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How integrated are European electricity markets?
Electrons passing through international electricity networks follow the complicated physics of meshed alternating-current grids and do not respect price-zone borders. Correspondingly, scheduling power...
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Making the carbon market wider and deeper
A drastic change in the way we produce and consume energy is necessary to contain the risk of a global environmental catastrophe. For its part, the EU has set targets for reduction of GHG emissions by...
View ArticleEU carbon levy: try to avoid air turbulences
On March 12 the CEOs of Airbus and of eight other European aviation and airline companies urged the leaders of France, Germany, Spain and the UK to solve a dispute with the US, China, India, Russia and...
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Market coupling does not lower prices!
Market coupling is one of the key-policies for achieving the EU single electricity market. The EU Commission praises the price-lowering effects of market integration in the first draft of the Internal...
View ArticleDecarbonisation is no 100 metre race
This week, the European Climate Commissioner made a proposal to stabilise the European Union’s emission trading system – a market for greenhouse gas emission allowances that has been in place since...
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A blueprint for a European transmission system
The European Commission’s proposal is supposed to deliver more cross-border electricity transmission.It is an extension of the current system of national-welfare centred regulations, a system which...
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Empirics of energy competitiveness
The loss of competitiveness because of elevated energy costs is concentrated in a limited number of sectors. The cost of subsidising energy-intensive companies might be greater than the benefits....
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Does Europe need a renewables target? – yes, but it should be defined in...
The discussion on whether the EU needs a new renewables target beyond 2020 is gaining traction. The proponents argue that a target for 2030 would give the visibility needed for long-term investments...
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