Key findings

Key findings

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In the current environment, governments are faced with a spectrum of objectives including securing future supplies, building up renewable energy to meet emission targets whilst maintaining fuel diversity and containing end-user bills (the so-called trilemma). In attempting to meet these objectives, governments have intervened in the market process by using subsidies to promote development of renewable technology and setting strike prices for energy contracts with clean generators. This has resulted in a market that is neither free nor centrally coordinated and has created a number of problems.

Chapter Contents:

  • 20.1 Drivers of change
  • 20.2 Technical challenges
  • 20.3 Impact on market players
  • 20.4 Impact of renewable generation
  • 20.5 Embedded generation issues
  • 20.6 The nuclear option
  • 20.7 Carbon capture and storage
  • 20.8 Wholesale markets
  • 20.9 Balancing markets
  • 20.10 Capacity markets
  • 20.11 Interconnection
  • 20.12 Demand side management
  • 20.13 Interaction with gas, heat and transport
  • 20.14 Network issues
  • 20.15 Future scenarios
  • 20.16 Scenario evaluation
  • 20.17 Trading in an uncertain environment
  • 20.18 Smart grids development
  • 20.19 Optimum development strategy

Inspec keywords: renewable energy sources; air pollution; power markets

Other keywords: renewable energy; prices; emission targets; power market; market process; fuel diversity; clean generators; renewable technology; trilemma; end-user bills; energy contracts

Subjects: Energy and environmental policy, economics and legislation; Energy resources and fuels; Power system management, operation and economics; Energy resources

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