Beijing (China), 3rd April, 2019
The important dialogue initiative started in 2016 to promote mutual exchange of experiences and best practices in energy transition between EU and China, led by Enel Foundation and China Huaneng Group Technical Economics Research Institute (HTERI), has reached its conclusive step.
On April 3rd, a workshop held in the Chinese capital served as the occasion to share the latest report and discuss the findings of the joint research group who presented to an important group leaders of the energy industry in China and representatives of European Union, alongside business representatives of Huaneng Group and Enel Group.
Among the Chinese institutions, leading regulatory bodies such as the National Energy Administration and the National Development and Reform Commission joined the event alongside other important authorities such as the National Center for Climate Change Strategy and International Cooperation. Local Universities and research centers, including the Energy Research Institute of State Grid Company or the North China Electric Power University also marked presence at the event and contributed with their comments.
Mr. Zhao Yong, President of HTERI, and Mr. Giuseppe Montesano, Deputy Director of the Enel Foundation along with Mr. Andrea Villa, Head of European Regulation for Enel and Fellow of Enel Foundation, were in charge of the main presentations on Power Market Design in EU and China.
Key takeaways from the discussion, which highlighted the similarities and differences of the EU and China, focused on how interconnections are crucial both in the EU (between Member States) and in China (between provinces) to improve market efficiency and integration of renewables by better coping with their intrinsic variability.
Giuseppe Montesano, Deputy Director of Enel Foundation, commented, “the importance of having the right market mechanisms came out loud and clear in today’s Workshop, in order to fully benefit from the opportunities of competitive costs of renewables and electrification.”
Chinese authorities and universities in attendance praised the depth of the research and wished further cooperation, possibly in the framework of the Belt and Road initiative while representatives of the Italian Embassy and of the EU Delegation in Beijing welcomed the study as inspirational for further cooperation between China and Italy and China and the EU.
Ahead of the upcoming 21st EU-China summit, co-hosted by European Council President Donald Tusk and European Commission President Jean-Claude Juncker, to be attended by the High Representative Federica Mogherini as well, the present research is a concrete evidence of ongoing initiatives in the energy field to better connect Europe and Asia.
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