Third High-Level ESAP Plenary Meeting
Dates: 23 June 2016 - 23 June 2016
Contact Email: GCP@iea.org
The IEA created the Electricity Security Advisory Panel (ESAP) to focus on the challenge of ensuring reliable delivery of electricity during the transition to low-carbon sources for generating power. The third annual ESAP plenary meeting in June 2016 followed the publication of the IEA report Re-powering Markets and focussed on designing electricity markets for low-carbon generation, as well as the impacts of the COP21 climate negotiations and other international and national-level climate and energy policies on electricity markets.
Programme and Presentations
Welcoming Remarks: Fatih Birol, Executive Director, IEA
Keynote Speech: Melanie Kenderdine, Director of the Office of Energy Policy and Systems Analysis and Energy Counselor to the Secretary, Department of Energy, United States
SESSION 1 - REPOWERING MARKETS: LESSONS LEARNED
Moderator: Manuel Baritaud, Gas, Coal and Power Markets Division, IEA
• Jun Luan, Vice-President, State Grid Corporation of China (SGCC), China
• Andrew Vesey, Managing Director and Chief Executive Officer, AGL, Australia
• Ben Voorhorst, Member of the Board and Chief Operating Officer, TenneT, The Netherlands
• Takehiko Matsuo, Secretary-General of the Electricity and Gas Markets Surveillance Commission, Ministry of Economy, Trade and Industry (METI), Japan
SESSION 2 - AGEING LOW-CARBON CAPACITY: REGULATORY AND MARKET CHALLENGES
Moderator: László Varró, Chief Economist, IEA
• Norman C. Bay, Chairman, Federal Energy Regulatory Commission (FERC), United States
• Marie-Pierre Fauconnier, President, Electricity and Gas Regulatory Commission (CREG), Belgium
• Bo Diczfalusy, Chief Executive Officer, Energy Policy Commission, Sweden
SESSION 3 - BEYOND PARIS: THE ELECTRICITY INDUSTRY AND THE ACCELERATED MOMENTUM OF CLIMATE POLICY
Moderator: Paolo Frankl, Head of the Renewable Energy Division, IEA
• Virginie Schwarz, Director of Energy, French Ministry for Environment, Energy and the Sea, France
• James Leaton, Research Director, Carbon Tracker Initiative, UK
• Simone Mori, Head of European Affairs, ENEL, Italy
• Melanie Kenderdine, Director of the Office of Energy Policy and Systems Analysis and Energy Counselor to the Secretary, Department of Energy, United States
Concluding Remarks: Keisuke Sadamori, Director, Energy Markets and Security, IEA
The Third High-Level Plenary meeting provided a platform of discussion in order to seek insights from high-level representatives of governments, regulators, system operators, industry and academia on the analysis and policies needed to ensure electricity security and addressed the following questions:
- To support the transition to low-carbon power systems, a new market design must incorporate carbon policies and renewable support into a consistent market framework. Experiences in terms of designing wholesale electricity markets around the globe provide a wealth of information to identify best practices.
- How can the design of electricity markets influence the ability to transition to a low-carbon electricity system, at least cost, while maintaining electricity security?
- What are the key lessons learned for different IEA member countries and associated countries?
- The transformation of the power sector involves the retirement of ageing conventional capacity and the deployment of variable renewables as well as other resources to complement them.
- What are some of the challenges to meet the scale and pace of this transformation, specifically regarding the phase out and retrofit of ageing capacity?
- What regulations are needed to extend the life of ageing low-carbon capacity, achieve climate change objectives and transition to a secure decarbonised electricity system?
- The Paris climate agreement during COP21 created an accelerated policy momentum for rapid decarbonisation.
- What are some of the impacts of decarbonisation goals on the business environment and the policies and regulations under which companies operates?
- What issues are to be addressed to ensure electricity security of supply in this context?
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