Legal challenges and opportunities for Norway under a re-designed European electricity market
A core objective of this project is to anticipate the legal consequences of the further introduction of generation adequacy mechanisms, capacity markets as well as new requirements for support schemes for renewable energy generation on the Norwegian power system. In particular, there is a need to identify the legal barriers and opportunities created by those new mechanisms, domestically and inerntionally. At the domestic level, the research will first assess the need for a national generation adequacy mechanism in Norway. Second, the research will investigate the legal basis for introducing new national mechanisms aimed to increase the resilience of the Norwegian energy power market to price fluctuations and changes in investment structure for interconnectors. The main objective is to find the manner to limit the negative consequences on electricity prices when neighbouring countries operate capacity mechanisms. At the cross-border level, the research will identify to which extent Norwegian actors can take part in foreign capacity mechanisms and national support schemes for renewables under a new legislative framework. Finally, a comparative joint research project will be conducted between University of Oslo and Paris Dauphine University on the interaction between the development of decentralised electricity generation and local grids regulation.