EMC Webinar "The Role of RES Aggregators in Wholesale Electricity Markets"

Speaker: Dr Filippos Ioannidis, Green Energy Aggregator Services (GEARS) From soaring utility prices to uncertainty over power supply and geopolitical complexities, energy matters have dramatically affected market structures, companies’ planning and policy tools. The events unfolding in the last couple of years, from the global pandemic to the war in Ukraine and the accelerated efforts for energy transition, have created a dynamic landscape of challenges and opportunities with wider implications for investments in the energy sector. Based on the above, it is evident that the new escalation in power prices came sooner than expected by most analysts. Europe needs to handle critical circumstances, with energy efficiency taking a pivotal role. At the same time, the cost of Renewable Energy Sources (RES) increased significantly during the last year (due to supply chain issues, inflation and raw materials cost), but it remains competitive when compared to conventional power production technologies within the current crisis. RES received a significant boost with the REPowerEU program, and, despite the temporary revival of carbon, its adoption is expected to accelerate at an international level as countries realise these technologies are the only way to move towards energy security and reduced costs. In that context, the role of RES Aggregators is crucial today since these entities are responsible for both providing market access to RES generators and the Balancing Cost of their portfolio. The presentation will touch upon the following topics: · The creation of a single EU market for electricity · Benefits from Cross-border Trading · Market Coupling · Power Exchanges · Wholesale Electricity Prices in Europe · Merit Order Effect ·The Role of RES Aggregator as a vital participant in the Wholesale Electricity Market More info: https://www.energymanagementcentre.eu/events/invited-talks/res/overview/