A market fit-for-purpose

This week, Jan, Michaela and David are joined by Jorge Vasconcelos, chair of New Energy Solutions (NEWES) and part of the Florence School of Regulation. Jorge tells us how electricity market design is essential in getting clean energy to where it is needed.In today’s episode, we are looking into electricity market design. A vital part of the energy transition, market design can make or break a country’s decarbonisation efforts.You can have all the renewable energy you need, but without an effective market in which to sell the power, this time, effort and investment would be wasted leaving the energy transition to grind to a halt.Meanwhile, the last few months have seen huge increases in power prices across Europe. Is this the sign of a broken market or a symptom of something much bigger? Paired with more distributed energy resources, the rise of the prosumer and digitalisation, the electricity market is having to adapt rapidly.Listen and subscribe to Watt Matters wherever you get podcasts! Follow us on Twitter at @WattMattersPod or email us at show@wattmatterspodcast.com. You can also find FORESIGHT Climate & Energy on LinkedIn.SHOW NOTES:- Boosting biodiversity at offshore wind projects: https://www.linkedin.com/posts/gemini-windpark_derijkenoordzee-offshorewind-sustainability-activity-6895290225942257664-oNpw/- Germany's opposition leader claims renewables are too expensive: https://www.economist.com/europe/2022/02/19/germanys-plans-for-wind-power-are-dauntingly-ambitious- Electrification of heating is more advantageous because of high gas prices: https://www.raponline.org/knowledge-center/analysis-running-costs-of-heat-pumps-versus-gas-boilers/- Is the energy sector due a major cyber attack? https://www.reuters.com/business/energy/oil-pulls-back-view-western-sanctions-russia-wont-choke-supply-2022-02-23/TRY FULL ACCESS TO FORESIGHT CLIMATE & ENERGY FOR €1 A DAYJoin over 100,000 policymakers, energy experts in business, finance, and academia, city leaders, and leading NGOs in having access to FORESIGHT Climate & EnergyGET YOUR 30 DAY TRIAL: www.foresightdk.com/subscribe/.

---

Hosted on Acast. See acast.com/privacy for more information.