Last month, the energy regulators of Jordan (EMRC), Lebanon (LCEC) and Morocco (ANRE) jointly participated in an online workshop to “Analyse Mechanisms to Promote Low Carbon Innovation and Market Design Principles to Support Energy Transition”.
The three regulators explored regulatory mechanisms likely to support and sustain the energy transition in light of the acceleration and coincidence of multiple agents of change, incentivising investments, innovation, and research and development.
The role of tariffs to enable fair recovery of grid maintenance and investment costs, based on usage by different consumer groups, was discussed at length.
In addition, the role of Transmission System Operators to support the energy transition and the creation and operation of grid-scale storage facilities were analysed.
MEDREG stands for the Association of Mediterranean Energy Regulators, which gathers 27 energy regulators from 22 countries, spanning the European Union (EU), the Balkans and the MENA region. It works to facilitate and develop regulatory approaches and practices that are coherent at the regional level for energy market integration in the Mediterranean region.
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