Browsing by Author "Mathur, Michael"

The Clean Energy Package reformed the electricity market design with hopes for adapting the electricity system to the challenges of the future. Especially important was to create an efficient electricity market that could improve cross-border trading and the possibilities for energy technologies. This paper aims at identifying the new regulatory framework for energy storage systems. In addition, the electricity market design’s impact on security of electricity supply is assessed. The method used is a literature review based on EU official documents regarding the electricity market design. In addition, scientific articles provide understanding on the economic and technical possibilities of energy storage systems in the new electricity market design. The impact on security of electricity supply is based on the technical and legal capabilities that are assessed in relation to the needs of the electricity system. As illustrated in this paper, the new regulatory framework improves significantly the case for energy storage systems. The reforms are divided into the core rules, rules regarding access, market reforms and including energy storage in long-term network planning. These reforms indicate the expectations that policy makers have for energy storage. In addition, by reforming the framework for energy storage, the security of electricity supply will improve as a result of removing the need for capacity mechanisms, creating a favorable environment for renewable energy production and improving the affordability of electricity.