Traditional approaches to electricity market design need adaptation to factor in the growing share of renewables in the energy mix. Energy transition in different parts of the world is taking different forms and pace. This report examines and presents how electricity markets have evolved in Europe and India and focuses on six topics - wholesale spot market and role of power exchanges, role of decentralised energy resources, renewable energy resources support mechanisms, ancillary market balancing services, retail electricity market and cross border electricity trade. The report is based on the discussions undertaken at the fifth EU-India Regulatory Workshop Series under the framework of the 'India-EU Clean Energy and Climate Partnership' organised by the EU Delegation to India.
In this paper, we investigate two main schemes for contracting demand-side flexibility by the Distribution System Operator (DSO) at the planning stage: a voluntary demand-side connection agreement where consumers offer [...]
This article will explain the characteristics of the financial side of energy markets. It aims to clarify why financial contracts are needed in the energy sector and how such transactions [...]
The Russian invasion of Ukraine in February 2022 compounded an already difficult policy landscape characterised by rising energy prices, international supply chains’ disruptions, growing greenhouse gas emissions and exacerbating geopolitical [...]
For more than a decade, hundreds of experts have gathered at the hills overlooking Florence to analyse the evolution of European transport policy and regulation at the call of the [...]
On 14th February 2022, the European Commission published a ‘Call for evidence for an impact assessment’ (Call for Evidence) and Public Consultation related to a new framework for standard essential [...]
To fulfill the Paris Agreement commitments and stimulated by an unprecedented amount of public resources put in place to recover from the COVID-induced recession, European governments have recently announced sizable [...]
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