Low-carbon energy One line title system transformation: the role - PowerPoint PPT Presentation

12 April 2019 – Dresden Conference name, 5 April 2016 13 th International Conference on Energy Economics and Technology Low-carbon energy One line title system transformation: the role of markets Irina Nikolova Comm. Coordinator, i.nikolova@efet.org Mike Bostan PhD candidate, University of Maastricht Energy Markets Coordinator, EFET – European Federation for Energy Traders

PhD Research questions Ambition of the EU electricity policy Empirical research Contents jjk Outcome Role of markets

PhD research questions • How ambitious is the European electricity policy regarding each of the pillars of energy policy (affordability, environment, security of supply, + internal market)? • What factors are influencing this ambition? quantifying all available binding identifying the goals of the comparing goals consecutive goals European Union in against each other that are set for the the field of to see their main pillars of the electricity, in a evolution in time. EU electricity policy selected period of time

Ambition of the EU electricity policy (1) • To start with 1986 , widely taken as a starting point for a true identifying the EU policy by much of the literature, to latest year (2018) consecutive goals that are set for the main • Take only binding legislation (Directive, Regulation, pillars of the EU electricity policy Decision), leaving aside non-binding (Resolution, Conclusion, Information and Recommendation) • Select from electricity-related fields (Energy and Environment Directory Code), NOT from energy-related ( i.e. oil) • Single research point : European Council Registry

Ambition of the EU electricity policy (2) • Look at literature for similar stocktaking exercises quantifying all available • Policy density (number of policies put in place to reach binding goals of the European Union in the field a policy goal) + policy intensity (focuses on the content of electricity, in a selected period of time of the policy instruments) - BOTH • Policy outcome (if the policy solved the problem that was supposed to solve) vs. policy output (looks at actions taken in response to the law) – policy outcome chosen, to simplify research • Binding goals tagged by pillar, category, importance, stage, year, etc.

Ambition of the EU electricity policy (3) comparing binding • What pillars/categories have high/low policy goals against each density/intensity other to see their evolution in time. • Are the four main objectives of energy policies pursued equally? (i.e. one objective having progressively tightening targets, while another kept at same level) • Is there a pattern on policy failure (i.e. targets for an energy objective consistently not achieved) • Is there a pattern on policy success (i.e. targets for an energy objective consistently achieved)

Empirical research (1) • About 700 binding obligations/targets • About 3,000 tags that we can work with