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December 2018

POWER MARKETS

Energy markets will deliver the flexible, decarbonised power system needed, not capacity markets

Energy-only markets are the building blocks of Europe’s integrated electricity market. By harmonising energy prices across borders, they avoid distortion in trading and encourage development of flexible resources needed for a low-carbon future. Most importantly, energy-only markets allow prices to reflect the real value of reliable energy, thus rising when the resources needed to ensure reliable service are scarce. Capacity markets, by contrast, depress energy prices, leading to higher peak demand and unrealistic capacity requirements.

   
   

CLIMATE POLICY

perfect match: Using carbon revenues to finance energy efficiency

As Europe races to meet ambitious climate goals, energy-saving measures such as building renovation, new industrial processes, and advanced lighting present wide-ranging opportunities to save both carbon and money. Fortunately, Member States have the perfect source of investment capital for these improvements—carbon revenues from EU emission trading auctions. New RAP research shows that invested in energy efficiency, carbon receipts can be leveraged to reduce emissions, benefit consumers and businesses, and advance the energy transition.

   
   

ENERGY EFFICIENCY

Implementing Article 7 of the Energy Efficiency Directive: Energy efficiency obligation schemes

Under Article 7 of the Energy Efficiency Directive, Member States are tasked with achieving a 20 percent improvement in energy efficiency by 2020 and 32.5 percent by 2030. In support of countries seeking to implement energy efficiency obligation schemes to meet this target, the Energy Community Secretariat and the European Bank for Reconstruction and Development, with support from RAP and Economic Consulting Associates, offer policy guidelines and in-depth information on EEOs.

   

RAP IN ACTION

RAP at COP 24: How to design successful energy efficiency programmes

Automaker Henry Ford once said, “failure is simply the opportunity to begin again, this time more intelligently.” To illustrate the characteristics of successful energy efficiency program design, Jan Rosenow examined why the United Kingdom’s highly ambitious “Green Deal” residential insulation initiative failed. Speaking at a side event of COP24 in Katowice, Poland, Dr. Rosenow shared five key elements of successful efficiency programs.

   
   
FURTHER NOTES

WEBINAR

Demand response in US markets: Lessons for a low-carbon transformation

What role will demand response play in the low-carbon energy system of the future? Michael Hogan unpacks experience from the United States with this customer-side resource in a webinar hosted by Leonardo ENERGY on 20 December. Join us!

Register Now


ANNOUNCEMENT

RAP’s Rosenow joins eceee board

The European Council for an Energy Efficient Economy has appointed Jan Rosenow to its governing board. Dr. Rosenow will represent RAP as an organizational member. He joins 11 other members tasked with managing and guiding eceee, Europe’s largest and longest-standing NGO focused on energy savings.

Read More

   
   
   
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Regulatory Assistance Project (RAP)®
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