Winter [Package] has come What does it mean for the electricity sector?

Transcription

1 Winter [Package] has come What does it mean for the electricity sector? Anne-Malorie Géron Chair of EURELECTRIC WG Wholesale Market Design Amsterdam, January

2 OUR PRIORITIES Empowered consumers Achieve the Internal Energy Market Carbonneutrality by 2050 Achieve the Energy Union DSOs market facilitators 3 SO, ARE WE GETTING THE PUZZLE RIGHT? Integrated wellfunctioning Markets Active consumers Market design Security of Supply Cost-efficient decarbonisation 4 2

3 CONSUMERS IN COMMAND: CRITICAL ENABLERS LIBERALIZE RETAIL PRICES REMOVE BARRIERS TO DYNAMIC OFFERS SMART METER ROLL-OUT SOUND REGULATORY FRAMEWORK FOR DATA MANAGEMENT Active consumers EFFICIENT RETAIL PRICING STRUCTURES 5 REDUCE THE SHARE OF TAXES & POLICY COSTS Active consumers Evolution of bill components Source: EURELECTRIC,

4 Integrated wellfunctioning markets THE MARKET MUST VALUE 3 ELEMENTS ENERGY FLEXIBILITY KWh Adjustment to short-term variations Forward, day-ahead, intraday markets Day-ahead, intraday, balancing markets, ancillary services CAPACITY Firm capacity for security of supply Market-based capacity mechanisms where relevant 7 Integrated wellfunctioning markets EUROPEAN MARKET INTEGRATION: GETTING THERE Integrated forward, intraday, dayahead markets Efficient balancing and ancillary services markets Improved design of balancing and intraday markets A MARKET FIT FOR RES 8 4

5 RES FIT FOR THE MARKET Strengthen the EU-ETS Right to self consume and excess energy valued at a fair market price Cost-efficient decarbonisation Integrate RES in the market: balance responsibility and market-based dispatch Market-based and cost-efficient RES support 9 Security of Supply EUROPEAN ADEQUACY ASSESSMENTS MS define security of supply targets Adequacy assessments at European level Sound and transparent methodology Taken into account when introducing capacity mechanisms 10 5

6 Security of Supply ENSURING SECURITY OF SUPPLY IN A COST-EFFICIENT WAY KEY DESIGN FEATURES OF CAPACITY MECHANISMS Market-based Contracts Technology-neutral Open to generation, demand response and storage Open to new and existing assets Cross-border participation 11 A broad «Jumbo Package» 4 regulations 4 directives 7 communications 6

7 Coordination was needed within the EC to make it consistent and deal with overlaps Riskpreparedness Regulation Communication on «intelligent transport systems» Communication on «clean energy» Report on EE Fund Report on CRMs RES Directive EE Directive & EPBD Electricity Directive Governance Regulation Eco-design Plan Electricity Regulation Report on prices & costs ACER Regulation The Package represents all the dimensions of the Energy Union (but ETS) Security of supply Riskpreparedness Reg Internal market - Electricity Dir&Reg - ACER Reg Energy efficiency - EE et EEB Dirs Decarbonisa tion - RES Dir - Governance Reg Research & Innovation Communications 7

8 Clean Energy Package stimulates market integration and costefficient renewables Further wholesale market integration Regional approach Principles for capacity mechanisms Market based approach for RES but lacks consistency on market design and consumer empowerment The legislative process of the Winter Package European Commission Dec 2016 European Parliament Council of the EU 8

9 The legislative process of the Clean Energy Package Beg 2017 European Parliament Council of the EU Distribution of files to political groups (done, 12 Jan) Designation of rapporteurs / shadow rapporteurs (rumoured to be completed by 1 Feb) Drafting of the EP position, discussions and amendments (tbd and possibly different for each file) Vote at committee level (tbd and possibly different for each file) Start of first discussions within Working Party on Energy on the priority files for the Presidency (EED and EPBD during Maltese Presidency) Working Party Energy will work on the text proposed by the EP and prepare amendments The text passes at the level of COREPER I Martens First reading of the Parliament Plenary vote (tbd) vote at TTE (energy) Council Q3/ ? First reading of the Council on the text voted by the Parliament (tbd) Text adopted in first reading (tbd) 2018? Distribution of the Clean Energy Package within the European Parliament (end Jan) European Parliament Renewable Energy Directive Electricity Regulation AND directive Krišjānis Kariņš (LV) Risk-preparedness Regulation ACER regulation Energy Efficiency Directive Energy Performance of Building Directive Bendt Bendtsen (DK) Regulation on energy union governance: Greens 9

10 Thanks for your attention! 10