recommendations report, “Towards a More Dynamic Regulation for Energy Networks".
About this Event
CERRE is hosting a public event to present and debate its latest recommendations report, “Towards a More Dynamic Regulation for Energy Networks”, to be released on 26 March 2024 from 2:00pm to 4:00pm.
This event will present the CERRE report and its main recommendations by the academic team. The report explores potential areas where regulation could be changed in order to better cope with the uncertainty around net zero energy policies. These include potential changes to the nature of planning, uncertainty mechanisms, regulatory incentives, financing arrangements, stakeholder engagement, innovation processes and industry governance.
Recommendations for improvement will tackle the below questions:
1. The Nature of Regulation and the Regulatory Approach: Regulation needs to move beyond a static approach based on cost minimisation to efficiency to focusing on dynamic innovation led efficiency. Regulation needs to become more responsive and adaptive.
2. Potential changes to regulation: Best practice network regulation goes a long way towards a more dynamic set-up. Thus, catching up with regulatory best practice should be a priority for all European regulators. This, inter alia, involves having ex ante planning, appropriate uncertainty mechanisms, longer-term incentives, sufficient financing, effective stakeholder engagement, innovation funding mechanisms and promoting whole-system thinking.
3. Lessons from other sectors and outside Europe: European energy networks can learn from other sectors and countries. For instance, 25-year adaptive planning has been adopted in the water sector in England and Wales. An open innovation platform for the running of trials has been implemented in Singapore.
This is a public event. The discussions are not under Chatham House rules.
Event Venue & Nearby Stays
The University Foundation, Rue d'Egmont 11, Brussels, Belgium