blueprint.raponline.orgRAP Blueprint – The 2035 regulatory blueprint of the European power system

« Back to Blueprint Blueprint Background Blueprint Background Blueprint Background Blueprint Background Blueprint Background Blueprint Background Blueprint Background Blueprint Background Blueprint Background Blueprint Background Blueprint Background Blueprint Background {"Legacy bias":{"barrier":"Legacy bias","box":["regulate"],"barrier_description":"The current regulatory framework was built around a centralized, fossil-fuel-based design that has been in place over a century."},"Stranded assets":{"barrier":"Stranded assets","box":["regulate"],"barrier_description":"Some traditional generation assets will soon become stranded. It is challenging to write them off efficiently and fairly."},"Vested interest":{"barrier":"Vested interest","box":["regulate"],"barrier_description":"Interest of market actors are not aligned with the goal of timely transition. We need to realign incentives so they work with the transition."},"Weak competition":{"barrier":"Weak competition","box":["regulate","integrate","ensure"],"barrier_description":"An unlevel playing field for all actors still constrains the efficient operation of markets."},"Market inconsistencies":{"barrier":"Market inconsistencies","box":["regulate","integrate"],"barrier_description":"The European power market is not fully integrated \u2014 we still have national rules that are not (yet) harmonized."},"Constrained price formation":{"barrier":"Constrained price formation","box":["make","intervene"],"barrier_description":"Prices do not always reflect the wider value and cost of the resource to the system and society."},"Market inertia":{"barrier":"Market inertia","box":["intervene","regulate"],"barrier_description":"Markets are powerful mechanisms but need to be accompanied by complementary policies for correcting their failures."},"Public opposition":{"barrier":"Public opposition","box":["regulate","secure"],"barrier_description":"Decarbonisation is often seen by people as a process that costs them now while the benefits are in the future and less tangible."}} Regulate for Competition Market Access for Demand Side Flexibility Clear Roles and Responsibilities Independent System Operators Optimal Resource Adequacy Accelerating Transmission Network Development Thriving Forward Markets Effective and Independent National Regulatory Authorities Smart Network Tariffs Pricing Greenhouse Gas Emissions Ending Fossil Fuel Subsidies Equitable Social Outcomes Integrate, Harmonise & Coordinate Coordinated Offshore Build Intervene to Accelerate Zero Emissions Programmed Fossil Phase Out Accelerated Overcapacity Exit Supporting Consumer Infrastructure Environmental Boundary Conditions Ensure Efficient Reliability Incentivising Network Innovation Efficient Price Formation Scarcity Pricing Market-based Retail Prices Locational Marginal Pricing Price Formation Standards Make Prices Reflect System Conditions Secure Social Contract System-Supporting Distributed Energy Resources System-Supporting Energy CommunitiesStorytelling Power System Blueprint Deep Dives The search for two-sided CfD design efficiency — contracts for difference part 2 Balancing act — contracts for difference part 1 Capacity markets — six mitigations for six drawbacks Price cannibalisation Show me the solutions for the following barrier: Select Barrier Select barrier Legacy bias Stranded assets Vested interest Weak competition Market inconsistencies Constrained price formation Market inertia Public opposition About the Authors . Site Map . Presented by RAP ( raponline.org ). © 2022, Regulatory Assistance Project. Power System Blueprint. Welcome to the Power System Blueprint! Climate neutrality requires the full decarbonisation of the power sector. As this is one of Europe’s biggest challenges today, there is a need for speed. The Power System Blueprint lays out how to design the regulatory context to achieve a clean, reliable, equitable and affordable European power system by 2035. The Regulatory Assistance Project (RAP) pulled together the latest insights to support regulators, NGOs, governments and anyone pursuing a decarbonised European power system. Quick guide on how to use this website: The Blueprint is a schematic of regulatory solutions linked to six important central principles . In the suite of regulatory solutions (also known as factsheets ), you will find comprehensive information, the most important regulatory steps and further reading. You can systematically work through the whole Blueprint , only select specific solutions or start from one of the eight main barriers (see barriers menu at the bottom of the homepage). Choose your own path! You can start exploring the Blueprint right away or read more about the context . Read the Background Get...