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17.07.2018

The FSR Director at IIEA | Listen to the podcast presentation from Dublin!

On 16 July 2018, the FSR Director gave a presentation at the Institute of International & European Affairs, Ireland’s leading think tank on European and International affairs. […] read more

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17.07.2018

How to capture the value of energy storage in EU low carbon energy system?

On the 6th of July 2018, the Florence School of Regulation and Gas Infrastructure Europe (GIE) jointly organised a policy workshop dedicated to ‘The Value […] read more

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10.07.2018

Network Codes versus Guidelines

Week 1 – FSR Topic of the Month: Network Codes & Guidelines. A legal perspective. by Lavinia-Petronela Tanase (FSR) Pursuant to the 3rd Energy Package, the […] read more

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6.07.2018

International Dialogue on Regulatory Quality – ANEEL and FSR

FSR participated in the ‘International Dialogue on Regulatory Quality’ event organised by the Brazilian Electricity Regulatory Agency (ANEEL) and the Brazilian National School of Public […] read more

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4.07.2018

The General Data Protection Regulation

The new European Data Protection Regulation (GDPR), which came into force on 25 May 2018 across all EU Member States, has overhauled the EU data […] read more

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3.07.2018

Francesco Nicolli attending conference in Korea

Francesco Nicolli, Research Associate at FSR Climate is attending this week the ISS 17th Conference in Seul, Korea to present the paper The world’s factory and […] read more

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Topic of the Month

3.07.2018

Energy sector regulation on the Indian Ocean islands

Week 4 – FSR Topic of the Month: Energising Islands in the age of transition This month, the FSR is featuring the energy transition in […] read more

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2.07.2018

Isabella Alloisio delivered a lecture at FSR Energy Union Law training course

Isabella Alloisio, Research Associate at FSR Climate, contributed to the Residential training Unpacking the Legal content of the Clean Energy Package, which took place in Florence on […] read more

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29.06.2018

All Things State Aid!

Do you want to find out more about EU rules surrounding State subsidies and how they play out in the energy sector? Access our latest […] read more

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How to capture the value of energy storage in EU low carbon energy system?

- Gas

On the 6th of July 2018, the Florence School of Regulation and Gas Infrastructure Europe (GIE) jointly organised a policy workshop dedicated to ‘The Value of Energy Storage in Supporting EU’s Security of Supply and Decarbonisation Goals’.

Gas storage was traditionally one of the main sources of seasonal flexibility, security of supply and the system value. However, as some studies show, the value of storage has been challenged in recent years due to the decreasing gas demand, narrowing summer/winter spread, greater pipeline flexibility and converging energy prices across Europe.

Energy storage becomes even more important as the need to integrate a higher ratio of variable renewable energy into the energy system grows. The changing role of storage in a climate-friendly energy system and the potential alternative technologies such as Power-to-Gas (P2G) were the topics of the first session chaired by Andris Piebalgs (FSR).  In general, the participants agreed that the future energy system should be based on a more integrated approach such as sector coupling or sector integration linking both the electricity and gas sectors.

However, a more integrated approach might require some modifications to the current regulatory framework, which were discussed during the second session chaired by Lubor Veleba (GIE). Most participants agreed that all solutions should be market-based, but at the same time should ensure that the value of positive externalities created by gas storage is captured. Moreover, any potential regulatory changes need to be based on the principle of technology neutrality.

The workshop concluded with a discussion around the anticipated new Gas Package, expected to be released in 2020. The publication of 2020 Gas Package will be preceded with a number of significant events:  the discussions on the new Long-Term Climate Strategy, the sector coupling study launched by the European Commission to be released in the first quarter of 2019 and the follow-up study on sector coupling to be finalised by the end of 2019. One thing is certain; the following months will be crucial for the future of the gas sector in Europe.

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