The establishment of a seamless electricity transmission system and the completion of a single market for electricity in Europe are currently hindered by the lack of adequate answers to several, often basic, questions concerning the coordination of actions and decisions, the sharing of costs and benefits, and solidarity beyond costs and benefits. This research report, prepared by the Florence School of Regulation, looks at the development of the past decades and identifies the existence of three core ‘missing pillars’ which explain, at least partially, why the European electricity system is affected by numerous blocking factors. The report presents two case studies that show the importance and utility of looking at what is blocking the integration and the decarbonisation of the European electricity sector through the lens of coordination, sharing and solidarity. By doing that, the report offers a set of non-technical recommendations that points out key roles, tasks and responsibilities at national and European level for removing the two ‘roadblocks’ represented, on the one hand, by redispatching costs and, on the other, by capacity adequacy and electricity crisis management.
The EU ETS with companion policies is more robust than relying solely on either regulatory or carbon-pricing interventions. Policies should be developed to account for the disparate impacts of the [...]
Customers are expected to play a fundamental role in the transition to a decarbonised and digitalised energy system. However, experience so far suggests that customer engagement in energy markets cannot [...]
This deliverable, which is part of the Horizon 2020 OneNet project, outlines the alignment activities carried out in OneNet Task 3.4, focusing on integrating the proposed electricity market concepts with [...]
Flexibility involves the adjustment of energy consumption or generation schedules to benefit the grid, for instance, providing services such as balancing, congestion management, and voltage control. Flexibility can be offered [...]