Developing a 100% renewable energy system: the challenge of efficient decarbonization 29 de xul. de 2022
Developing a 100% renewable energy system: the challenge of efficient decarbonization
Well-functioning energy markets are critical for an efficient and fast development of renewables.
So far, our market and regulatory arrangements are slowly delivering the renewable generation
that we need, but are frequently failing to provide the right framework for the deployment of
carbon free flexible and firm resources to complement renewable generation. The talk will be
structured on two different but related parts. i) The challenges posed by the development of a
100% RES system, where security of supply is provided by resources such as storage and
demand response, as well as the relevance of the coupling of the electricity and hydrogen
systems to bring a carbon free energy system. We will look at what a fully decarbonized system
could look like for a country like Spain. ii) The current energy price crisis has intensified the
debate about market design, and will have a sustained impact on the energy transition process.
We will briefly discuss how the crisis has been dealt with, what can we learn from it, and
describe some aspects of the debate that is now taking place in the EU institutions and national
governments and in society at large.