Specifically, markets for the provision of certain products may need to develop, while existing ones should evolve to for example take into account large wind farms connected to the system and the observability of small photovoltaic units. In this regard, both the need for market based capacity remuneration mechanisms and their design if implemented will be analyzed to enable that, in this new scenario, the regulator can ensure that there is enough firm capacity to cover load existing in the power system in the medium and long term. Balancing services, whose provision may be compulsory or organized in markets (depending on each country regulation), also need to evolve to come up with an appropriate design of the balancing product and the pricing rules applied to it, as well as the imbalance pricing rules. Besides, balancing arrangements need to take into account that uncertainty (traditionally associated with demand) can also come from the generation side, in the case of renewables. In parallel with all this, the access of new active energy resources, namely RES generation and demand response, to these markets must be facilitated.
Mechanisms for the support of renewable generation may need to remain in place to favor the development of new technologies, and also achieve their deployment if we do not manage to make system wide decarbonization mechanisms like the ETS work properly. However, achieving an efficient support may probably call for organizing these support schemes as markets that, while fulfilling their purpose, interfere as least as possible with others.
Finally, the regulation of the distribution network and the distribution activity will be discussed, as in many cases these networks are the final location for distributed energy resources, being the Distribution System Operators responsible for connecting them to the system, and for dealing with the issues that arise during the operation of their systems.
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