Creating the Internal Energy Market in Europe
A report on EU electricity market rules, which must reflect the energy generation mix of the future and help usher in a flexible power system with a large-scale uptake of wind power and other renewable energy sources.
The report recommends:
- Creating a level playing field for renewable energy sources by tackling structural market deficits.
- Creating functioning markets covering larger geographical regions within Europe so as to reduce the need to balance variable renewables like wind and solar
- Developing intraday and balancing markets at national and cross-border levels
- Creating new markets for 'grid support services', supporting the functioning of the grid to ensure a secure supply of electricity, instead of introducing market distorting capacity payments.