Denizon-WLogo
  • Home
  • About
  • Products
    • Workforce Management
    • Ecovaro Energy Management
    • Inspection Checklist Software
  • Services
    • Managed Data Transformation
    • Database and Application Management
    • Data Analytics
    • Cloud Security
    • Hybrid Cloud Migration
    • Cloud
  • Blog
  • Contact
Menu
  • Home
  • About
  • Products
    • Workforce Management
    • Ecovaro Energy Management
    • Inspection Checklist Software
  • Services
    • Managed Data Transformation
    • Database and Application Management
    • Data Analytics
    • Cloud Security
    • Hybrid Cloud Migration
    • Cloud
  • Blog
  • Contact

Energy Cooperation Mechanisms in the EU

While the original mission of the European Union was to bring countries together to prevent future wars, this has spun out into a variety of other cooperative mechanisms its founders may never have dreamed of. Take energy for example, where the European Energy Directive puts energy cooperation mechanisms in place to help member states achieve the collective goal.

This inter-connectivity is essential because countries have different opportunities. For example, some may easily meet their renewable targets with an abundance of suitable rivers, while others may have a more regular supply of sunshine. To capitalise on these opportunities the EU created an internal energy market to make it easier for countries to work together and achieve their goals in cost-effective ways. The three major mechanisms are

  • Joint Projects
  • Statistical Transfers
  • Joint Support Schemes

Joint Projects

The simplest form is where two member states co-fund a power generation, heating or cooling scheme and share the benefits. This could be anything from a hydro project on their common border to co-developing bio-fuel technology. They do not necessarily share the benefits, but they do share the renewable energy credits that flow from it.

An EU country may also enter into a joint project with a non-EU nation, and claim a portion of the credit, provided the project generates electricity and this physically flows into the union.

Statistical Transfers

A statistical transfer occurs when one member state has an abundance of renewable energy opportunities such that it can readily meet its targets, and has surplus credits it wishes to exchange for cash. It ?sells? these through the EU accounting system to a country willing to pay for the assistance.

This aspect of the cooperative mechanism provides an incentive for member states to exceed their targets. It also controls costs, because the receiver has the opportunity to avoid more expensive capital outlays.

Joint Support Schemes

In the case of joint support schemes, two or more member countries combine efforts to encourage renewable energy / heating / cooling systems in their respective territories. This concept is not yet fully explored. It might for example include common feed-in tariffs / premiums or common certificate trading and quota systems.

Conclusion

A common thread runs through these three cooperative mechanisms and there are close interlinks. The question in ecoVaro?s mind is the extent to which the system will evolve from statistical support systems, towards full open engagement.

Contact us
  • Twitter
Denizon 4 weeks ago

Read More
Denizon 4 weeks ago

RT @H2020EE: 5⃣ years ago, the #ParisAgreement with the aim to limit #globalwarming was drafted!🌍💚 Check out all⚡️#H2020EE #Energyefficienc…

Read More
Denizon 4 weeks ago

RT @H2020EE: Making societies and economies more energy-efficient is key for #EUEnergyTransition!🌿💚 10 #H2020EE projects have set a new dyn…

Read More
Denizon 1 month ago

RT @SordData: How our food choices can help reverse climate change https://t.co/mUOBWdPtte

Read More
Denizon 1 month ago

RT @EnergySvgTrust: It’s Big Energy Saving Winter! This year the ‘Check. Switch. Save’ campaign will help you save money on your energy b…

Read More
  • Quick links

About

Contact

Fieldelite Portal

Policy Documents

Customer Portal

  • Recent posts

Importance of Field Service Management Software for Mobile Working

October 20, 2020
Read More »

Benefits of Integrating IoT and Field Service

September 3, 2020

Owing to the complexity of its definition, many people loosely

Read More »

© 2021 Denizon

Facebook
Twitter
Linkedin