University of Bayreuth, Presse release No. 151/2022 - 19 September 2022
Electricity market expert from the University of Bayreuth to advise European transmission system operators
The European electricity market is one of the largest in the world in terms of its size and the volumes of electricity traded. It is divided into bidding zones in which consumers pay an identical price for electricity. This partition and the security of supply is regularly assessed by the European Network of Transmission System Operators for Electricity (ENTSO-E), which is advised by a panel of international experts on adjustments required by energy policy. Recently, Dr. Martin Weibelzahl from the University of Bayreuth was appointed as a member.
Dr. Martin Weibelzahl is a post-doctoral researcher at the Faculty of Law, Business and Economics of the University of Bayreuth. In recent years, he has conducted numerous studies on the question of how the power supply in Germany and Europe can be made more sustainable and how the security of supply can be strengthened both for companies and private households. A key aspect is to make electricity systems more flexible in terms of generation, transport, storage, and demand. At the Fraunhofer FIT, Weibelzahl heads, for example, the Kopernikus Project SynErgie, which is funded by the German Federal Ministry of Education and Research and also aims to make energy supply and demand more sustainable and flexible.
In the future, the Bayreuth economist will contribute his many years of research experience and expertise in the field of energy management and electricity market design to the advisory body of ENTSO-E, the “Bidding Zone Review Consultative Group”. It has a total of 17 members working at various research institutions and universities in Europe.
"In the coming years, it will be a particular challenge to ensure security of supply in Europe while significantly increasing the share of renewable energy, which is subject to large daily and seasonal fluctuations. Important aspects are the increase of efficiency and flexibility as well as the strengthening of European electricity trading between market participants from different bidding zones. In particular, the spatial expansion of these bidding zones must be reviewed in the light of costs, security of supply, and sustainability. In this context, it is crucial to take into account the decentralized nature of a future European electricity system with many millions of consumers and suppliers. This is the only way to ensure that prosperity and competitiveness in a decarbonized Europe are strengthened and not jeopardized," explains Weibelzahl, adding, "The Russian war of aggression against Ukraine and its consequences have made it clear that we cannot view the electricity markets in Europe in isolation. In any recommendations we develop for ENTSO-E, we will also look at macroeconomic trends and address challenges facing European consumers."