.
Two speakers from Sintef Energy Research presented this final report, highlighting the challenges that have been identified. A key point in these discussions was how to reform support instruments for renewables in order to reduce interference with short term market signals and limit public support to new generation assets.
The second part featured a panel debate to discuss the future electricity market design options. The panel included high-level representatives from WindEurope (Belgium), Comillas Pontifical University (Spain), ENTSO-E (Belgium), EURELECTRIC (Belgium), DG Energy (European Commission), and ERG SpA (Italy).
It was a pleasure to welcome all attendees to the final MARKET4RES event.
Event: “An electricity market fit for renewables: Considering design options for the electricity market post 2020”
(17 June 2016, Brussels, 9:00 – 14:00)
The agenda is available here, while the presentations delivered are accessible below:
- Introduction, Andrei Morch, Sintef Energy Research
- Implementation of new market design options with large shares of Renewables, Daniel Fraile, WindEurope
- Market design in the long term: high shares of renewables penetration and security of supply (updated), Aurèle Fontaine, RTE
- Results of the stakeholder consultation on market design, Ove Wolfgang, Sintef Energy Research
This event was organized to present and openly discuss with stakeholders the preliminary project findings and potential evolution of the European electricity markets. The preliminary results are available here.
The final goal of Market4RES is to deliver guidelines for policy makers in the implementation of electricity market design. This is extremely relevant and timely, considering that the European Commission will propose legislative reforms on the electricity sector toward the end of 2016. As such, speakers from Sintef (Norway), WindEurope (Belgium) and RTE (France) took the floor to talk in detail about market risks and instruments in RES projects, and regulatory intervention and support.
During the second part of the event, Sintef (Norway, project cooridnator) presented the results of the written stakeholder consultation launched by Market4RES, followed by a panel debate that further discussed the next steps to take in order to reform the European electricity markets. Panelists included the Federal Ministry for Economic Affairs and Energy of Germany, EURELECTRIC (Belgium), ENTSO-E (Belgium), the University of Comillas (Spain), DG Energy (European Commission), and WindEurope (Belgium).
WindEurope has a Flickr account! Please find additional pictures here.
Event: “How to pave the road into the renewable future: Electricity market analyses and policy implications for 2020-2030”
(19 May 2016, Brussels, 9:00 – 16:30)
The agenda is available here, while the presentations delivered are accessible below:
- Introduction, Ove Wolfgang, Sintef Energy Research
- Power system evolution in the light of investor risk considerations, renewables support, CO2 taxation and demand response incentives, Aurèle Fontaine, RTE
- Short term (operational) impacts of the timing of markets and RES support schemes, Fernando Banez, University of Comillas (2 presentations)
- Market performance: energy only, capacity remuneration and RES support schemes, Peter Ahcin, Sintef Energy Research
- Assessment of future balancing market mechanisms, Bettina Burgholzer, University of Vienna
- Impacts of demand flexibility with different RES shares, Sophie Dourlens-Quaranta, Technofi
- RES penetration: roadmap for the transition from Feed-in-Tariffs to market-based schemes, Daniel Fraile, WindEurope
- Market4RES project in concluding stages. Preliminary findings and Policy recommendations in view of upcoming public consultation, Ove Wolfgang, Sintef Energy Research
The first part of the event focused on few quantitative assessments of the post 2020 evolution of the Target Model (TM), including: market performance of energy only, capacity remuneration and renewable energy sources (RES) support schemes; short-term operational impacts of the timing of markets and RES support schemes; impact of renewables support mechanism on incentive for demand-response deployment.
The second part of the event dealt with RES penetration under the current Target Model. Amongst other topics, impacts of demand flexibility with different RES shares as well as with the transition from Feed-in-Tariffs to market-based schèmes were considered.
Speakers included Sintef (Norway), Technofi (France), the Energy Economics Group of the University of Wien (Austria), RTE (France) and WindEurope (Belgium).
Webinar: “Modelling of short-term markets – focus on the expected impacts of new RES support schemes”
(27 November 2015, 14:00 – 15:30 )
The agenda is available here.
- Presentation 1, Introduction and purpose of the workshop, Sophie Dourlens-Quaranta, Technofi
- Presentation 2, The OPTIMATE Platform, Adrien Atayi, RTE
- Presentation 3, Impact of RES support schemes on short-term market outcomes, Sophie Dourlens-Quaranta, Technofi
During this event, organized in the form of a webinar, TECHNOFI and RTE provided an update of their studies in Market4RES WP4.
On the one hand, the functionalities of the OPTIMATE tool were presented and recent developments unveiled. The OPTIMATE prototype used within Market4RES allows for modelling the day-ahead markets’ outcomes and compare the impacts of different market design options. OPTIMATE last release will also allow the user to perform studies related to intraday trading and balancing markets. For instance, the impacts of using explicit or implicit orders in the balancing market, or changing TSOs operational time frame for balancing, can be assessed.
On the other hand, the methodology implemented within Market4RES was presented, in particular with regards to the assessment of RES support schemes at 2020 as presented in Market4RES Deliverable D4.2. Proposals for configuring demand flexibility parameters were also discussed in view of the study carried out by TECHNOFI about demand-response impacts on short-term markets. The results of this study will be gathered in the report D4.3 to come.
The outcome of this event can be found here. The same document reports also the outcome of the expert workshop on electricity market design options in the 2020 Framework, that took place in Brussels on 22 May 2015 (see below).
Stakeholder Consultation: “Most promising options for the design of pending electricity market developments in the IEM”
(Brussels, 24 June 2015)
This event followed the expert workshop held on 21 April 2015, where possible design options to investigate related to main pending market developments were identified and their pros and cons were discussed.
Developments discussed concerned both long term and short term markets. The market design issues that the Consultation focused on, were:
Long-term electricity markets
- Possible use and design of Capacity Remuneration Mechanisms (CRMs);
- Support payments to RES generation (including both long and short term effects of these);
- Participation of demand in long term markets;
- Long term cross-border products.
Short, and very short, term electricity markets
- Evolution of the network model considered in short term markets;
- Timing of short term markets;
- Bidding protocols and pricing;
- Balancing market evolution;
- Participation of demand in short term markets.
The outcomes of the Consultation will be available soon.
The agenda and more background information can be consulted HERE.
The presentations discussed during the Stakeholder Consultation are available below:
- Preliminary assessment of market design options (L. Olmos, P. Rodilla, Pontifical Comillas University);
- Most promising option for the design of pending electricity Market development in the IEM (A. Z. Morch, SINTEF Energy Research);
- Most promising market design options – Network Representation (P. Rodilla, Pontifical Comillas University);
- Most promising market design options – RES Support (L. Olmos, Pontifical Comillas University);
- Most promising market design options – Balancing Markets (L. Olmos, Pontifical Comillas University).
Pictures of the event on 24 June 2015.
Expert workshops on “Validating the specifications of the studies about electricity market design options within the 2015-2020 period” & “Market based mechanisms to integrate high levels of renewables while assuring security of supply in the post-2020 period”
(Brussels, 22 May 2015)
The day was divided between the two expert workshops, for one of which the participants worked in two parallel working groups.
A Public Consultation was distributed during the event. The Market4RES consortium invites you to comment on the Deliverable 4.1 “Specifications of the most adequate options for flexibility markets and RES support schemes to be studied in a cross-border context“. Within this report, studies that will be performed with the OPTIMATE simulation tool are specified. Please download the consultation instructions.
Answers to this public consultation shall provide:
- Comments about the three scenarios chosen (regarding their qualitative description, the choice of key parameters, the choice of the sources of data, etc.);
- Comments about how the market architecture options to be studied are combined with the three scenarios;
- Proposals about the configuration of the RES support schemes to be applied in 2020, notably about the value of the price premium applied to new wind and solar installed capacities (see details in slides 38 and 41 of the presentation about the different scenarios);
Other comments are also welcome. We kindly invite you to send your response to the public consultation by 22 June 2015 to firstname.lastname@example.org.
The minutes of the event that took place on 22 May 2015 are available.
You can consult the agenda and presentations here:
1. Introduction, Peter Ahcin (Sintef Energy) and Sophie Dourlens-Quaranta (Technofi)
2. OPTIMATE numerical simulation platform, Adrien Atayi (RTE)
3. Methodology to quantify and compare the impacts of different market design options, Tiziana Pagano (Technofi)
4. Day-ahead market design options to be studied, Sophie Dourlens-Quaranta (Technofi)
5. Scenarios to compare market design options, Sophie Dourlens-Quaranta (Technofi)
6. RES scenarios 2030: a transition from a variable cost to a fixed cost-based electricity market, Peter Ahcin (Sintef Energy)
7. The role in the market: market design alternatives for a RES dominant electricity mix, Aurèle Fontaine (RTE)
Pictures of the event on 22 May 2015.
Stakeholder Consultation “Challenges for RES-E deployment in the European electricity market” & Expert Workshop “Assessment of options for the design of pending electricity market developments in the IEM”
(Brussels, 21 April 2015)
An introduction to the results of the research so far conducted by the project partners and an assessment of the market design models was given in the morning, followed by a discussion. The afternoon was interactive and focused on the development of the above-mentioned design models per time frame. The participants were divided into three working groups, namely very short-, short- and long-term and then presented their results. We warmly thank all participants for a very fruitful discussion!
You can consult the agenda and presentations of the event here:
1. Introduction by the Coordinator of the Project, Andrei Z. Morch (Sintef Energy)
2. Target Model – TM Assessment, Luis Olmos Camacho, Pablo Rodilla Rodríguez (Universidad Pontificia Comillas) and Bettina Burgholzer (Energy Economics Group- EEG of the Technical University of Vienna)
3. Empirical case study analysis emphasising the challenges in the very short-term, short-term and long-term electricity markets in Europe with high shares of RES-E penetration, Aurore Flament, Tiffany Chow, Ruben Verhaegen (3E)
4. Objectives and methodology for the assessment of design options, Luis Olmos, Pablo Rodilla, Pablo Frias, Camila Fernandes (Universidad Pontificia Comillas) and Bettina Burgholzer (Energy Economics Group- EEG of the Technical University of Vienna)
5. Market design options defined so far and assessment criteria, Luis Olmos, Pablo Rodilla, Universidad Pontificia Comillas
A Questionnaire to stimulate the discussion was distributed during the event. Opinions on the main pending market developments related to long-, short- or very-short term as far as the supply of required products (adequacy, clean energy and flexibility) is concerned were also received by email. Your help has pushed the project forward!
Pictures taken during the event on 21 April 2015.
Expert Workshop on ‘Opportunities, challenges and risks for RES-E deployment in a fully integrated European electricity market’
(Brussels, 16 October 2014) Attendees were project partners and experts from outside the project consortium.
You can consult the agenda here, as well as the presentations:
- Background of the Energy-only Market Problem, Hans Auer (Energy Economics Group- EEG of the Technical University of Vienna)
- Working document for the Group Work Hans Auer, Bettina Burgholzer (EEG), Pablo Rodilla Rodríguez and Luis Olmos (Universidad Pontificia Comillas)
- Challenges Ahead in European Electricity Market Design, Andrei Z. Morch, Sintef Energy Research
1st Market4RES Advisory Board Meeting
(17 October 2014, Brussels)
Stakeholders of Market4RES from TSOs, Consultancy, Market Operators and Industrial Associations were invited to participate in the Advisory Board, a working group that supports and advises the Market4RES Consortium on strategic and scientific issues.
The aim of this meeting was to validate the first findings of the project and the working plans for the next year. It gathered more than twenty representatives from the Market4RES Consortium and the Advisory Board, and concluded with a panel session.
WP2 “Opportunities, challenges and risks for RES-E deployment in fully integrated European Electricity Market” (EEG) was the first activity paving the road to the rest of the project. During the beginning of October three other activities were initiated:
- WP3 Novel market Designs and KPIs (IIT-Comillas)
- WP4 Appropriate Market Instruments for RES-E to meet 20/20/20 targets (Technofi)
- WP5 Modelling of Electricity Market design & quantitative evaluation of policies for post 2020 RES-E targets (SINTEF)
The next Advisory Board Meeting will be organised in November 2015.
Kick-off Consultation: Post 2020 framework in a liberalised electricity market with large share of Renewable Energy Sources
(28 April 2014, Brussels)
This (closed) event was attended by the full consortium and Advisory Board members, as well as invited external stakeholders (35 participants). The main purpose of the Market4RES kick-off workshop was to:
- Position the project within the context of EU discussions regarding the Implementation of the Internal Electricity Market today.
- Present the ‘scope’ and ‘objectives’ of the project within this general discussion on the Internal Electricity Market and EU policy.
- Present the project structure to main stakeholders.
- Introduction (Daniel Huertas-Hernando, SINTEF – coordinator Market4RES)
- Keynote speech: “Delivering the internal electricity market and making the most of public intervention – A policy framework for climate and energy in the period from 2020 to 2030″ (Joachim Balke, Øyvind Vessia, Unit C.1, Renewable energy and CCS policy, European Commission, DG ENER)
- Methodology of Market4RES (Daniel Huertas-Hernando, SINTEF)
- Opportunities, challenges and risks for RES-E deployment in a fully integrated European electricity market (Hans Auer, EEG)
- Novel market designs & KPIs (Luis Olmos ITT-COMILLAS)
- New market instruments for RES-E to meet the 20/20/20 targets (Sophie Dourlens, TECHNOFI)
- Modelling of electricity market design & quantitative evaluation of policies for post-2020 RES-E targets (Peter Ahcin, SINTEF)
Panel: “Implementation of the Internal Electricity Market & Climate – Energy Targets 2030: (How) Should the Target Model evolve post -2020?” (Moderator:Iván Pineda, EWEA)
- Keynote speech: “Delivering the internal electricity market and making the most of public intervention” (Oliver Koch, Deputy Head of Unit B.2 Internal Market-Wholesale Electricity & Gas, European Commission, DG ENER)
- Arthur Janssen (ENTSO-E)
- Jérôme Le Page (EFET)
- Juan Bogas (OMIE)
- Martin Povh (ACER)
- Volker Stehmann (EURELECTRIC)
- Frauke Thies (EPIA)
- Oliver Koch (DG ENER)