Lessons From the European Electricity Crisis

  • Program -
  • Type Instant Insight
  • Date 20 February 2023
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Abstract

On January 23, 2023, the European Commission initiated a public consultation to reform the European Union’s electricity market (European Commission 2023) on the heels of extremely high wholesale electricity prices in Europe in the last months and days of 2022. Negative spot prices, however, were recorded in a large number of European countries on January 1, 2023, including Spain, France, Switzerland, Germany and the United Kingdom. Despite the large variety in how power systems are organized worldwide, from fully integrated monopolies to liberalized systems, all countries can learn from Europe’s experience. In Saudi Arabia and the Gulf Cooperation Council (GCC) countries, liberalization and markets are being introduced progressively, and it is an opportune time to learn from experiences abroad.

Authors

Frank Felder

Frank Felder

Visiting Researcher- Utilities & Renewables Frank is an engineer, energy policy analyst, and was a visiting researcher at KAPSARC. Prior to joining KAPSARC, Frank was…

Frank is an engineer, energy policy analyst, and was a visiting researcher at KAPSARC. Prior to joining KAPSARC, Frank was a Research Professor at the School of Planning and Public Policy at Rutgers University, Director of the Rutgers Energy Institute, and Director of the Center for Energy, Economics and Environmental Policy. In those roles, he conducted original and applied research in the areas of electric power system modeling, clean energy policies, and climate change for academic foundations, government agencies, and energy utilities. He has also worked as an economic consultant and nuclear engineer.

Marie Petitet

Marie Petitet

Senior Fellow- Utilities & Renewables Marie is a Senior Fellow in the Utilities & Renewables Department. Since she joined KAPSARC in 2021, her research has…

Marie is a Senior Fellow in the Utilities & Renewables Department. Since she joined KAPSARC in 2021, her research has focused on power system modeling (KAPSARC Power Model), market designs for energy transitions, and framework analysis for reliable and resilient power systems.

Prior to joining KAPSARC, Marie worked as a Research Engineer within the Research and Development (R&D) unit of the utility group EDF in Paris, France. During her EDF journey, she worked on long-term and short-term electricity market design, the transmission grid at the European scale, and smart-charging opportunities for electric vehicles. Marie also worked as a researcher within the Market Department of the French Transmission System Operator RTE.

Marie holds a Ph.D. in Economics from Dauphine University, PSL (France), an M.Sc. in Environmental and Energy Economics from Ecole des Ponts ParisTech (France), and a M.Sc. in Engineering from ENSTA Institut Polytechnique de Paris (France).

Expertise

  • Electricity Markets
  • Power System Modeling
  • Electricity Market Design and Regulation
  • Energy Transition
  • Energy and Climate Policy

Publications See all Marie Petitet’s publications

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