The webinar is co-hosted with the Centre on Regulation in Europe (CERRE)
The concept of connecting electricity markets, which started with the sole objective of maximizing economic gains, is now being increasingly expanded to fulfil other policy objectives, especially to support the low-carbon future energy system. Both top-down and bottom-up approaches have been used to drive the desired changes. However, clearly articulated policies supported through complementing and innovative regulations and the need for a local/regional-level institution to facilitate this change cannot be undermined.
This workshop will review the developments in the GCC region and how they support the creation of a regional electricity market. Also, the transition from the current model to a more effective and integrated market will be examined to discuss the examples that could be applied in the GCC countries to achieve their policy goals.