This post is by Jonathan Bosch, research postgraduate at the Grantham Institute, Imperial College London.
The internal electricity market (IEM) is one of the major achievements of the European single market, allowing electricity to be traded and transmitted seamlessly across national borders. The UK has played a crucial role in the IEM’s development, working with EU energy regulatory agencies to help achieve ‘market coupling’, whereby power station operation and interconnection capacity are allocated simultaneously to achieve more efficient outcomes. The IEM relies on the physical interconnection infrastructure across the continent, and current plans see an expansion of interconnection between the UK and the European mainland in the coming years.
This post is by Paul Arwas who has over 20 years’ experience as a professional consultant, specialising in renewable energy and energy services. Paul has advised governments on energy policy and some of the leading global energy companies on strategy and technology issues.
No doubt you will have heard about the energy trilemma. Experts say we can have one or two out of a choice of secure, cheap or low carbon energy, but not all three.
But they are missing an obvious way of securing all three. Sources of secure, cheap and low carbon energy exist and they are closer to London than Glasgow. These sources lie outside the UK, and because they don’t feature in economists’ models and are outside the ken of many vested interests, they are the Cinderella of energy policy. Read more