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National capacity mechanisms in the European internal energy market: opening the doors to neighbours

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IIT-15-039A.pdf (476.8Kb)
Fecha
2015-07-01
Autor
Mastropietro, Paolo
Rodilla Rodríguez, Pablo
Batlle López, Carlos
Estado
info:eu-repo/semantics/publishedVersion
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Resumen
 
 
After decades of strong opposition, several European countries are now in the process of implementing some kind of Capacity Remuneration Mechanism (CRM). Unfortunately, these national initiatives seem to aim at energy autarky rather than seeking a wider regional coordination. This situation can significantly affect the potential benefits of an integrated long-term expansion of the European power system. In this paper the regulatory basis for the effective participation of foreign agents in national CRMs is discussed. The authors support that two pillars are required: (1) stronger coordination among TSOs1 and respect for the Security of Supply Directive and (2) introduce a particular type of firm cross-border nominations associated to the CRMs commitments. These proposed nominations are to be considered only in situations of system stress. As discussed here, this allows not requiring any type of ex-ante cross-border capacity reservation, thus avoiding many of the inefficiencies associated to traditional physical bilateral contracts.
 
URI
https:doi.org10.1016j.enpol.2015.03.004
National capacity mechanisms in the European internal energy market: opening the doors to neighbours
Tipo de Actividad
Artículos en revistas
ISSN
0301-4215
Materias/ categorías / ODS
Instituto de Investigación Tecnológica (IIT)
Palabras Clave

Capacity Remuneration Mechanisms; Internal Energy Market; European Union; Reliability Options; Price Coupling
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Repositorio de la Universidad Pontificia Comillas copyright © 2015  Desarrollado con DSpace Software
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