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Financing the energy transition – between austerity and the Juncker Plan

Financing the energy transition – between austerity and the Juncker Plan. Ben Voorhorst, President, ENTSO-E. European Energy Dialogue, Economic and Social Committee 7 September 2017, Brussels. Picture by Aaron Lee. Who are we?. Picture from Fotolia. A paradigm shift in the power system.

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Financing the energy transition – between austerity and the Juncker Plan

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  1. Financing the energy transition – between austerity and the Juncker Plan Ben Voorhorst, President, ENTSO-E European Energy Dialogue, Economic and Social Committee 7 September 2017, Brussels Picture by Aaron Lee

  2. Who are we? Picture from Fotolia

  3. A paradigm shift in the power system PAST FUTURE? PRESENT Variability & decentralisation Smart, data-centric system Electrification of transport Engaged prosumers One-way power flows Predictability Bidirectional flows & smart technologies

  4. The Energy Transition: Transmission makes it happen 27% renewables by 2030 = +/- 45% for the power system Wind CHALLENGES Hydro Solar • System stability • Resource variability • New connections • Changed power flows • Integrating demand-side resources • Empowering consumers & managing data • Unlocking flexibility Flow North-East South-West Flow North-south

  5. TSOs in ENTSO-E – a success story for regional cooperation MARKETS Internal Energy Market developed voluntary & regionally EU guideline on capacity allocation & congestion management OPERATIONS Regional security coordinators created on a voluntary basis Registered in the EU system operation guideline PLANNING Regional planning used in the EU 10-year network development process TYNDP used as basis for the EU Projects of Common Interests

  6. TYNDP 2016 Projects: enabling the European Energy Transition 2x more interconnection capacities by 2030 1% increase in the total consumer bill €150 billion investment till 2030 Integrating up to 60% renewable energy sources Proper return for investors Up to 5 €/Megawatt hour reduction on bulk power prices Gain support from local communities

  7. The right investment framework needed for the next decade Stable Looking at the future… Tariffs should be: Adequate to volume Adequate to risk

  8. The Nord Sea Wind Power Hub: exploiting synergies at the regional level

  9. The right architecture needed: Regional Energy Forums (REFs) ensuring regional investments, market development and security of supply 1 Decision-making triangle Other parties Member States 3 Regional Security Coordinators Regional TSO cooperation 2 Policy regions Regulators System Operators Picture from Pixabay

  10. Electricity: European, regional, national, local – all at once… Thank you for your attention

  11. For information

  12. The cost of non-Europe: Network Codes – key enablers for EU energy integration • 23 states and 85% of European consumption market coupled • 10 million data filesmade available yearly for2500 daily users of ENTSO-E transparency platform Sustainability • 260 GW of RES connected • 25 GW in 2016 • >10 GW of EU demand side response Network codes Competitiveness & Social Welfare • NO multi-state interruptions recent years • Up to 300 coordinated tasks/day in a RSC • Hundreds trained employees in RSCs programs and offices Security of supply

  13. Sector coupling Mobility+ Power & Gas networks (both transmission & distribution) Power + Gas Transmission & Distribution Interface Network interface with market participants

  14. Power to the users …to use it every day From understanding the core role of data management… Connected data hubs Smart apps to empower prosumers Non-discriminatory access Smartgrids projects Data exchange platforms European guidance TODAY 2025 INNOVATION

  15. The way ahead: Regional Energy Forums for the Energy Union • Set-up mandatory Regional Energy Forums (REFs) including MSs, TSOs, NRAs with strong stakeholder interaction to promote coordination, progress and speed • Ensure consistency and balance between national, regional and pan-European levels and align the REFs through the Electricity Coordination Group • Ensure regional and pan-European cooperation through the contribution and commitment of all parties: Governments, regulators, TSOs, stakeholders and citizens

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