Challenges after the EC’s winter package - Improving security of supply and efficiency of the European energy system

Kurzfassung

The European winter package was published in November 2016 and laid out the path for future market design of the European Energy system. The impressive piece of proposals; written by the European Commission; wants to implement a consumer centered electricity market. However the winter package does not propose the endall or final version of the European energy system. In this talk I want to critically discuss the requirements defined by the winter package and the proposed market design. The presentation outlines the current state of the market design in Europe and evaluates based on scenario based modelling, how the market design could be further improved to become more efficient. The talk outlines model results from the European Energy system model REMix developed at DLR and discusses possible implications of changes in the market design. The presentation will discuss the introduction of market zones and proposals for more efficient markets for security of supply. The presentation also critically discusses the limitations of current energy system models and outlines challenges for energy policy makers.