3FOOD

Third Industrial Revolution Consulting Group
Action
3. Identification and promotion of
new business models for
energy services
4. Adaptation of market designs
5. First experimental distribution
grid cluster(s)
6. Promotion and development of
new technologies
7. Develop incentives/regulatory
and economic frame for the
operation of electricity storage
8. Optimization of CO 2 trading
mechanism
9. Adaptation of grid (data and
electricity heat/cooling)
10. Heat recuperation in
industrial, commercial, and
residential buildings
Why Action Is Needed to Support TIR
Prepare legal frame to enable market development.
Requires access to data. Requires consumer engagement.
Establish cost-optimal, flexible capacity markets. Design
tariffs to reflect nature/cost of capacity. Create demandside
incentives.
Establish demonstration projects. Feature smart meters,
grid, industry, and homes. Create systems to interconnect
prosumers. Requires legal framework and financial
support. Requires governance, clear goals, and
accountability.
Enable storage flexibility through use of gas grid.
Implement large- and small-scale projects. Requires more
flexible/adapted legal frameworks.
Covers both central and distributed systems. Enable
balancing of flexibility needs. Requires open
market/appropriate pricing signals.
Adapt existing scheme or tax CO 2 emissions. Price fossil
fuels, reduce renewable subsidies. Requires international
consensus.
Invest to support high penetration of renewables. Address
integration challenges. Develop
communication/management systems. Adapt legal
framework. Requires new market design.
Increase recuperation efficiency (>90%). Enable energy
efficiency in buildings. Support grid balancing activities.
Requires new market design.
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