Summary
Following the publication of the European Commission’s Energy Union Package over the summer of 2015, the inaugural European Energy Regulation Forum will discuss the role and impact of auctions and competitive allocation across EU energy policy and the European energy market.
Further Information
European energy markets continue to undergo rapid transformation. Change is being driven by rapid structural adjustments in global fuels markets, growing penetration of intermittent renewables, and the need to decarbonise and replace ageing electricity capacity, as well as European policymakers’ growing focus on competitiveness.
Such developments have underpinned a growing use of auctions and other market-based mechanisms for the allocation of property rights in energy markets. This includes rights to both real assets (e.g. EU ETS allowances or gas contracts) and remuneration (e.g. payments for capacity availability or access to revenue support for renewables).
With the rise in prominence of auctions and other market-based mechanisms to address complex and interrelated policy objectives (keeping energy prices competitive, system decarbonisation, supply security or system reliability) comes the risk of errors and unintended consequences in design and implementation of such mechanisms, or the temptation to over extend their use. For bidders, such mechanisms also pose new challenges, as they will need to value the rights allocated and develop bid strategies to minimise risk and maximise value.
This conference will provide focussed information and opportunities to debate on key, sector by sector issues including electricity, gas, renewables and emissions auctions and allocation mechanisms.
Interested in becoming involved? We have a limited number of sponsorship and visibility opportunities available for this event, with a host of benefits to suit all budgets.
For additional information, please contact Rose Maloney at rose.maloney@forum-europe.com / +44 (0) 2920 783 070.
