New report highlights why the Danish model should be adapted
The recent increase in electricity from renewable sources combined with a need for flexibility in both electricity production and consumption has created a need to rethink the current market model for electricity. To create a sustainable model that balances production and consumption, Energinet.dk has initiated the project “Market Model 2.0”.
The first phase of the project aimed to provide an overview of market solutions that take both flexibility and capacity into account. The outcome is among others recommendations for a sustainable market model for electricity towards 2030, based on a thorough analysis of the state of health of the market for electricity. The report highlights solutions that are deemed relevant in a Danish context across various scenarios in terms of security of supply factors and outline design criteria for the process ahead. The next phase, which will focus of defining the most optimal socioeconomic and market-based solutions, will run from December 2014 to August 2015.