Professor at NTUA, Head of E3MLab (E3MLab.eu). Former Energy Regulator in Greece. High level consultant in energy and economic policy.

Joined December 2009
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These analyses challenge the negative GDP and high-cost dogmas held by sceptics opposed to climate policies, which unfortunately are gaining influence today. In this light, the recent Nobel in Economics sends a message of great political importance. (3/3)
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Our models, such as GEM-E3 with endogenous growth driven by green technology progress, along with similar models by others, provide evidence of the favourable GDP implications of climate-neutral technologies based on innovation-driven productivity gains. (2/3)
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The well-deserved Nobel laureates in Economics, Philippe Aghion and Peter Howitt, have inspired large-scale modelling of the potentially positive impacts of the green energy transition on economic growth. (1/3)
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Pantelis Capros retweeted
Brexit was the biggest act of self-harm a nation has committed. Economic, social and political. And the ridiculousness is everywhere.
british partroopers jumping into normandy in 2024 have to....go through customs (thanks, brexit)
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Pantelis Capros retweeted
Replying to @LionHirth
If you have a system where more and more the cost of electricity production is based on investment but price is based on marginal operating cost - you run into problems.
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Pantelis Capros retweeted
27 Mar 2024
I wonder when we get a debate about a new electricity market design, because this one delivers artificially low prices. ... this market system does not work anymore...
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Wow. For anyone who thought a low carbon elec system would be just like a traditional on but with decarbonised generation, wake up. Same for those who thought we couldnt handle a lot of variability. This just a glimpse of future "integrated & intelligent" power systems...
I never get tired of these graphs. And the lessons staring us in the face for electricity market and economy wide energy policy 👇 Solar & wind to gas and back swings, with batteries handling the hard ramps …
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In reality, no one suggested abolishing the marginal cost principle for the spot market price and the optimal merit order of power generation units. Units with no variable costs, such as renewables and nuclear, are first anyway. (1/3)
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The issue was to avoid such units from getting revenues at the spot price, determined mainly by natural gas, but at the actual long-term cost to avoid excess revenues and stabilize consumer prices. (2/3)
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Without naming it as market splitting, the European Commission proposes two-way contracts of differences for the remuneration of RES and nuclear with clawback obligation instead of spot market revenues. However, the CfDs are mandatory only for state-supported investments. (3/3)
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Pantelis Capros retweeted
UPDATED: Solar outlooks vs reality
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Bye, Russia! Animation shows where Germany has been getting its natural gas from. Source: buff.ly/3kgi245
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Detective work by Perry @PMehrling uncovered these wonderfully scathing comments by Kindleberger on Bernanke's "Nobel-Prize-winning" essay: ineteconomics.org/perspectiv…
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Pantelis Capros retweeted
Record: #Biomethane at 30% September'22🇩🇰 New daily record on 30.9.22 at 21,6 GWh/d!🇩🇰 Biomethane production up 17% over 12 month, and fall in domestic demand on 20%.
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Pantelis Capros retweeted
I believe biomethane will play a crucial role in diversifying our gas supplies & we can’t allow this potential to go to waste. The new Biomethane Industrial Partnership is open to all stakeholders to overcome barriers for growth, share best practices and foster collaboration!
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Pantelis Capros retweeted
Good news from #Brussels The leaked @EU_Commission non-paper on Emergency Electricity Mkt Interventions addresses the root sources of the 10-fold electricity price increase: ➡️Excessive profits of inframarginal technologies (nuclear, hydro, renewables) ➡️Gas scarcity 🧵 Thread
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Pantelis Capros retweeted
Hydrogen is an important part of the solution for hard-to-decarbonise sectors. #REPowerEU plans to roll out this technology faster. This week we launched a public consultation to complete our proposal for a regulatory framework for renewable hydrogen. #EUHaveYourSay by 17 June
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