For regional initiatives the context has changes - while in our discussions in 2016 it was clear, that each initiative was pursuing convergence towards pre-existing structures of the participating countries, this had been criticized for the risks it creates for lock-in with regional market models that are not compatible for other parts of Europe, resulting in fragmentation rather than integration. The proposal of EU Commission for marginal imbalance pricing with bids close to real time, provides guidance on one of the key questions that was still unresolved in the debates a year (see for example FPM summary from The Hague). Is there now a prospect that regional initiatives will strive to develop a blue-print that is suitable for all of Europe? How is this supposed to happen?
For national power market design, the Winter Package has too often only been assessed for its impacts on bidding zone design. All the more important to consider is the implications of marginal pricing and real-time bids to balancing markets in the context of the existing market designs of different EU member states. We want to explore how it could address existing challenges and what other implications it would have for power market design at the example of selected countries. Is the winter package fully coherent with the EB GLs and the other set of codes?