The European electricity market is dramatically changing in light of the increased use of intermittent renewable energy sources, creating new challenges to the network infrastructure and to energy markets. The supply of affordable and sustainable energy is crucial to competitiveness, jobs and growth. New technical possibilities and a consolidated internal market for energy could open up new business models supporting a European energy transition towards renewables. Encouraging innovation and cooperation across Europe could lead to considerably lower costs of energy transition.
Three thematic sessions will discuss:
- How should renewables best be integrated into grid and market to make renewable electricity production more responsive to system needs, more competitive and innovative?
- How can the increased need for flexibility of generation and energy demand, generation adequacy, and storage be provided at the lowest possible cost?
- What potential do regional initiatives have for the expansion and progressive integration of regional cross-border energy markets with regard to modernisation and implementation of the grids and other energy infrastructure, market coupling, integration of renewable energies, and generation adequacy?
Stakeholders from European and Member State authorities, energy utilities, transmission and distribution system operators, industry, financial services and consumers are invited to participate in this Round Table hosted in the framework of the JRC European Forum for Science and Industry. The Round Table should underpin the science-based understanding of the challenges to the electricity system created by intermittent energy sources. It is to use this understanding as a basis for formulating policy recommendations on how to tackle these challenges in the most efficient way.
Agenda and minutes
SESSION I: Integrating renewables in the market
SESSION II: Addressing flexibility and adequacy needs with market based instruments
SESSION III: Role of regional initiatives