Electricity market

Carbon-Free Europe Releases New Energy Systems Modelling

Retrieved on: 
Thursday, June 8, 2023

LONDON, June 8, 2023 /PRNewswire/ -- Today, Carbon-Free Europe (CFE) released its latest Annual Decarbonisation Perspective in partnership with Evolved Energy Research, which provides annual insights into Europe's progress towards carbon neutrality by using cutting-edge energy systems models to evaluate the latest changes in energy policy and technology costs.

Key Points: 
  • LONDON, June 8, 2023 /PRNewswire/ -- Today, Carbon-Free Europe (CFE) released its latest Annual Decarbonisation Perspective in partnership with Evolved Energy Research, which provides annual insights into Europe's progress towards carbon neutrality by using cutting-edge energy systems models to evaluate the latest changes in energy policy and technology costs.
  • This year's study, incorporating the implications of Russia's invasion of Ukraine and the subsequent energy crisis, also sheds light on the impact of EU clean energy policy such as the Fit for 55 package and REPowerEU.
  • This would not only bolster the UK's energy independence, but also cement its global competitiveness in the clean energy marketplace."
  • Last year, Carbon-Free Europe released its first energy systems modelling , which identified five different pathways for the EU and UK to reach their 2050 net-zero emissions commitments.

Carbon-Free Europe Releases New Energy Systems Modelling

Retrieved on: 
Thursday, June 8, 2023

BRUSSELS, June 8, 2023 /PRNewswire/ -- Today, Carbon-Free Europe (CFE) released its latest Annual Decarbonisation Perspective in partnership with Evolved Energy Research, which provides annual insights into Europe's progress towards carbon neutrality by using cutting-edge energy systems models to evaluate the latest changes in energy policy and technology costs.

Key Points: 
  • CFE's analysis demonstrates how the EU's Fit for 55 and REPowerEU have laid the groundwork to quit Russian natural gas and outlines a path forward to accelerate the energy transition while ensuring energy sovereignty in Europe.
  • "As policymakers develop and finalise components of the GDIP, they should prioritise the technology-inclusive approach our modelling outlines to ensure Europe not only secures its energy independence, but also cements its global competitiveness in the clean energy marketplace."
  • Last year, Carbon-Free Europe released its first energy systems modelling , which identified five different pathways for the EU and UK to reach their 2050 net-zero emissions commitments.
  • Carbon-Free Europe is working to galvanise support across Europe for an ambitious decarbonisation agenda and is driving efforts to innovate and modernise European energy systems.

Highlights - Public hearing on the reform of the EU's electricity market design - Committee on Industry, Research and Energy

Retrieved on: 
Wednesday, April 19, 2023

Public hearing on the reform of the EU's electricity market design

Key Points: 
  • Public hearing on the reform of the EU's electricity market design
    19-04-2023 - 16:08
    The ITRE Committee is organising a public hearing on the reform of the Electricity Market Design that was proposed by the Commission on 14 March.
  • The proposals aim to accelerate renewable generation and the phase-out of fossil gas, make consumer bills less dependent on volatile fossil fuel prices, better protect consumers from future price spikes and potential market manipulation, and make the EU's industry clean and more competitive.
  • Members will have an opportunity to exchange views and raise questions with affected stakeholders and experts in the field.
  • Members will have an opportunity to exchange views and raise questions with affected stakeholders and experts in the field.

AECO Energy Wins 2021 Digital Capability Award by the AustCham Business Awards

Retrieved on: 
Friday, November 26, 2021

SINGAPORE, Nov. 26, 2021 (GLOBE NEWSWIRE) -- AECO Energy, a Singapore-based energy solutions and technology company, today announced it has been named the 2021 winner of the Australian High Commission Singapore sponsored Digital Capability Award from the Australian Chamber of Commerce Singapore (AustCham).

Key Points: 
  • SINGAPORE, Nov. 26, 2021 (GLOBE NEWSWIRE) -- AECO Energy, a Singapore-based energy solutions and technology company, today announced it has been named the 2021 winner of the Australian High Commission Singapore sponsored Digital Capability Award from the Australian Chamber of Commerce Singapore (AustCham).
  • The annual AustCham Business Awards for 2021 were presented physically for the first time since the pandemic.
  • Angela Robinson, Australia's Deputy High Commissioner to Singapore presented the inaugural Digital Capability award.
  • I am pleased to present the 2021 Digital Capability award to AECO Energy.

Indian electricity prices determined with innovative Belgian technology

Retrieved on: 
Monday, July 26, 2021

IEX expects to benefit fromN-SIDE's Power Matching Solutionas it enables the power exchange to respond to the rapid growth of the Indian Energy market.

Key Points: 
  • IEX expects to benefit fromN-SIDE's Power Matching Solutionas it enables the power exchange to respond to the rapid growth of the Indian Energy market.
  • After deploying and continuously improving a solution for the European market for more than 10 years,N-SIDE's Power Matching Solutionis now being used to benefit the Indian energy market.
  • As more Indian citizens need access to electricity and the market is becoming increasingly complex, the trade platform was looking for a modern solution to determine wholesale electricity market prices.
  • The algorithm went live on the IEX platform in April and is now running every day to support 70% electricity trade on such markets.

Indian electricity prices determined with innovative Belgian technology

Retrieved on: 
Monday, July 26, 2021

LOUVAIN-LA-NEUVE, Belgium, July 26, 2021 /PRNewswire/ -- With effect from 14th April 2021, the Indian Energy Exchange has started using the N-SIDE Power Matching Solution to determine the daily price and traded volume of electricity in its Day Ahead Market.  IEX expects to benefit from N-SIDE's Power Matching Solution as it enables the power exchange to respond to the rapid growth of the Indian Energy market. After deploying and continuously improving a solution for the European market for more than 10 years, N-SIDE's Power Matching Solution is now being used to benefit the Indian energy market.

Key Points: 
  • IEX expects to benefit fromN-SIDE's Power Matching Solutionas it enables the power exchange to respond to the rapid growth of the Indian Energy market.
  • After deploying and continuously improving a solution for the European market for more than 10 years,N-SIDE's Power Matching Solutionis now being used to benefit the Indian energy market.
  • As more Indian citizens need access to electricity and the market is becoming increasingly complex, the trade platform was looking for a modern solution to determine wholesale electricity market prices.
  • The algorithm went live on the IEX platform in April and is now running every day to support 70% electricity trade on such markets.

Voltus Partners With the Advanced Energy Management Alliance to Ensure the Equal Treatment of Distributed Energy Resources in Wholesale Electricity Markets

Retrieved on: 
Thursday, July 8, 2021

SAN FRANCISCO, July 8, 2021 /PRNewswire/ --Voltus, Inc., a leading distributed energy resource (DER) technology company, announced today its partnership with the Advanced Energy Management Alliance (AEMA).

Key Points: 
  • SAN FRANCISCO, July 8, 2021 /PRNewswire/ --Voltus, Inc., a leading distributed energy resource (DER) technology company, announced today its partnership with the Advanced Energy Management Alliance (AEMA).
  • Together, Voltus and AEMA will push forward policy and regulatory changes that will ensure the adoption of DER solutions nationwide.
  • Voltus is not new to the regulatory arena, actively advocating for the full-scale adoption of DERs in wholesale electricity markets.
  • Voltus is the leading platform connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity.

New Report Finds Wholesale Power Markets Key to Accelerating Renewable Energy in the Southeast

Retrieved on: 
Tuesday, June 29, 2021

WASHINGTON, June 29, 2021 /PRNewswire-PRWeb/ -- A new report released today by the American Council on Renewable Energy (ACORE) analyzing power market design features finds that real-time, wholesale energy markets, particularly when paired with regionally planned transmission, are critical to accelerating the growth of renewable energy in the Southeast.

Key Points: 
  • WASHINGTON, June 29, 2021 /PRNewswire-PRWeb/ -- A new report released today by the American Council on Renewable Energy (ACORE) analyzing power market design features finds that real-time, wholesale energy markets, particularly when paired with regionally planned transmission, are critical to accelerating the growth of renewable energy in the Southeast.
  • The report, Energy Market Design and the Southeast United States , was prepared in coordination with the American Clean Power Association and the Solar Energy Industries Association.
  • The report also compares the SEEM proposal to other potential energy market designs, including energy imbalance markets, RTO/ISO markets and traditional utility operations.
  • "The report finds that the Southeast would in fact benefit from a real-time energy market that relies on competitive bidding.

Enverus Acquires Marginal Unit to Address Power Congestion, Predictability and Price Impact

Retrieved on: 
Tuesday, June 29, 2021

Marginal Unit specializes in congestion analysis, power flow, identifying pricing opportunities and empowering customers to make better investment decisions in the power marketplace.

Key Points: 
  • Marginal Unit specializes in congestion analysis, power flow, identifying pricing opportunities and empowering customers to make better investment decisions in the power marketplace.
  • "Marginal Unit is the market leader in grid congestion and constraint analysis, the primary driver of power prices.
  • Enverus will integrate Marginal Unit's data systems into its new Power & Renewables software suite .Marginal Unit's 15 employees will join Enverus' growing workforce that now exceeds 1,500 worldwide.
  • Leveraging advanced physics simulations, artificial intelligence and powerful visualization, Marginal Unit makes traditionally complex power market analysis quicker, simpler and more accurate, enabling power market participants to make better investment decisions.

Voltus Provides 2,000 MWs of Distributed Energy Resources Across All Nine US and Canadian Power Markets as Peak Demand Season Begins

Retrieved on: 
Friday, June 18, 2021

"Scale allows us to provide a more reliable resource to each of these grids while optimizing the value of each individual DER.

Key Points: 
  • "Scale allows us to provide a more reliable resource to each of these grids while optimizing the value of each individual DER.
  • Last week, the Voltus portfolio was dispatched to support the MISO grid, providing nearly 140 MWs of DERs in response to rising temperatures and plant outages.
  • Voltus is the leading platform connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity.
  • Our commercial and industrial customers and grid services partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets.