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ENTSO-E Vision for the future of the power system - Webinar series
ENTSO-E is organising a webinar series from 12 to 14 October to discuss with stakeholders ENTSO-E’s Vision for the #Futureofthepowersystem. Featuring panel debates, the webinars will among others look at what are the upcoming challenges & opportunities for Europe’s power system towards 2030, how to best prepare for climate neutrality by 2050, how to move the customer to the centre stage and increase flexibility.
Our European colleagues are holding a very informative webinar series this week called "Vision for the future of the power system", where various topcs are being discussed that directly relate to the energy transition.
I especially like the presentation titled "Market design options for the future" where the concept of Capacity subscriptions is introduced, "Resource adequacy and Investment signals" in slides 27-34. This concept is similar to the Always on Capacity Exchange concept, with regard to: "Year ahead, capacity market clears based on suppliers' offers and consumers' preference for uninterrupted supply" Presumably with a uniform clearing price for the various types of capacity (i.e. essential grid services) needed "To address resource adequacy in a comprehensive manner, the demand for capacity of a given capacity mechanism could be split in different components, with specific flexibility requirements applied"
- Baseload capacity: no specific flexibility requirement
- Ramping capacity: flexible resources able to ramp up/down in steeper hours of residual load curve
- Peaking capacity: residual flexible resources needed only at peak demand periods
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