130 likes | 239 Views
RENEWABLE ENERGY. Jorge Vasconcelos MIT Portugal Lisbon, May 23, 2011. ROADMAP(S) 2050. 4. 2. 3. 6. ENERGY 2020 STRATEGY. THINK ROADMAP. 1. 9. 7. 8. 10. 5. 12. 11. http://ec.europa.eu/clima/documentation/roadmap/docs/com_2011_112_en.pdf. POLICY GOALS. CHALLENGES.
E N D
RENEWABLE ENERGY Jorge Vasconcelos MIT Portugal Lisbon, May 23, 2011
ROADMAP(S) 2050 4 2 3 6 ENERGY 2020 STRATEGY THINK ROADMAP 1 9 7 8 10 5 12 11
http://ec.europa.eu/clima/documentation/roadmap/docs/com_2011_112_en.pdfhttp://ec.europa.eu/clima/documentation/roadmap/docs/com_2011_112_en.pdf
POLICY GOALS CHALLENGES REGULATORY TOOLS
REGULATION HAS BEEN - PARTIALLY - SUCCESSFUL IN OPENING UP AND INTEGRATING ENERGY MAKETS ACROSS BORDERS. HOW DOES REGULATION ENSURE THAT 20-20-20 TARGETS WILL BE ACHIEVED IN A COST-EFFECTIVE WAY ? ? HOW DOES REGULATION LEAD TO LOW-CARBON 2050
DO THE LEGAL AND REGULATORY FRAMEWORKS PROVIDE THE NECESSARY GUIDELINES AND INCENTIVES FOR TECHNOLOGICAL CHANGE TO HAPPEN ?
TECHNOLOGICAL CHANGES IMPACT ON : • ENERGY MARKETS - WHOLESALE & RETAIL • NETWORKS - PLANNING, OPERATION • SYSTEM OPERATION • AND CHALLENGE “TRADITIONAL” ENERGY REGULATION
? ? ?
DO THE LEGAL AND REGULATORY FRAMEWORKS PROVIDE THE NECESSARY GUIDELINES AND INCENTIVES FOR CONCEPTUAL AND BEHAVIORAL CHANGE TO HAPPEN ?
HIGH PENETRATION OF GENERATION BASED ON RENEWABLE ENERGY SOURCES (RES) MARKET REFORM (energy vs. capacity, price vs. CO2 merit order, demand participation, etc.) NETWORK EXPANSION (large-scale projects – e.g. off-shore wind, Desertec, etc.) NETWORK ADAPTATION (large-scale decentralized generation, DR, storage, EV, etc.) SYSTEM OPERATION (dispatching, reserve management, etc.) NEW BUSINESS MODELS (ESCOs, Aggregators, etc.)
REGULATION CANNOT IGNORE PUBLIC POLICIES ENERGY REGULATION NEEDS TO REINVENT ITSELF A COHERENT REGULATORY POLICY IS NEEDED NEW REGULATORY TOOLS ARE NEEDED
BRINGS NEW CHALLENGES – • THIS IS A THREAT • TO THE SURVIVAL OF “TRADITIONAL” ENERGY REGULATION, • BUT IT IS ALSO AN OPPORTUNITY • TO BUILD A MORE COHERENT AND EFFICIENT ENERGY REGULATORY FRAMEWORK.