EU Electricity Network Codes & the Clean Energy Package
‘Evolution of electricity markets in Europe’ is an 8-week online course in collaboration with the European Commission, ACER, and ENTSOE. Each week has reading activities, quizzes, forum discussions, and a live class to wrap up the week. Participants interact with each other, with the course instructors, and with expert panellists.
The first generation of EU electricity network codes remain an important cornerstone of this training as it has been shaping the European electricity markets as we know them today. We also cover the debate around the second generation of network codes following the adoption of the Clean Energy Package (CEP). We discuss how the CEP enhances the role of DSOs and the link between electricity markets and consumers, whether individually as prosumers, or via intermediaries such as aggregators, energy communities, or others.
European Commission, ACER and ENTSO-E invited Florence School of Regulation to organise this training. Electricity markets are undergoing many changes, and it is not easy to keep up. With this training we want to make it easier for stakeholders to engage in the ongoing electricity market integration process.
This training is the successor of 3 editions of the ”EU Electricity Network Codes” course and builds on 3 edition of the “Clean Energy Package” course. In 2021, we will be running the second edition of the “Evolution of Electricity Markets” course after a successful first edition in the previous year.
In this training we provide insights on how European electricity markets have evolved from the onset of liberalisation until where we are today. Alongside the evolution of electricity markets, this online training is evolving as well. The first generation of EU electricity network codes remain an important cornerstone of this training as it has been shaping the European electricity markets as we know them today. We also cover the debate around the second generation of network codes following the adoption of the Clean Energy Package (CEP). We discuss how the CEP enhances the role of DSOs and the link between electricity markets and consumers, whether individually as prosumers, or via intermediaries such as aggregators, energy communities, or others.
In the first two weeks of the course, we cover the topics that are mainly related to the transmission level. After that we move on to topics increasingly related to the distribution level in the second two weeks. We also include a legal week shedding light onto the legal perspective of network codes and guidelines. A brand new open-access book serves as background reading material together with some of the most recent academic papers.
Welcome to the course
Live class: 21 September 2021 – 12-1pm CEST
Week 1: How to trade and transport electricity across national borders? (22 September – 28 September 2021)
This week covers three large topics. We discuss how to organise trade for electricity, we look at the European experience with the allocation of the rights to trade across borders, and we discuss how to calculate border trade constraints.
The course material covers the topics of historical privileges to trade across borders, market-based allocation of transmission rights and the evolution from explicit to implicit auctions (also ‘market-coupling’), and the implementation of market coupling in the day-ahead timeframe. The week also touches upon relevant developments in the timeframes before and after day-ahead. Furthermore, it explains why it is important to focus on border trade constraints, why trade constraints on virtual borders are calculated and who is best placed to carry out such calculations. It introduces the concept of flow-based market coupling and covers the topics of regional collaboration among TSOs and data exchange. Open issues when it comes to border trade constraints and their calculation, such as the configuration of bidding zones, are also discussed.
Live class: 28 September 2021 – 12-1pm CEST
Topics: Nominated Electricity Market Operators, Market Coupling Operator Function, EUPHEMIA, XBID, Joint Allocation Office, Financial Transmission Rights, Bidding Zones, Flow-based Market Coupling, Capacity Calculation Regions, Common Grid Model, Remaining Available Margin
Week 2: How to combine electricity trade with system security to keep the lights on? (29 September – 5 October 2021)
This week covers two large topics. We explore how system balancing is organised in Europe, and we explain why it is important to pay attention to the detailed technicalities of system operation and connection requirements.
The course material discusses how the responsibility to keep the lights on is shared between system operators and introduce the concepts of frequency containment, frequency restoration and reserve replacement. It explains balancing responsible parties and imbalance settlement, and cover the topics of balancing capacity tenders, balancing energy markets, and the related issue of scarcity pricing in balancing markets. Cross-border balancing markets and the European platforms for the exchange of balancing energy are other important topics of this week, as are open issues in the field of congestion management in balancing markets. The material also explores if and how regional system operation is organised regionally. The last part of this week are the EU connection network codes (RfG NC and DC NC) and their ongoing implementation, including the special case of energy storage.
Live class: 5 October – 12-1pm CEST
Topics: Balance Responsible Party, Balancing Service Provider, Frequency Containment Reserves, Frequency Restoration Reserves, Replacement Reserves, Gate Closure Time, Imbalance Netting, Load-Frequency Control Area, European platforms, Regional Coordination Centre, Critical Grid Situation, Power-Generating Modules, Power Park Module, Rate of Change of Frequency, Significant Grid User.
Week 3: The future of electricity markets with distribution network constraints (6 October-12 October 2021)
This week covers two large topics. We discuss distribution-related issues and we explore how best to integrate distribution network constraints into (wholesale) electricity markets.
The course material consists of recent academic papers and stakeholder contributions. Topics we will cover are distribution network issues and flexibility mechanisms and markets.
We will also discuss several tools that are currently under discussion to manage distribution network constraints and improve the coordination between TSOs and DSOs. Examples are (enhanced) network tariff design, distribution locational marginal pricing, smart connection agreements, and flexibility markets.
Live class: 12 October – 12-1pm CEST
Topics: network tariffs, DSO, flexibility mechanisms, flexibility markets, DLMP
Week 4: The new deal for consumers from communities to peer-to-peer (13 October – 19 October 2021)
This week covers two large topics. We explore how retail markets are organised in Europe and discuss the new deal that has been offered to consumers through recent legislative packages and initiatives from the Clean Energy Package to the Green Deal.
The course material consists of recent academic papers and stakeholder contributions. Electricity retail design, the evolving role of the supplier, and innovative practices in the retailing of electricity will be discussed. Other topics that will be covered are active consumers, self-consumption, energy communities, new entrants in electricity markets, independent aggregators, peer-to-peer trading, and new consumer rights.
Live class: 19 October – 12-1pm CEST
Topics: retail markets, new paradigm, consumers, peer-to-peer, new entrants, aggregators, communities, energy communities, citizen energy communities, renewable energy communities, self-consumption, active customers, dynamic pricing, data access and management, EU Green Deal
Week 5: Legal dimension of the network codes, guidelines and TCMs (20 October – 26 October 2021)
Live expert panel: 26 October – 12-1pm CET
Week 6: Buffer week to work on Mastery Challenges
27 October – 7 November 2021
Week 7 & 8: Mastery Challenges
Mastery Challenge 1: Offshore electricity grids and markets
Live expert panel: 12 November 2021 – 12-1pm CET
Mastery Challenge 2: Resource adequacy in a system with zero marginal cost
Live expert panel: 16 November 2021 – 12-1pm CET
Mastery Challenge 3: Market design and operations in a fully decentralised system
Live expert panel: 18 November 2021 – 12-1pm CET
The course is given in English and developed for:
The participants can take the course on 3 different levels:
The amount of time required to take this course depends on the aimed course level as well as the level of expertise in the subject prior to joining the course. For example:
At the end of the course, the participants can earn a Certificate of Attendance, a Certificate of Completion or a Certificate of Excellence, depending of their performance and engagement throughout the course.
Paid registration fee is non-refundable. However, registrant substitution may be made up to 20 days before the start date of the course.
It was a great opportunity for me in attending to this course and learning the up-to-date developments in energy markets. The course was very satisfying and it has been well-balanced between theory and practice. Forum discussions were very informative and helpful in discussing the topics from different perspectives. I am very grateful for the valuable support of FSR and its staff, especially at these hard times.
The course provided me with a better overview of the history and development of European electricity markets. I really enjoyed the interaction with other course participants and the enthusiastic and knowledgeable instructors.
Well structured format with pre-read material in combination with live classes once a week. Work-load manageable parallel to job and life. Online format allows to take the course irrespective of your current location. Rather advanced contents. Thus, course requires at least some familiarity with the subject matter.
One of the very impressive aspects of the course was the way that the course text, live sessions, online discussions and group challenges all worked together in an integrated way to deliver the training. The interaction with other course participants from around the EU, all sharing their own experience of the issues in practice, was particularly valuable.
The course was very useful. In my opinion the course was appropriate approach for sharing knowledge of Network codes with wide spectrum of participants.
Very well done. I had some reservations against online courses before, but this one has really fulfilled my expectations. The subject is pretty dry and technical, but however you have arrived to make it compelling and very interesting. The short videos of Leonardo at the beginning of this lesson arrived to put some "fun" into the subject. He was goo as well leading the panels. I have really enjoyed the course. Congratulations!
Just a quick note to say how impressed I have been with the excellent interactive online course on the electricity network codes, run by the Florence School of Regulation. It was very well taught by Leonardo Meeus and Tim Schittekatte, with special guests from ACER, ENTSO-E, the Commission etc.
Everything is so professional and perfectly scheduled. Especially the live classes and forum discussions create great value for me
Overall it was a great and very helpful course. The course text was particularly helpful to me in digesting the Network Codes. The Forum for discussion for each quiz was great. So many knowledgeable experts participated, which was very interesting to read! Overall really a great course!
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