Скачать или смотреть Electricity Market Design Explained | How to Build Secure, Affordable and Future-Ready Power Markets

Zema Academy Presents: Electricity Market Design Explained | How to Build Secure, Affordable and Future-Ready Power Markets

This explainer video breaks down the key insights from the International Energy Agency’s publication Electricity Market Design: Building on strengths, addressing gaps. The report provides a cross-regional assessment of how electricity markets are functioning today and what must change to maintain secure, affordable and sustainable electricity systems.

In this video you will learn:

• Why electricity market design matters more than ever
Electricity systems are undergoing rapid change due to rising renewable energy, electrification of transport and heating, digitalisation, decentralisation and new flexibility needs. These trends are increasing operational complexity and investment uncertainty.

• How short-term markets keep the system balanced and reliable
Short-term markets have been highly reliable, delivering over 99.9 percent security of supply in major regions over the past five years, while processing more than 400 000 bids per hour in the European day-ahead market.

• Why long-term markets are struggling
Forward and futures markets lack liquidity and depth across nearly all regions, making it difficult for investors and consumers to manage risk in an increasingly capital-intensive system. Most trading is concentrated within the first two years, leaving long-term investment exposed to price volatility.

• The growing role of complementary mechanisms
Governments now rely heavily on capacity mechanisms and decarbonisation support schemes to meet resource adequacy and clean-energy goals. In some markets, more than 98 percent of new capacity additions depend on government support.

• What reforms are needed
The report highlights the need for:
– Finer time granularity in short-term markets
– Better access for distributed energy resources
– More liquid and accessible long-term markets
– Co-ordination between market signals and policy mechanisms
– Predictable, well-signalled reform processes

This video summarises the IEA’s recommendations to ensure market designs evolve coherently to support reliability, affordability and the energy transition—without undermining investor confidence.

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