Axis NIFTY Bank ETF · NSE:BNKETFAXIS
Axis NIFTY Bank ETF — Sixth Annual EPRI-IEA Challenges in Electricity Decarbonisation Expert Workshop 2019
8 slides from Axis NIFTY Bank ETF's conference presentation, Oct 18, 2019
Slide 1: Can current Electricity Markets Cope with High Shares of Renewables?
Can current Electricity Markets Cope with High Shares of Renewables? A Comparison of Approaches in Germany, the UK and the State of New York Karim L. Anaya, Michal G. Pollitt Energy Policy Research Group (EPRG), University of Cambridge Sixth Annual EPRI-IEA Challenges in Electricity Decarbonisation
Slide 2: Coping with high shares of renewables
Coping with high shares of renewables “Renewables and traditional markets”: - Increase in share of renewable energy is a fact (EU28: 8.5% in 2004, 17.5% in 2017). - In contrast with fossil fuel generators, renewables exist outside organised electricity product markets. - Renewables are not exposed (
Slide 3: Coping with high shares of renewables
Coping with high shares of renewables “High share” of renewables: - The problem of non-availability (wind, solar). - The problem of surplus (high level of curtailment and high costs to society). - Then a combination of other options is required (i.e. fossil fuel, storage, interconnection, etc. ). “C
Slide 4: Coping with high shares of renewables: UK, Germany, New York
Coping with high shares of renewables UK (EMR) Focused on decarbonisation rather than renewables per se Use of different instruments Support to low carbon generation Germany (Energiewende) “Just do it” approach Renewables come first High tariffs (subsidies) Nuclear-free New York (REV) Unlock the val
Slide 5: Some key figures & new developments – UK
Some key figures & new developments– UK Committee on Climate Change (2019): • “Net zero” greenhouse gasses by 2050 (tougher goal). • But with current policies it is not possible (even for existing targets!), then clear, stable and well-designed policies are required. • People also need to do things
Slide 6: Some key figures & new developments - UK
Some key figures & new developments - UK Coping with the increase of renewables and decarbonisation: Energy Sector: • Smart systems and flexibility plan -2017 (rise in renewables - decentralised options) • New interactions with TSOs/DSOs – 2018 (5 DSOs Worlds) • Improved charging methodology (SCR)–
Slide 7: Concluding Remarks
Concluding Remarks • Different kinds of electricity market reforms may converge in the long term. • New developments (i.e. new rules, roles, business models, markets) are required for the integration of high shares of renewables. • A societal change is needed (“consumer as the centre of energy trans
Slide 8: Q&A Thank you!
Q&A Thank you! w w w .eprg.group.cam.ac.uk 8