Opening training session on “Market integration of renewable energies”
Opening training session on “Market integration of renewable energies”
CEER Vice President Pedro Verdelho described challenges and opportunities of electricity systems in transition, given that the levelised cost of energy of fossil fuels exceeds that of renewables but there remain challenges of multi-directional flows, decentralisation, intermittence, variability, etc.
Mr Verdelho discussed regulatory challenges and opportunities in light of more and more renewables in the system: more dynamic regulation, new considerations in consumer protection and security of supply all whilst ensuring sustainability.
Finally, Mr Verdelho defined the “Glocal” concept: that is, a simultaneously global, local and circular approach to electricity/energy markets. This is fundamental to addressing the energy challenges of today, he added.