MECHANDISER
as well as dependable capacity through reforms of ancillary services and the introduction of capacity mechanisms. IHS calculates that wind and solar generation will require around 60 GW of additional conventional backup generation by 2035—this capacity will not be delivered under the current market designs. Today 110 GW of flexible gas-fired power generation is at direct risk of retirement— backup capacity that is needed as a complement to further renewable expansion. If the investment framework is not adjusted adequately and investments are not forthcoming, many countries could fall back on extended use of coal plant as a default option.
• Infrastructure Investments – Infrastructure development provides
the backbone of the pan-European power system. Delays in the authorization and permitting processes for transmission projects need to be remedied. To effectively interconnect the European power system, over €200 billion in transmission in interconnection capacity is required between today and 2035. Interconnectors will require more funding through regulated revenues as price differentials between markets will not support merchant commercial investments. To request a copy email:
E:
margaret-anne.orgill@
ihs.com
Energy Vision 2013
THE BIGGEST ENERGY challenge facing the world today is meeting the rapidly growing energy needs of emerging market nations, including the 1.3 billion people that have little or no access to modern energy, according to the World Economic Forum’s Energy Vision 2013 – Energy Transitions: Past and Future report launched at the recent IHS CERAWeek Conference. In response to this challenge, policy-
makers are looking towards low-carbon and renewable sources of energy. However, 87% of total world primary energy demand is met by oil, coal and natural gas; more than 92% with nuclear energy. Wind, solar, geothermal and other non-hydro renewable resources provide just 1.6% of total world energy. Today, there is a renewed and much
22 – 23 April 2013 | Radisson Blu Scandinavia, Düsseldorf, Germany
www.platts.com/europower
4TH ANNUAL
European Power Generation Conference
European power: timing the tipping point Your 2013 speaker faculty includes:
Dr. Susanne Nies Head of Energy Policy & Generation Unit
EURELECTRIC
Alistair Buchanan Chief Executive Offi ce OFGEM
Dr. Frank-Detlef Drake Vice President, Corporate Research & Development
RWE
Thomas Dalsgaard Executive Vice President Dong Energy
Join your peers and explore:
3 Key sessions looking at the future for European power market design and power generation policy - by RWE Supply and Trading, OFGEM and Dong Energy
3 Conventional power generation – the latest trends, challenges and opportunities for coal and gas in Europe – presentations from Enel,
RWE and Advanced Power
3 The challenge of integrating renewables in the European power generation mix - analysis by EURELECTRIC, E.ON Climate &
Renewables, BrightSource Energy and Swiss Re
3 Project fi nance and risk mitigation: justifying investment in current conditions - hear from Société Générale, ERM and Standard & Poors
Principal media partners:
An excellent opportunityto review developments in the European power markets with some great speakers.
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more intense focus on what kind of energy transition might be ahead and what the timing might be. The shifts in balance within the mix will have direct consequences for all society. “The general assumption is that we will
gravitate towards a world dominated by renewables,” said Roberto Bocca, Senior Director, Head of Energy Industries, World Economic Forum. “Surprisingly though, this transition will be different than in the past where the energy mix moved from one fuel to another, like from wood to coal. What we’ll see in the future instead will be a transition from some energy sources to many energy sources, for example, from a diverse energy mix to a set of diversified energy mixes.” The report, written in collaboration
with IHS CERA aims to provide a framework for understanding the potential for changes in the energy mix and how an energy transition could unfold. Without attempting to predict a specific future, it analyses factors that may drive changes in the energy mix in the coming decades. Although energy efficiency and other demand-side issues are critical to future energy systems, the report focuses on the supply side of the equation and how society will meet its ever-growing energy needs. “Transitions
in the energy industry
unfold over decades, owing to the large scale of the industry and the size and longevity of the infrastructure involved,” said Daniel Yergin, IHS Vice Chairman and the Forum’s Oil and Gas Community Leader 2012. “However, shifts in the energy mix will have direct consequences for all participants in the world’s energy industry – incumbents, new entrants and innovators, governments and, of course, for all society.”
www3.weforum.org March 2013
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