Europe’s urgent need for flexible balancing power

Without energy market reform to boost flexible balancing capacity, Europe could miss out on achieving its ambitious renewable energy goals.

That was the bottom line of a report from Wärtsilä that focuses on managing system imbalances of a renewable-based energy system.

To discuss the report’s findings in more detail and to unpack measures needed to attract investments into flexible power, Pamela Largue spoke to Anja Frada, chief operating officer, Wärtsilä Energy.

Frada delves into the importance of creating a technology agnostic capability market and improving price transparency.

She also talks about why we can be hopeful about the next decade, what challenges need to be addressed and how we go about mitigating risks to our energy system of the future.

Resources: Energy Market Redesign: For a Decarbonised Europe