when electricity market design meets innovation from entso-e
TRANSCRIPT
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MARKETS AND INNOVATION DELIVER THE ENERGY UNIONBen VoorhorstVice-Chair of the Board
20 November 2015ENTSO-E Annual Conference Brussels
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Moving towards a flexible power system
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Source: EEX
Balancing responsibility and scarcity pricing required
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Imbalance prices need to better reflect scarcity
Scarcity-pricing for system scarcities
• Unconstrained price-formation
• (Capacity, flexibility, system services)
• Risk-hedging tools• Balancing
responsibility• Retail
participation
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Efficient price signals for a future-proof market design
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Value energy, flexibility and system services
Integrate renewables into the market
Let risk-hedging products develop
Create a regional and European framework for RES support mechanisms
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Empowering consumers
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Consumers choose their level of flexibility
Smart metering and phasing out load profilesConsumers need to be present in all marketsRemove barriers for distributed flexibility Europe wide
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Our recommendations for 2016
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Prices reflecting scarcity as part of the Electricity DirectiveReduce price-blunting effects of taxes and leviesLet customers choose among contract types, by valuing flexibilityRemove barriers on distributed flexibility Europe wide
Markets and customer empowerment contribute to security of supply
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Ben VoorhorstVice Chair of the Board
Thank you for your attention