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ECA has been appointed by the Authority for Public Services Regulation to provide economic support for the price control reviews of the Main Interconnected System (MIS) Distribution and Supply companies (D&S-PCR6), Dhofar Power Company (DPC-PCR4), and Rural Area Electricity Company (RAEC-PCR5). The support, being provided until December 2021, covers the form and duration of the price controls, incentive mechanisms, the assessment of operating expenditure and financial issues.
Greek energy regulator RAE issues its allowed revenue methodology for electricity distribution, jointly developed with ECA
On 22 October 2020, the Regulatory Authority for Energy (RAE) approved the allowed revenue methodology for the Hellenic Electricity Distribution Network Operator (HEDNO), which was subsequently published in the Greek Government Gazette on 26 October 2020. The methodology was designed and developed by RAE in close collaboration with ECA’s Athens team with the intention of providing an unambiguous framework and incentives for efficient distribution network investment and operation. It also helps pave the way for the Government’s imminent partial privatisation of HEDNO.
ECA, together with BRE and Karanovic/Partners, is extending support previously provided to North Macedonia by the REEP Plus programme for the drafting and adoption of the Law on Energy Efficiency, in preparing relevant secondary legislation, compliant with the requirements of the Energy Performance in Buildings and Energy Efficiency Directives. This is the first of two phases comprising a detailed gap analysis and the development of tailored options for implementation in the country, given local circumstances and the flexibility afforded by the EU Directives.
Study on the Potential for Implementation of Hydrogen Technologies and its Utilisation in the Energy Community
ECA has been appointed by the Energy Community Secretariat to assess the potential and viability of different technologies for producing, transporting and deploying hydrogen in the Contracting Parties of the Energy Community, with a focus on the gas, electricity and industrial sectors, as well as potential opportunities for integration with EU markets.
The European Commission published its EU Hydrogen Strategy on 8 July 2020, setting out a vision of a significant role for hydrogen in achieving decarbonisation by 2050, recognising the difficulties of decarbonising some sectors purely through electrification and RES. The scale of the proposed investments (up to 500 GW of electrolysers by 2050 and almost €500 billion of investment) has attracted headlines, but less clear are the regulatory implications. How can a nascent and costly technology be promoted without sacrificing the principles of the EU energy market? For three core regulatory fundamentals underlying EU energy markets – fair access, cross-border competition and avoiding cross subsidies – we examine potential conflicts with the ambitious objective of hydrogen introduction. READ ECA’s INSIGHT HERE
This month, ECA welcomes Alex Schmid to the team. Alex is a London School of Economics graduate with an MSc in Local Economic Development, and a BSc in Geography with Economics. Having grown up in Perth, Australia and Munich, Germany, he is fluent in both English and German. Welcome aboard Alex!
ECA has been appointed by the World Bank’s Partnership for Market Readiness to conduct a review of carbon pricing instruments (CPIs) in the energy sector in the ASEAN region and the potential for enhanced cooperation between them.
The Asian Development Bank has released a new report on options for renewable energy subsidy mechanisms in Indonesia. The report draws extensively on analysis and recommendations developed by ECA with PT Castlerock. Taking geothermal projects as an example, the report demonstrates a practical mechanism to estimate the gap between economic values, project costs and the price of alternative supplies. It also shows how an appropriate subsidy based on economic benefits can be used to close the gap between project costs and the price of alternatives. Download HERE
ECA has been engaged by the IED and the GMG Facility Kenya, on behalf of the Energy and Petroleum Regulatory Authority, to update the mini-grid regulations that ECA drafted in 2017. The assignment will also include activities to facilitate more rapid regulatory approvals, including a review of EPRA’s mini-grid tariff model, an upgrade of EPRA’s website for mini-grid licence applications, and capacity building for EPRA and other stakeholders.
ECA, together with BRE, is furthering support previously provided to BA-Fed by the REEP Plus programme of the EBRD, in harmonising a subset of its legislation with the requirements of the Energy Performance in Buildings and Energy Efficiency Directives. This is the first of two phases comprising a detailed gap analysis and the development of tailored options for BA-Fed implementation, given local circumstances and the flexibility afforded in the EU Directives.