This paper looks at the deployment of auctions in electricity systems, and in particular at the predominant form of auction currently in use: a ‘one-sided’ auction in which a central purchaser, usually acting as an agent of the government, acquires new capacity for the purposes of meeting carbon targets or securing reliability. The use of […]
Australia’s National Electricity Market is an important global test case of the impacts of electricity sector transition in a large-scale liberalized energy-only market. The integration of variable and distributed energy resources has provided opportunities for clean, low-cost generation, but has also challenged existing market frameworks and resulted in a debate about the necessity for new […]
In the face of challenges to energy-only market design under the electricity sector transition, an option considered by many jurisdictions is to incorporate some form of centralized capacity mechanism to respond to shortfalls in the market provision. For example, the UK government has already introduced a formal capacity market. In Germany and Belgium, strategic reserve […]
The EU internal market in electricity is experiencing challenges in ensuring resource adequacy through the operation of the energy-only market alone. To guarantee the uninterrupted availability of affordable electricity, many Member States have adopted national capacity mechanisms, which compensate for the availability and readiness of existing and forthcoming generation capacity to supply electricity. These national […]
OIES study quoted in Reuters on how China appears to be diversifying gas supply, potentially importing more from so… https://t.co/3LEdHC9nqC
Anouk Honore on the pace of gas storage injections in Europe: There are some signs already that injection rates sho… https://t.co/xyhbo3bncY
LNG Spot Price Forecasting and the Futures Curve https://t.co/h7xNezk5V7
China: Growing import volumes of LNG highlight China’s energy import dependency https://t.co/AXwgZABcVV