Report: How Will Europe's Electricity Market Look Like in 2030 and Beyond?

This CERRE report analyses the possible evolution of the European electricity market under different levels of variable renewable energy penetration towards 2025.

The EU’s multiple efforts for decarbonisation with its long term strategy for a climate neutral economy by 2050, and the heated negotiations between the European Parliament, Council and Commission for a new market design highlight the many issues Europe is facing for defining the right electricity market. In this context, the authors of this new study (Prof. Michael G. Pollitt, Dr Chi Kong Chyong) have modelled and analysed the possible evolution of the electricity market under different variable renewable energy (VRE) penetration scenarios. They have looked at the necessary adaptation that these imply... ... More: Official Press Release CERRE

Keywords:

CERRE, report, electricity market, Europe, 2030, 2050, renewable energy, electricity system, carbon prices