Tapping new markets
The energy transition does not only change electricity generation, but ideally also how we consume. Electricity markets in Europe, however, must deal with legacy regulations that fail to incentivize ideal consumption patterns to reduce curtailment and make the best possible use of the renewable energy assets we have. The result is towering bills for ancillary services, that could easily be avoided with a few regulatory tweaks and virtual power plants.
Europe, despite being at the forefront of the energy transition in many respects, has been hesitant to adopt microgrids, largely due to complex market regulations and established practices of distribution/transmission system operators (DSOs/TSOs). The Navigant Research quarterly Microgrid Deployment Tracker shows that as of Q4 2018 only about 9% of the world’s 2,258 microgrids (19.5 …
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