Europe without borders. (by night). European electricity production portfolios. Nuclear Coal Gas Oil Mix Hydraulic Wind. Why is the wholesale market important?. For electricity: Supply = demand (constantly!) Limited storage (except for pump storage in CH and N)
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Strange effects of the current situation
Geographical flexibility as to the location of new renewable generation facilities, mediated through market mechanisms would be an efficient way to lower overall costs of achieving EU renewable targets
But EU Directive 2009/28/EC excludes the use of market mechanisms across borders except after the agreement of “joint projects”
Making certificates issued in countries with quota schemes eligible for credits in other EU Member States would be a good step towards a pan-European quota arrangement.
A further evolution could entail the creation of an EU top-up certificate, redeemable also in countries retaining feed-in tariffs.
What would be the characteristics of the ideal support scheme to expand wind and solar power output while enabling integration into grid systems andsafeguarding a well-functioning wholesale electricity market throughout Europe?
Market-based mechanisms reduce costs
Such mechanisms also facilitate free trade