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Jan, 2020 – For regulated entities, lumpy investments in electricity and gas infrastructure lead to a sudden expansion in the asset. This increase is not always matched with a commensurate rise in transported electricity or gas volumes. Demand may take time to grow in which case these investments can result in sudden tariff increases for network users and consumers with no immediate benefit in return. This can apply to the development of new networks, expansion of existing networks, development of LNG terminals or investments in interconnectors. Many regulatory regimes around the world are ill-equipped to deal with these price spikes. Drawing on our international experience, we highlight four approaches that could be adopted to smooth tariff profiles in the wake of large investments or lower than expected demand. READ ECA’s VIEWPOINT HERE
Energy Efficiency Funds and financing mechanisms may be structured in various ways dependent on their funding source, objectives, institutional arrangements, and market context. ECA has been contracted by the EBRD under its framework agreement for Energy Efficiency Policy Dialogue, “REEP Plus”, to develop a set of Policy Guidelines that can share advice and best practice for Energy Community Contracting Parties on the design and implementation of centralised energy efficiency funds and financing mechanisms.
ECA, in partnership with SMEC, has been contracted by the Pacific Power Association to prepare investment plans for power utilities in Papua New Guinea, Samoa, and Tuvalu to improve their resilience to climate change.
ECA will begin the new year by determining the economic and financial cost of electricity supply in the Solomon Islands and advise SIEA on appropriate tariff structures.
Chile was an exemplar to the world in its introduction of liberalised power markets in the 1980s, even before the UK. It is now part of a broader global trend in the localisation of climate policy-making. Reflecting the drive by the Covenant of Mayors in Europe and the Conference of Mayors in the US, Chile’s “Comuna Energética” programme offers an example of how regional and local government can spearhead change. READ ECA’s VIEWPOINT HERE
ECA is to advise the National Water and Electricity Company Limited (NAWEC) on the development of a generation, transmission and distribution development plan; including economic, technical, financial, commercial and institutional aspects.
ECA Viewpoint – Deep thinking: running the rule over UK party manifestos for residential energy efficiency
Britain’s political parties have been in a race to declare increasingly ambitious carbon targets in the run-up to the election. But what matters most is the policy ingredients that are necessary to deliver on these lofty goals. This is particularly so for the major task of decarbonising our homes, requiring deep retrofits on an unprecedented scale. On the energy efficiency front there are welcome commitments to new expenditure in the manifestos of all three major parties, albeit to very different levels of ambition. But there remains a lack of clarity on the financing mechanisms themselves that will drive cost efficient change. READ ECA VIEWPOINT HERE
ECA is advising the Government of Moldova on its gas supply and gas contract options in light of the uncertainty of future supplies resulting from the ongoing dispute between Gazprom and Naftogaz.
Delivery of a 2-day workshop on international IPPs and associated PPAs.
ECA has been appointed by LuxDev, the aid and development agency of the Government of Luxembourg, to provide regulations for Quality of Service and Commercial Relations in the electricity sector of Cabo Verde.