GlobalBSG

🚀We are excited to announce an in-depth case study session:  "A TSO Evaluation of the First Months after the Nordic DA FB Go-Live." Our forum brings together key insights and experiences directly from industry leaders involved in this groundbreaking implementation. 🔍 Case Study Highlights: Where do we come from? A deep dive into the background of Nordic FB developments. Where are we now? Key observations and learnings from the initial months post-go-live. Next steps to enhance system efficiency and collaboration across the Nordic DA FB landscape. Speakers: 🎙️ Dr. Pieter Schavemaker, Managing Director at E-Bridge Consulting B.V. 🎙️ Ulrik Møller, Senior Economist at Energinet 👉 Secure Your Spot to connect, learn, and contribute to this pivotal dialogue https://lnkd.in/g7hxqJ6W #EnergyMarkets #DAFB #NordicEnergy #TSO #CaseStudy #EnergyInnovation

📚  Case Study Spotlight at the 10th Annual Energy Cross-Border Trading and Balancing Market Forum! Join us as Philippe Vassilopoulos, Director of Product Development at EPEX SPOT, shares exclusive insights after six months of Pan-European IDAS operations. Case Study: EPEX Experience After 6 Months of PanEU IDAS Operations In this timely session, Philippe will discuss: 🔍 The growing complexity of balancing the system and managing congestion Critical tools and products developed by EPEX Spot to manage risks and support a smooth transition for market participants How the accelerating energy transition—and increasing weather dependency—impact market resilience Discover strategies to help navigate these challenges and support a stable energy market during a time of rapid transformation. Don’t miss this opportunity to gain firsthand insights on innovations in congestion management and balancing in the evolving energy landscape 👉 https://lnkd.in/g7hxqJ6W #EnergyTransition #BalancingMarkets #CrossBorderTrading #EPEXSpot #EnergyForum #EnergyMarkets #PowerMarket #RenewableEnergy

🌍⚡ Exciting Case Study Alert! ⚡🌍 We're thrilled to announce that Sisse Friis Hansen, Senior Manager Balancemarked at Energinet, will be presenting a case study at our 10th Annual Energy Cross-Border Trading and Balancing Market Forum! Case Study: Efficient and Cost-Effective Procurement of Reserves In this session, Sisse will explore key challenges and strategies, including: Rising imbalances due to forecast errors and new dimensioning requirements. The impact on capacity within balance time frames across bidding zones, influenced by Flow-Based Allocation. Valuable insights from the Nordic capacity markets. Don’t miss this deep dive into the complexities of cross-border trading, reserve procurement, and balancing in today’s evolving energy landscape. 📅 Join us to gain actionable insights into navigating imbalances and optimizing capacity in interconnected energy markets 👉 https://lnkd.in/g7hxqJ6W #EnergyTrading #BalancingMarkets #CrossBorderEnergy #EnergyProcurement #Energinet #EnergyForum #EnergyIndustry #NordicEnergy

📚 Maike Kirsch , Policy Advisor, E3G 🚥🚥 This summer, South-eastern Europe saw electricity price spikes not experienced since the 2022 gas crisis, exposing a discrepancy between the region and the rest of the European Union. What drove these price surges was an interplay of dynamic factors. Heatwaves caused an increase in evening power demand and a reduction of hydropower production. 🗺️ Outages at nuclear power plants, interconnector flow issues, and an increase in exports to Ukraine added to the challenge. With little storage capacity for solar energy, gas generation, which saw higher running costs due to increased fuel costs, was ramped up as a result. The complex situation leaves stakeholders in the region and Brussels searching for solutions.. 🛢️ The price spikes already made it onto the agenda of EU energy ministers last month, but this week’s meeting of the Central and South-Eastern European Energy Connectivity (CESEC) Initiative was the one that can really drive regional cooperation and structural solutions. The recent electricity price spikes are a wake-up call to speed up collaboration on energy infrastructure, market integration, and the diversification of renewable sources. Without it, the region is at risk of energy security disturbances, high electricity bills and falling behind in Europe’s competitiveness race. 🌐 💻see full article 📚 https://lnkd.in/dMctm_GJ #CESEC #electricity #energytransition #interconnections #crossborder #energymarkets #renewableenergysources #transmission

🌍 Case Study Alert: Navigating Energy Supply Challenges Across Seasons at the 10th Annual ENERGY CROSS-BORDER TRADING AND BALANCING MARKET FORUM! We're excited to feature Dr.-Ing. Dominik Schlipf, Team Manager of System Balance at TransnetBW GmbH, who will share valuable insights on how the evolving energy landscape is impacting seasonal supply scenarios. Case Study Highlights: 🌐 Seasonal Challenges in Energy Supply: Winter: High energy demand puts supply under significant pressure—hear about the strategic measures taken to manage this. Spring/Autumn: Increased volatility from renewable sources brings new complexities to system balancing. Summer: Rising PV infeed presents its own set of challenges as solar power peaks. 📈 What’s Next?: Learnings from recent months and an outlook on steps for maintaining balance in a diverse energy system. Join us for this in-depth case study as we explore solutions for a resilient and balanced energy future 👉 https://lnkd.in/g7hxqJ6W #EnergyTransition #CrossBorderTrading #BalancingMarket #RenewableEnergy #TransnetBW

🔊 Keynote Announcement: Exploring the EU's Clean Industrial Deal at the 10th Annual ENERGY CROSS-BORDER TRADING AND BALANCING MARKET FORUM! We’re excited to share that Christian Baer, Secretary General at Europex - Association of European Energy Exchanges, will deliver a keynote on the European Commission’s upcoming Clean Industrial Deal. This address will delve into the balance between green goals and industrial competitiveness in an evolving market landscape. Keynote Highlights:  🌍 Competitiveness vs. Green Goals: Will the renewed focus on industrial competitiveness create a more balanced and less distortive market design? 🛠️ Market Harmonization: What steps are being taken to reduce market distortions and improve EU-wide harmonization? This is a must-attend keynote for those interested in how the EU’s strategic policies are shaping the future of cross-border trading and balancing markets. Join us as we navigate the intersection of sustainability and economic growth 👉 https://lnkd.in/g7hxqJ6W #EnergyTransition #CleanIndustrialDeal #CrossBorderTrading #EUROPEX #MarketHarmonization

🚀 Exciting Announcement for the 10th Annual ENERGY CROSS-BORDER TRADING AND BALANCING MARKET FORUM! 🌍⚡ We're thrilled to present an in-depth Case Study covering key topics shaping the future of European electricity markets: "Overview of Network Codes 2.0"  🔹 Capacity Allocation and Congestion Management (CACM) 2.0 🔹 Forward Capacity Allocation (FCA) revision and impact assessment 🔹 Implementation of the Electricity Balancing Guideline (EBGL) 🔹 Introduction of a new Network Code on Demand Response (NC DR) Join us in Berlin as Lorenzo Biglia, Manager for European Electricity Markets at Energy Traders Europe, dives into the latest updates and insights on these evolving frameworks. Whether you're an industry veteran or an emerging expert, this session is a unique chance to engage, exchange knowledge, and shape the path forward. 🗣️ Don't miss this opportunity to connect with thought leaders and deepen your understanding of the European energy market dynamics! 👉 https://lnkd.in/g7hxqJ6W #EnergyTrading #ElectricityMarkets #NetworkCodes2.0 #BerlinEnergyForum

The German government has unveiled a large aid plan to reduce electricity prices hitting an industry which has been in difficulty for several months. ↔️↕️ They're planning to make the changes through tax cuts and subsidies up until 2028. 🛃 This scheme, which will likely cost "up to €12 billion" next year alone, aims to "considerably reduce the electricity tax" for the manufacturing sector, by reducing it from 1.537 cents per kilowatt hour (kWh) to a minimum of 0.05 cents per kWh, according to a press release from the government. ⚙️ The plan is currently scheduled “until 2025”, they say - and the reduction could be extended “for three years”. 🔦 The companies that consume the most energy and "face the most international competition" will also benefit from the extension "for five years" of measures allowing them to offset part of their costs linked to the pollution rights markets. 🎯 “The government is massively relieving the manufacturing industry of its electricity costs,” German Chancellor Olaf Scholz announced via a press release. 💡💡 This announcement comes after weeks of intense discussions between manufacturers, unions and the government 🕳️↗️ The future of industry, a pillar of the German model, has raised countless questions across the country. ❓📈 Germany, which has for years depended on cheap Russian gas, had to do without that particular resource since the start of the conflict in Ukraine early last year. ↪️ Since then, manufacturers have experienced particularly high electricity prices - among the highest in Europe. ↪️ Highly energy-intensive activities are still struggling to regain their pre-war production levels, threatening relocation out of Germany. 🔍🔎 In the midst of this situation, Vice-Chancellor and Minister of Economic Affairs and Climate Action Robert Habeck has been calling for several months for the establishment of a price ceiling - by means of a massive subsidy for the most consuming industries. 🖇️🖱️ The German government predicts a recession - or a decline in GDP - of 0.4% this year. The former powerhouse of the EU is expected to be the only G7 country to experience a recession this year, according to the International Monetary Fund. ↪️Learn more ➡️ https://lnkd.in/g5QvTuwH #electricityprices #recession #optoelectronic #G7 #IMF #powerhouse #Eu #climateaction #economicaffairs

🕳️Coal-fired power stations can enjoy continued state support in the EU thanks to a controversial exemption in the revised EU electricity market regulation, the result of a political agreement struck just hours after a global agreement to transition away from fossil fuels. EU lawmakers have agreed to include a coal exemption in the reformed electricity market, which will allow member states to keep subsidising old power plants by 2025. The deal was reached in the evening of December 13 2023, following EU inter-institutional negotiations, in Strasbourg, to reform the Electricity Market Design (EMD). Introduced by Poland and backed by Bulgaria and France, the European Parliament caved into the pressure as it had initially refused such an exemption, but after ten hours of negotiations, MEPs and energy ministers finally agreed to include an “exceptional” coal derogation from the application of the CO2 emission limit for existing capacity mechanisms. The exemption at stake is for capacity mechanisms, EU jargon for national schemes to subsidise convention power generation capacity which guarantees resilience in the security of supply. The exemption, valid until the end of 2028, was criticized by Climate Action Network (CAN) Europe ,which said the decision could encourage other member states to follow suit. “Rewarding the inaction of member states that are failing to diversify and decarbonise their energy mix, by allowing again to extend the life of coal plants sets a dangerous precedent for other countries to follow,” said Marta Anczewska , Energy System Policy Expert at Climate Action Network (CAN) Europe . Leading the file in Parliament, MEP Nicolás González Casares told a press conference today that the subsidies for coal were a “bitter pill to swallow”. He said countries benefiting from aid for coal will need to submit a plan to the European Commission with a decarbonisation timeline to find a way to offset the emissions caused by coal power plants. “It’s not that Europe has abandoned its commitment to reduce emissions. Some parts of our continent might have a supply problem given the geopolitical situation and their energy capacity situation,” Casares said. 🖱️find out more 🖥️ https://lnkd.in/g9qi2NgD #Electricitymarket #EUPolicy #Coal #renewableenergy #Globalbsg

Massively expanding Europe’s electricity grid will be “📈 costly and…technically⚙️ challenging” but absolutely essential for the transition away from fossil fuels, according to Spanish minister for ecological transition Teresa Ribera, who is tipped for a key role in the next European Commission. 🌎 “Europe is probably the part of the world where the grids are most modern "but" we still need to invest a lot, almost to double the capacity "in a" very short time,” Ribera said in Brussels on Wednesday "4 September 2024"at a forum hosted by the economics think tank Bruegel - Improving economic policy. 🔔🔔 Diplomatic sources told the Spanish news agency that she was eyeing a vice-presidential position and a portfolio that covers the “modernisation of Europe from an economic, industrial and climate perspective”. This tallies with a leaked document circulating within von der Leyen's European People's Party, and seen by Euronews. 🎯Learn more🖍️ https://lnkd.in/gg_VEHgS #energytransition #expansion #electricitygrid #Eu #costeffective #ecologicaltransition