FSR

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The Florence School of Regulation presents:

Jean-Michel Glachant's Energy Today no.012

29 April 2015, at Vlerick Business School, Brussels

Jean-Michel talks with Daniel Dobbeni about the Energy Union and what the major TSOs in the world think of it.

Daniel Dobbeni is the former CEO of Elia, the Belgian TSO, the former chairman of ENTSO-E, as well as the co-chairman of GO15.

“It is a pity is that, despite the fact that we have the first Directive that was approved in 1996, most energy policies are still very much nationally driven when it goes to the implementation phase.”

“We are not benefitting today from the seamless access to this diversity of generation sources, and this should absolutely become a priority of all our leaders.”

“We asked the CEOs of the 17 biggest system operators what were their three nightmares, and to our astonishment we discovered that we shared most of these nightmares.”

“All of these CEOs are concerned by the lack of stability of regulation and the fact that regulation has to cope with the very fast changing environment in which these companies operate.”

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Author: Thomas-Olivier Léautier | Professor of Management, University of Toulouse

Category: FSR webinar recording

Level: intermediate

Date of release: April 2015

For a variety of structural reasons, the power industry is at high risk of exercise of market power by producers. Furthermore, accurately detecting and effectively correcting market power is technically and politically challenging. Policy makers have tried a variety of mechanisms, with varying success

This webinar will illustrate the potential (and real) exercise of market power, and discuss various corrective mechanisms.

This is a recording of webinar held on 16th April 2015, moderated by Chiara Canestrini (FSR)

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The Florence School of Regulation presents:

Jean-Michel Glachant's Energy Today no.011

16 April 2015, at Harvard Kennedy School, Cambridge Massachusetts.

Jean-Michel talks with his old friend Denny Ellerman, and is told there already is a European Climate Union, the ETS!

Denny Ellerman is former director of the Joint Program on the Science and Policy of Global Change, and the Center for Energy and Environmental Policy Research at MIT, as well as former area director of the Climate Policy Research Unit at the European University Institute's Robert Schuman Centre for Advanced Studies

“Think, you have a Climate Union, it’s called the ETS”

“The problem, to my mind, is climate policy is in danger of becoming like what I regard energy security both in Europe and particularly the United States, that it is a justification for everything and for nothing, and with no results.”

“It’s a long arduous, painful even process of incremental changes and people finally coming to agree to do certain things and you just move across incrementally and I just think that the Energy Union is a nice sort of banner but notice, it is the Energy Union, it is not the Energy and Climate Union”

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The Florence School of Regulation presents:

Jean-Michel Glachant's Energy Today no.010

14 April 2015, Harvard Kennedy School, Cambridge Massachusetts.

Director of Florence School asks Harvard Prof. Bill Hogan how he views the existing EU Power Target Model and compares it with his own preferred Target Model.

Bill Hogan is Professor of Global Energy Policy and Director of the Harvard Electricity Policy Group (HEPG) at Harvard Kennedy School.

"There is a fundamental problem associated with my understanding of this design that has to do with the underlying principles of markets, and in particular with what we call in the US ‘open access’ and ‘non-discrimination’."

“…we had markets in California, Texas, New England and PJM in the early days, which all collapsed because you couldn’t reconcile open access, non-discrimination, and substantial arbitrage opportunities between the market and the physical system”

“The difference has to be explained in the implementation of these principles of open access and non-discrimination, I think I that the TSOs in Europe have much more power and flexibility to discriminate between market participants than the independent system operators do in the United States"

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The Florence School of Regulation presents:

Jean-Michel Glachant's Energy Today no.009

14 April 2015, recorded on the streets outside Harvard Kennedy School, Cambridge Massachusetts.

Jean-Michel catches up with Simone Mori, Director of Enel, and asks him about new business models for EU utilities.

“What is ENEL saying? Well to make very simply, we want to be the first and the best of the leaders in this new environment…”

“If you look around the world, renewables have become more and more, a basic option for covering base load generation, this is a reality”

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The Florence School of Regulation presents:

Jean-Michel Glachant's Energy Today no.008

13 April 2015, at Harvard Kennedy School, Cambridge Massachusetts.

Jean-Michel talks with Alberto Pototschnig, Director of the Agency for the Cooperation of Energy Regulators, and discovers that "at least one director of a European agency is willing to work much more” as the Energy Union might bring more power to ACER.

“The increased liquidity of gas market I think that’s extremely important because flexibility in the electricity sector may come from a more flexible gas market”

“ …we still need to address I would say the technical, but even more importantly the regulatory and the business model”

The Florence School of Regulation presents:

Jean-Michel Glachant's Energy Today #007

31 March 2015, at DG Energy, Brussels.

Jean-Michel asks Klaus Dieter Borchardt, Director of the Internal Energy Market at DG Energy of the European Commission on market design and network codes, and has a look around Borchardt's office to see if a 4th package can be found.

“Jean-Michel, let me tell you I hate talking about a 4th package because you just put a label on something and you do not know what is in there. To think we come forward with new package where we develop a new policy, a new design for electricity market is wrong.”

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20 March 2015, CEER Secretariat, Cours Saint-Michel 30a, 1040 Brussels Belgium

01 Introducing the paper European Energy Union, Tadhg O'Briain | European Commission

02 Christian Oliver | Financial Times, opens the debate, Energy Union, Content or Packaging?

03 Debate part 2

04 Debate part 3

05 Debate part 4

06 Questions from the Audience

Debating the European Energy Union

Moderated by:

Christian Oliver | FT

Panellist :

Sami Andoura | Jacques Delors Institute/College of Europe

Jean-Michel Glachant | FSR

Tadhg O'Briain | European Commission

Georg Zachmann | Bruegel

Jean-Arnold Vinois | Jacques Delors Institute

http://FSR.eui.eu

20 March 2015, CEER Secretariat, Cours Saint-Michel 30a, 1040 Brussels Belgium

01 Introducing the paper European Energy Union, Tadhg O'Briain | European Commission

02 Christian Oliver | Financial Times, opens the debate, Energy Union, Content or Packaging?

03 Debate part 2

04 Debate part 3

05 Debate part 4

06 Questions from the Audience

Debating the European Energy Union

Moderated by:

Christian Oliver | FT

Panellist :

Sami Andoura | Jacques Delors Institute/College of Europe

Jean-Michel Glachant | FSR

Tadhg O'Briain | European Commission

Georg Zachmann | Bruegel

Jean-Arnold Vinois | Jacques Delors Institute

http://FSR.eui.eu

20 March 2015, CEER Secretariat, Cours Saint-Michel 30a, 1040 Brussels Belgium

01 Introducing the paper European Energy Union, Tadhg O'Briain | European Commission

02 Christian Oliver | Financial Times, opens the debate, Energy Union, Content or Packaging?

03 Debate part 2

04 Debate part 3

05 Debate part 4

06 Questions from the Audience

Debating the European Energy Union

Moderated by:

Christian Oliver | FT

Panellist :

Sami Andoura | Jacques Delors Institute/College of Europe

Jean-Michel Glachant | FSR

Tadhg O'Briain | European Commission

Georg Zachmann | Bruegel

Jean-Arnold Vinois | Jacques Delors Institute