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5th Florence Intermodal Forum

News

22.05.2019

5th Florence Intermodal Forum on the Internalisation of the External Costs of Transport

On May 20th 2019 the Transport Area of the Florence School of Regulation hosted its 5th Florence Intermodal Forum on the Internalisation of the External […] read more

Energy

Eurelectric Power Summit 2019 Innovation Award 20-21 May, Florence with Jean-Michel Glachant

News

21.05.2019

Eurelectric Power Summit 2019: Innovation Award

This year’s Eurelectric Annual Power Summit has been held yesterday and today, 20-21 May, in Florence. With the participation of academics, think-tanks, associations, start-ups, and […] read more

Gas

EU China summit about energy policy

News

15.05.2019

EU-China Energy Cooperation Platform

Launch event in Beijing Ilaria Conti, Florence School of Regulation Head of gas, will be attending today’s EU-China energy cooperation launch event in Beijing. The […] read more

Gas

gas tank used for gas storage in Europe

News

13.05.2019

The evolving role of gas storage in Europe

FSR Head of Gas Ilaria Conti’s interview with EURACTIV In her interview with EURACTIV, Ilaria Conti, Head of Gas at the Florence School of Regulation, […] read more

Energy

News

1.05.2019

We are hiring! Join the FSR online team

We are looking for a Project Assistant – VIDEO MAKER to join the FSR Energy & Climate online team! Main tasks and responsibilities include: Event […] read more

Energy

News

29.04.2019

FSR in Brussels: a new Africa-Europe Alliance for Sustainable Investment

A new Africa-Europe Alliance for Sustainable Investment and Jobs The aim of the Alliance is to take the EU’s partnership with Africa to the next […] read more

Climate

News

29.03.2019

Simone Borghesi chairing a policy session at the next EAERE conference in Manchester

Simone Borghesi, Director of FSR Climate and Secretary General of the Policy Outreach Committee of EAERE (European Association of Environmental and Resource Economists), organises a […] read more

Energy Policy

News

20.03.2019

Announcing the Global Forum on Energy Transition           

The European Commission calls for a climate neutral Europe and a clean planet for all by 2050.  The Florence School of Regulation (FSR) commits to […] read more

Energy Union Law

News

26.02.2019

New Paper Published! Amending the 2009 Gas Directive

Professor Leigh Hancher, director of the Energy Union Law Area has just published a new paper on the European Commission’s proposal to amend the 2009 […] read more

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gas tank used for gas storage in Europe

The evolving role of gas storage in Europe

- Gas

FSR Head of Gas Ilaria Conti’s interview with EURACTIV

In her interview with EURACTIV, Ilaria Conti, Head of Gas at the Florence School of Regulation, discussed the evolving role of gas storage in Europe.

According to Ilaria, in the coming years gas will come to be a much bigger player in the European energy market and will gain credibility not just in its supply security role but also in light of future hybrid energy system developments combining renewable electricity and low-carbon gases like hydrogen.

The shift in gas’ role across Europe’s markets is due to its declining price which makes it the perfect back-up for variable wind and solar power and, in the long run, a suitable provider of “flexibility” services.

However, this transition is set to be less smooth than it may seem. Immediate challenges include the fact that the decreasing summer-winter spread observed at European gas hubs – for instance at the Dutch TTF – has also “considerably weakened the commercial value of storage” Ilaria argues. This reverberates on storage sites which have gradually become a financial burden “in some cases forcing companies to close down unprofitable sites” Ilaria adds.

As gas operators strive to take centre stage in Europe’s vision of a hybrid energy system by integrating gas more closely with electricity, the article also raises questions on long-term EU perspectives on energy transition and its challenges and opportunities.

On the issue, Ilaria insists that it’s important that the market recognises the “insurance value” of gas – in backing up other energy resources – and remunerates it and that national regulators and EU institutions work together “to ensure consistency of the decisions taken with a long-term perspective”.

Read more about Ilaria Conti’s interview and “The evolving role of gas storage in Europe” on EURACTIV website.