European power trading innovation: Regulatory change transforms the landscape
The rise of intermittent generation is not the only agent of change in electricity markets. Rule changes can also have a significant impact
“When the single system price arrived, we were in the right place at the right time.” So says Phil Hewitt, director of software firm EnAppSys, of a game-changer in European power markets. Interestingly, though, this shift in dynamics was not driven by the explosion in wind and solar generation, albeit that was a contributory factor and continues to assist growth in liquidity and participation. Instead, it was a tweak to the market structure that helped turn a previously sleepy backwater of the traded market into the hottest venue in town. Phil Hewitt, director of EnAppSys How has increased renewables penetration changed the Great Britai
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
