European power trading innovation: Regulatory change transforms the landscape
The rise of intermittent generation is not the only agent of change in electricity markets. Rule changes can also have a significant impact
“When the single system price arrived, we were in the right place at the right time.” So says Phil Hewitt, director of software firm EnAppSys, of a game-changer in European power markets. Interestingly, though, this shift in dynamics was not driven by the explosion in wind and solar generation, albeit that was a contributory factor and continues to assist growth in liquidity and participation. Instead, it was a tweak to the market structure that helped turn a previously sleepy backwater of the traded market into the hottest venue in town. Phil Hewitt, director of EnAppSys How has increased renewables penetration changed the Great Britai
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026