14 — 15 January, 2016 Prague
The event has already occured.
The risk of instability increases with higher shares of intermittent power sources connected to the electrical grid. Cross-border trade enables countries to gain access to a more diversified portfolio of plants, producing over a wider geographic area. The importance of cross border trading in electricity market results in increasing the effective capacity factor of intermittent plants in the context of a growing share of intermittent renewables in the power sector.
This is yet another reason why having a strong, efficient and independent institutions to regulate these systems is so important, whether a TSO or ISO or a hybrid arrangement, an integrated power pool needs an efficient operator who can oversee and sanction participants. This regulatory aspect must be factored into market design. A well-designed power pool market will result in less cross-border enforcement actions.
Trade in electricity can help bring down energy prices, mitigate against power shocks, relieve shortages, facilitate decarbonization and provide incentives for market extension and integration.
Establishing a day-ahead market or a real-time market can also help facilitate more trade and greater market efficiency. Bidding mechanisms provide flexibility and promote more efficient use of resources.
Vice-Presidents, General Managers, Directors, Heads, Managers of:
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