Keynote speech by Oyvind Vessia, DG Energy, European
Making the market fit for
facilitating the integration of
Øyvind Vessia, European Commission, DG ENER, C1
CEPS - Thursday, 12th of November 2015, 14.00 – 17.00
Smart grids, intelligent markets, and flexibility
fit for RES fit
market fit for RES
into the market
New hedging tools
More coordinated approach to
support schemes at regional
RES selling into the market
Market rules compatible
Short term markets (ID,
BAL), bidding zones
Demand leads, supply
Integrating variable renewables requires
Sector coupling (Heatpumps, EV)
Reduction of mustrun units &
feed-in of RE
Impact of cost of capital on the levelised
cost of solar PV
Source: IEA, ETP 2015
Who takes the risk?
Source: IEA Energy Technology Perspectives 2014
Future market design legislative proposals?
Enhanced and more integrated intraday and balancing
markets with deployment of demand response.
Renewable support and operation more market based,
with interaction between national schemes.
Need to keep capital costs at a balanced level
Sorting out roles in distribution, supply and services,
imposing collection and access to data, discussion on
Capacity remuneration mechanism blueprint with
regional adequacy analysis and standard.
TSOs to cooperate more regionally, oversight by ACER.
More: power exchanges' governance, retail,
Thank you for your attention