Introduction to Market4RES Questionnaire
This questionnaire has been drafted in the context of the European Project ‘Market4RES’, which is aimed at providing recommendations on the developments to take place in short and long term electricity markets driving a successful and efficient integration of large amounts of RES generation in the long term.

Within this project, Work Package 3 focuses on the conceptual assessment of design options for the developments to take place in short and long term markets. Options here selected as most promising should be further investigated in WP5 of our project with the help of quantitative models to determine which deserve being proposed for their implementation.
A Workshop on the first findings of the analysis conducted within WP3 of the project took place in Brussels on the 24th of June. There, the project team presented their preliminary conclusions on preferred, or most promising, design options, together with those that should be disqualified as contenders because they had some serious drawbacks. Arguments for the selection of best, and worst, design options were provided.

This questionnaire represents a logical continuation of our Workshop and is aimed at collecting useful feedback from relevant stakeholders like you on a set of issues related to the design of markets that we believe are specially critical and controversial, or disputable. Topics to discuss have been arranged into a reduced number of blocks related to main aspects of the functioning of markets both in the long and the short term.

We count on your participation to provide us with very valuable information to take into account in our final analysis and conclusions. If you feel like answering only a specific part of the questionnaire because this is more the most related to your field expertise, do not hesitate to do so. We also encourage you to disseminate this within your institutions looking for complementary expertise.

Many thanks on behalf of WP3 team within the Market4RES project.

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Part I: CAPACITY REMUNERATION MECHANISMS

This first block of question is related to the design of a scheme for contracting a sufficient amount of firm capacity in the long term able to guarantee the supply of load. Aspects to discuss include the features of the product to be provided, the procurement mechanism for this product, and the mechanisms for allowing cross-border participation in the scheme implemented.
A) The Product
Q-1.1 (The Product): From your perspective, what CRM product is more effective dealing with market failures?
Please, select one or several options.
Clear selection
Please, briefly justify your choice
Q-1.2 (The Product): What product is less distortive?
Please, select one or several options.
Clear selection
Please, briefly justify your choice
Q-2.1 (The Product) Is it necessary to explicitly ask in the mechanism for particular technical requirements (e.g. flexibility)?
Please, select the answer.
Please, briefly justify your choice.
Q-3.1 (The Product): Should intermittent renewable technologies be at least allowed to participate in capacity mechanisms ?
Please, select the answer.
Please, briefly justify your choice.
Q-4.1 (The Product): Does the definition of a single product allow for an effective participation of all resources (existing capacity, new capacity, demand response, storage, etc.)?
Please, select the answer.
Please, briefly justify your choice.
B) Mechanism to procure the product
Q-5.1 (Mechanism to procure the product): Who should determine the volume requirement associated to the mechanism?
Please, select an answer.
Please briefly justify your choice
Q-6.1 (Mechanism to procure the product): If more than one product is deemed necessary, how can the volume requirements for each product be defined while keeping the mechanisms technology-independent?
Please, write your answer.
Q-7.1 (Mechanism to procure the product): Do the advantages of bilateral purchasing outweigh the transparency and liquidity derived from a centralized auction?
Please, select the answer
Please, briefly justify your choice.
Q-8.1 (Mechanism to procure the product): Is there any impediment for the participation of Demand Response in the EU context ?
Please, select the answer
Please briefly justify your choice
Q-8.2 (Mechanism to procure the product): How can the participation of Demand Response be enhanced?
Please, explain below.
C) Cross-border participation
Q-9.1 (Cross-border participation): Should cross-border capacity be considered in the national mechanisms?
Please, select the answer.
Please, briefly justify your choice
Q-9.2 (Cross border participation): What type of “physical” requirement should be asked for to cross-border agents?
Please, select one or several options
Clear selection
Please, briefly justify your choice
Q-10.1 (Cross-border participation): Another option under study is to allow interconnectors to sell “reliability products”, as in the United Kingdom. Do you think this option is reasonable?
Please, select the answer
If negative, please justify why
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