Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.

Athens Energy Dialogues Presentations | Nektaria Karakatsani

33 Aufrufe

Veröffentlicht am

Athens Energy Dialogues | January 23-24, 2020, Athens, Greece

Nektaria Karakatsani, Member of the BoD, Regulatory Authority for Energy

Veröffentlicht in: Präsentationen & Vorträge
  • Als Erste(r) kommentieren

  • Gehören Sie zu den Ersten, denen das gefällt!

Athens Energy Dialogues Presentations | Nektaria Karakatsani

  1. 1. The Greek Energy Market: Developments and Challenges Nektaria Karakatsani, Regulatory Authority for Energy (RAE), Member of the Board Athens Energy Dialogues, Athens, 24th January 2020 * Any views expressed are personal.
  2. 2. Energy: Catalyst for Stability and a Sustainable Future ❑ Geopolitics may raise complications, but energy can create strong links. ❑ 3D Transition: At least cost. Digitilisation, Decarbonisation, Decentralisation. + Cross-Sectoral Integration. ❑ By mid 2020: European Commission will present: ➢ 1st European 'Climate Law’: 2050 climate neutrality. ➢ Measures to achieve smart integration. ➢ Guidance in addressing energy poverty.
  3. 3. Green Deal requires tectonic changes ❑ Revision of the 40% CO2 reduction target to 50-55% ➢ Impact on energy efficiency target (32.5%) and RES target (32%)? ➢ Mid 2021: Adjustment of legislation ➢ EIB decisions - Implications for gas infrastructure? ➢ Revision of TEN-E regulation ➢ Gas directive and regulation ❑ Focus on green / blue hydrogen, biomethane from market perspective. ❑ Potential of agriculture and waste management as source of energy. ❑ External energy strategy becomes essential. 11% of global CO2 emissions are coming from EU vs. 5% in 2030. ❑ EU-China collaboration If China adopted the EU electricity market design, CO2 savings could equal Germany’s emissions.
  4. 4. Evolution of Energy Mix in Greece, 2014 - 2019
  5. 5. How the market has evolved? Some Indicators PPC Retail Share: 72 %, 53% in MV (Dec 2019). PPC Wholesale Share: 48% in 2018. DEPA Share: 33% in 2019 vs. 58% in 2018 (Wholesale). 42% in 2019 vs. 72% in 2018 (Imports). Gas share: 32 % vs 20 % lignite (Jan-Nov 19). LNG Terminal utilization: 42% (52% in S2). Reverse flow. RES > 24 % in electricity production. Daily output: reached 58 GWh in December. 13 auctions. Lowest bid: 53 €/MWh. 1600 ΜW in construction phase.
  6. 6. Options for consumers Consumers switching supplier: 627.000 in 2019 vs. 338.000 in 2018. > 20 active suppliers. > 40 electricity products for households. > 40 Bundled products. Add-on services. Access to gas: 30% new connections over 2019-2023. 500 mil investments. CNG in 9 regions. Consumers on social tariffs: 513.000. Universal service: 135.000. Disconnections due to arrears: 170.000
  7. 7. Clarity and Visibility is needed (I) ❑ NOME Abolishment: 10-15 €/MWh cost impact on alternative suppliers. ❑ Quantities gradually decreasing. ❑ Impact offset, partially, by: Drop in wholesale gas price: ~10 €/MWh. Increase in PPC’s retail tariffs. ❑ But, uplift costs escalated in Q4 2019 (5 €/MWh). ❑ Settlements and Normalisations by DSO. ❑ SMP-varying charges often activated by suppliers. ❑ Rules for transparency and comparability. ❑ Schemes under discussion with DG Comp.
  8. 8. Clarity and Visibility is needed (II) ➢ Target Model Implementation: ❑ Regulatory Framework: ➢ Trading and Clearing Rulebooks: Approved by RAE. ➢ Clearing for Balancing: TSO’s proposal pending. ➢ 25 methodologies: To be approved within 2 months. ❑ TSO Platforms: Clear testing plan is essential. Internal and interfaces. ❑ Forward market: ➢ Licensing of Athex Clear: by EU authority, under revised regulations. ➢ Market makers: Framework under consultation. ➢ Spectrum of products. Initially, monthly up to June. ❑ Dry-run period: Crucial. Bid format may result in undue volatility. The case of Ireland.
  9. 9. Challenges for Consumers Bills ❑ Production costs: Mining activity: Loss of 200 mil € in 2018. CO2 cost: Exposure being reduced. Favourable LNG prices. DEPA-Botas price revision. ❑ DSO Charges: Under-recovery of 130 mil €. Smart meters: ~ 1 bil €. Significant Under-investments. ❑ TSO Charges: Island interconnections > 4 bil € up to 2030. Challenge: Smooth effect with impact on PSO levies. ❑ RES Account: Timing of Cashflows crucial. New approach under review. ❑ PSO Account: Financing by state budget to avert deficit. ❑ Gas Transmission Tariffs: Level of socialization of infrastructure.
  10. 10. Regulatory Incentives for Efficiency Gas DSOs: WACC Premium: 1.5%. Targets, Criteria Indicators (% km, penetration) Electricity DSO: Power Losses Reduction Methodology close to public consultation Smart Meters: Similar approach proposed by DSO in 2018 Gas TSO: WACC Premium for significant projects. Methodology being developed Electricity TSO: Crete-Attica Interconnection: WACC Premium 1-2.5%, reflecting cost and timeframes Islands Interconnections: Proposed methodology related to timelines and PSO costs
  11. 11. DSO Incentives - The UK Approach ❑ Link DSO revenues with achievement of decarbonisation targets. ❑ Proactive role in: ➢ Connecting RES. Minimizing RES curtailments. ➢ Facilitating the roll-out of EVs. ➢ Developing flexibility markets. ❑ Strategic investments. Address risk of under-utilization. ❑ Stimulus for innovation. Innovation pot. Third parties involvement. ➢ Framework decision: Issued in 2019, to be implemented in 2023. ➢ All timelines of consultations and decisions included. ➢ Outstanding text, non-technical. ➢ 5 Working Groups established.
  12. 12. Regulatory Issues at European Level ❑ Capacity Mechanisms - Crucial Parameters: ➢ Recourse adequacy assessment, Reliability standards. ➢ Value of lost load, Cost of new entry. ➢ Methodologies for cross-border participation. ❑ PCIs: CBA methodology. ❑ EU DSO: Rules of procedure ➢ ACER: 3 public consultations on CEP implementation: ❑ Geographical scope of system operation regions. ❑ Methodology for regional electricity scenarios. ❑ Methodology for short-term and seasonal adequacy assessments. ➢ EC: Energy Storage Study.
  13. 13. 1 • Risk Identification 2 • Risk Analysis 3 • Risk Evaluation Trans-Balkan Joint Risk Assessment RAE: Co-ordinator
  14. 14. Exploit EU funding - New Instruments
  15. 15. “ Nothing endures but change” - “Big results require big ambitions” Steam Electrolyser In steelmaking

×