As we grapple how to urgently do something about the EU’s dependency on Russian oil&gas, it is worth reminding everybody that this situation is a direct, obvious result of longstanding core elements of EU energy and competition policy and that as long as this is not acknowledged, it will be really hard to do something about it.
Your article is quite interesting in the context of French government decision to build new nuclear power plants. If it materialises and if correct, this will most likely be undertaken by the publicly owned utility and not without any burden on its balance sheet (first costs estimate of EUR 45-50bn which may be optimistic).
Is it the return to a more centralised / less liberalised production organisation? the return of "l'Etat Stratège"?
How will this fit the European rules? Will there be additional ARENH equivalent? Some new models could be developed where one built the EPRs and others participants market the capacity? Is it necessary to have such mechanisms and would it be the most efficient?
Very interesting read, thank you for sharing. Looking forward to your next post. Until then, can you give us a clue about what you think should change in terms of energy market design? And does this correlate with what *can* or *might* actually change in response to this energy crisis and Russia's invasion? Taboos are being broken all over the place, I'm wondering if the EU will review the use of marginal pricing (pay-as-clear) in power markets. I've written about this here: https://www.energymonitor.ai/policy/market-design/opinion-liberalisation-and-decarbonisation-are-a-recipe-for-volatility
Your article is quite interesting in the context of French government decision to build new nuclear power plants. If it materialises and if correct, this will most likely be undertaken by the publicly owned utility and not without any burden on its balance sheet (first costs estimate of EUR 45-50bn which may be optimistic).
Is it the return to a more centralised / less liberalised production organisation? the return of "l'Etat Stratège"?
How will this fit the European rules? Will there be additional ARENH equivalent? Some new models could be developed where one built the EPRs and others participants market the capacity? Is it necessary to have such mechanisms and would it be the most efficient?
Very interesting read, thank you for sharing. Looking forward to your next post. Until then, can you give us a clue about what you think should change in terms of energy market design? And does this correlate with what *can* or *might* actually change in response to this energy crisis and Russia's invasion? Taboos are being broken all over the place, I'm wondering if the EU will review the use of marginal pricing (pay-as-clear) in power markets. I've written about this here: https://www.energymonitor.ai/policy/market-design/opinion-liberalisation-and-decarbonisation-are-a-recipe-for-volatility