As part of the annual EU-India policy dialogues, the Clean Energy and Climate Partnership in collaboration with the Florence School of Regulation (FSR) will host a series of online webinars to discuss topics pertinent to the India power sector. The webinar series will bring together experts from the EU and Indian side and will draw upon learnings from EU’s Clean Energy Package, EU’s Interconnection targets, EU’s ten year network development plan, etc. This webinar series is supported by the Ministry of Power (MoP), Central Electricity Regulatory Commission (CERC) and Power System Operation Corporation (POSOCO).
The topics identified for the sessions are:
- Market design for Integration of RES - 20th July 2022
- Energy Imbalance and ancillary service market – upcoming
- Scarcity pricing - upcoming
Online Debate 1: Market design for Integration of RES
Traditional approaches to electricity market design need adaptation to factor in the growing share of renewables in the energy mix. Energy transition in different parts of the world is taking different forms and pace. In this session, we presented the findings of the recent report titled 'Regulatory Menu for Integration of Renewables'. This report examines and presents how electricity markets have evolved in Europe and India and focuses on six topics
- wholesale spot market and role of power exchanges
- role of decentralised energy resources
- renewable energy resources support mechanisms
- ancillary market balancing services
- retail electricity market
- cross border electricity trade.
The report launched was based on the discussions undertaken at the 5th EU-India Workshop Series on Energy Regulation.
In addition to the report, the session also detailed two complementary foundational books that will allow for readers to get a more holistic understanding of RES integration both in the EU and India. The first book was 'Handbook on Electricity Markets' edited by Jean-Michel Glachant, Director, Florence School of Regulation and the second book was ' Renewable Energy in India: Economics and Market Dynamics' authored by Pramod Deo, Sushanta K. Chatterjee and Shrikant Modak.
Link to report: Regulatory Menu for Integration of Renewables