EU Sustainable Energy Week, Flexible energy markets: new players, new rules
By Christophe Arnaud, Policy Advisor
On 21 June afternoon, the Polak room of the Residence Palace was full for this event on flexible energy markets. In the frame of the EU Sustainable Energy Week, SolarPower Europe, together with the members of the IDEAS platform (a wide range of associations gathered to advocate for the development of demand-side flexibility in Europe), invited stakeholders and decision-makers to present and discuss the current situation for new players willing to develop flexibility in the electricity system through markets.
The event was the occasion to hear the views of the independent European energy retailers on the remaining steps to reach an efficient and competitive framework. Simon Muller from the International Energy Agency presented the different steps they identified to efficiently deliver a necessary system transformation towards more penetration of renewables and distributed sources of energy. The panelists were then given the floor, which gave the occasion to hear the views of manufacturers, network operators, demand response providers, on crucial topics such as the concrete barriers to demand flexibility development, the role of prosumers, the issue of overcapacity and capacity remuneration mechanisms, and the challenges for system operation.
Mr Vertmann who will chair the Energy Working Party in the Council during the Estonian presidency of the European Union, concluded the event by stating that the market design legislation would be a priority for the next six months. He sees flexibility as a major element of the future market design, and sees digitalization as an enabler of that transition.