Can’t read or see images? View this email in a browser

November 2018

POWER MARKETS

Britain’s capacity market for electricity: Lessons for Europe

The U.K. government put its capacity market scheme on hold last week after a European Court of Justice ruling annulled the European Commission’s earlier approval of the mechanism. In an article for Euractiv, Philip Baker asserts that Britain’s capacity market is the answer to a supply problem that doesn’t yet exist. He demonstrates how a targeted strategic reserve, together with well-designed market reforms, is likely to be a more cost-reflective alternative to a market-wide capacity mechanism.

   
   

ELECTRIC VEHICLES

A strong EV benchmark can cut transport emissions and help modernise Europe’s electricity grid 

In 1900, 28 percent of cars on the road in the U.S. were electric. If this trend had continued, cutting transport emissions would be an easier—or even superfluous—task today. Dr. Julia Hildermeier explains how increasing the number of EVs on Europe’s roads can help decarbonise the transport sector while securing benefits for the power grid, helping Europe meet its climate goals, and providing benefits to all consumers.

   
   

RELIABILITY

Regional resource adequacy assessments: The key to ensuring security of supply at a reasonable cost

The recent increase in capacity remuneration mechanisms has been fueled by the common practice of underestimating resources—within and outside borders and for both supply and demand-side resources. This raises questions about how to assess and achieve adequacy given Europe’s increasingly integrated electricity system. RAP authors demonstrate how implementing regional resource adequacy assessments can help Member States achieve reliability at lower cost by sharing risks, resources, and benefits. Savings could reach 8 billion euros annually by 2030.

   
   
FURTHER NOTES

ENERGY EFFICIENCY

Heat decarbonisation, energy efficiency, and sector integration

RAP joined Agora Energiewende and other esteemed partners to explore the role of building efficiency in meeting climate targets at least cost. The authors analysed five scenarios and found that energy efficiency is key, as it prioritizes technology-neutral solutions such as heat pumps over less effective power-to-heat.

Read More (in German, with English summary)


GLOBAL INSIGHTS

What can Germany and PJM learn from each other?

The EU’s integrated electricity market and the PJM market in the United States work similarly as competitive wholesale markets, but they operate in quite different contexts. A policy brief written to inform a recent bilateral forum examines the shared opportunities and challenges for both regions.

Read More


ANNOUNCEMENT

RAP welcomes Samuel Thomas to Europe team

Samuel Thomas, formerly the International Energy Agency's lead energy efficiency analyst, is the newest member of RAP’s Europe team. Mr. Thomas advises the European Commission, national governments, and other stakeholders on policies to drive energy efficiency and its successful implementation at the EU and Member State level.

Read More

   
   
   
 


Don't want to receive these emails anymore? Unsubscribe  |  Privacy Policy
Regulatory Assistance Project (RAP)®
Rue de la Science 23   |   1040 Brussels   |   Belgium   |   www.raponline.org