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CEEM SEMINAR ON EUROPEAN ELECTRICITY MARKET INTEGRATION AFTER THE WINTER PACKAGE: NEW IMPULSE OR BUSINESS AS USUAL?

Monday, 30 January 2017, 14h30 to 19h00
Université Paris-Dauphine
Salle Raymond Aron, 2nd Floor

ATTENDANCE IS FREE BUT PRIOR REGISTRATON IS REQUIRED:
Registration


SUMMARY
On 30 November 2016, the Vice-President of the EU Commission for the Energy Union, Maroš Šefcovic, presented under the heading “Clean Energy for All Europeans – Unlocking Europe’s Growth Potential” the comprehensive set of policy initiatives and regulatory proposals commonly referred to as the “Winter Package”. The latter confirms the EU commitment to cut CO2 emissions by 40% by 2030, all the while boosting economic growth and employment. The three dominant themes of this effort are:
1. A new policy push and better framework conditions for energy efficiency improvements, in particular in the building sector;
2. A continued commitment to renewables with a view of creating a market capable of providing the significant amounts of flexibility necessary to accommodate them;
3. A focus on end-use consumers, who are expected to further decentralisation, to contain costs through competitive pressures and to provide flexibility through demand response.

The electricity sector plays a key role in the Winter Package. The latter contains in fact a proposal for a “Regulation of the European Parliament and of the Council on the Internal Market for Electricity”, which, if adopted, would amount to a Fourth Electricity Market Directive, setting a new framework for the European electricity sector. While it is too early to provide a comprehensive evaluation of the policy package, a number of key themes can be identified:
1. An increased focus on the market and regulatory framework evolutions to stimulate the development of flexibility through dispatchable capacity, interconnections, DSM and storage;
2. The recognition of a “residual” role for capacity mechanisms allowing for cross-border cooperation, whose details still need to be developed;
3. Governance and system management in the context of an emerging notion of European security of electricity supply. This includes strengthening the EU Agency for the Cooperation of Regulators (ACER) and a focus on regional system management;
4. The encouragement of increased investment in electricity transport and distribution networks, in particular cross-border interconnections.

While there is likely to be little disagreement on the rather broad overall objectives of the Winter Package, two key questions emerge:
a) Does the Winter Package provide a sufficiently concrete set of new policies to further decisively the environmental and economic sustainability of the European electricity sector, most notably in the area of investment?
b) Does the focus on top down harmonisation help or hinder the different initiatives of European market integration that are already under way being advanced by a multitude of actors?

This seminar of the Chaire European Electricity Markets (CEEM) will bring together leading experts from European institutions, industry and academe in order to discuss the impact that the Winter Package is likely to have and where the European electricity sector is likely to go from here.


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PROGRAMME AND PRESENTATIONS
[b]14h00-14h30 Reception of Participants
14h30-14h40 Welcome and Introduction
Jan Horst Keppler (Scientific Director, CEEM - Université Paris-Dauphine)
The EU Winter Package: Policy Drift or Turning Point?

14h40-15h10 Keynote Presentation by Philipp Offenberg (Expert, EU EPSC): Setting Out the Long-Term EU Vision of a Sustainable Electricity Sector

15h10-16h10 Session 1: The Outlook for Wholesale Markets – Moderator: Fabien Roques, Senior vice President, Compass Lexecon and Associate Professor, Université Paris Dauphine
Presentation

Wolfram Vogel (EPEX Spot, Director Public-Regulatory Affairs)
Short-term Flexibility Provision and Long-Term Capacity Support: Is the Current European Market Infrastructure Adequate?
Presentation

Dan Roberts (Frontier Economics, Director)
Operationalising a European Notion of the Security of Electricity Supply: The Challenges Ahead
Presentation

Alain Janssens (Eurelectric, Vice chairman of the Markets Committee)
Market Integration and Consumers’ Participation: Did the Clean Energy Package Get It Right?
Presentation


16h10-16h40 Coffee Break at the Bar des Étudiants (2nd Floor)


16h40-17h10 Keynote Presentation by Kristina Jankovich (EU Commission, DGE, Wholesale Markets; Electricity and Gas): The Provisions for Improving Regional Cooperation in the Winter Package
Presentation

17h10-18h30 Session 2: The Outlook for Network and Interconnection Development – Moderator: Jan-Horst Keppler

Charles Verhaeghe (Vice President, Compass Lexecon)
Toward Regional System Operation: Key Issues and Challenges
Presentation

Sonya Twohig (ENTSOE, Manager)
The View of ENTSO-E and TSOs on Regional System Cooperation
Presentation

Jean-Michel Glachant (Florence School of Regulation, Director)
What is Best Approach for Greater Coordination in System Management?

Dominique Jamme (CRE, Director of Networks)
Networks in the Winter Package: Much Needed Harmonization or Excessive European Regulation?
Presentation


18h30-19h00 Concluding Roundtable with
Laurent Joudon (Directeur Délégué Études Économiques, EDF)
Presentation

Thomas Veyrenc (Director of Markets and Regulatory Affairs, RTE), Wolfram Vogel (EPEX Spot), Jan Horst Keppler (CEEM) and Fabien Roques (Compass Lexecon and Université Paris-Dauphine).


19h00-20h00 Reception at the Bar des Étudiants (2nd Floor)


For more information, please contact the Coordinator of the CEEM:
Fatoumata Diallo
fatoumata.diallo@fondation-dauphine.fr
Fondation partenariale Paris-Dauphine
Place du Maréchal de Lattre de Tassigny-75116 Paris Cedex
Tél. +33 (0)1 44 05 45 54

Partenaires

Contact

Chaire European Electricity Markets
Fondation Paris-Dauphine
Place du Maréchal de Lattre de Tassigny
75775 Paris Cedex 16

Steve Serafino, Coordinateur de la CEEM :
steve.serafino@dauphine.psl.eu
+33(1)44.05.45.54

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