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RENEWABLE ENERGY

This document outlines the regulatory landscape for achieving the European Union's 20-20-20 energy targets and beyond. It explores the policy goals, challenges, and regulatory tools necessary for successful integration of renewable energy sources (RES) across borders. By assessing the legal frameworks and identifying the need for new guidelines, the paper highlights the importance of adapting energy markets, enhancing network operation, and promoting technological changes for effective low-carbon strategies. The discussion emphasizes the threats and opportunities presented by high penetration of RES and the necessity for a coherent regulatory policy.

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RENEWABLE ENERGY

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  1. RENEWABLE ENERGY Jorge Vasconcelos MIT Portugal Lisbon, May 23, 2011

  2. ROADMAP(S) 2050 4 2 3 6 ENERGY 2020 STRATEGY THINK ROADMAP 1 9 7 8 10 5 12 11

  3. 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

  4. POLICY GOALS CHALLENGES REGULATORY TOOLS

  5. 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

  6. DO THE LEGAL AND REGULATORY FRAMEWORKS PROVIDE THE NECESSARY GUIDELINES AND INCENTIVES FOR TECHNOLOGICAL CHANGE TO HAPPEN ?

  7. TECHNOLOGICAL CHANGES IMPACT ON : • ENERGY MARKETS - WHOLESALE & RETAIL • NETWORKS - PLANNING, OPERATION • SYSTEM OPERATION • AND CHALLENGE “TRADITIONAL” ENERGY REGULATION

  8. ? ? ?

  9. DO THE LEGAL AND REGULATORY FRAMEWORKS PROVIDE THE NECESSARY GUIDELINES AND INCENTIVES FOR CONCEPTUAL AND BEHAVIORAL CHANGE TO HAPPEN ?

  10. 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.)

  11. REGULATION CANNOT IGNORE PUBLIC POLICIES ENERGY REGULATION NEEDS TO REINVENT ITSELF A COHERENT REGULATORY POLICY IS NEEDED NEW REGULATORY TOOLS ARE NEEDED

  12. 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.

  13. ACHIEVING THE 20-20-20 TARGETS AND BEYOND

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