prof. univ. dr. Ionuţ PURICA
Abstract. The EU is striving for an Energy Union where security is paramount. To determine the needed capacity and, consequently, the costs of security a method is proposed based on the volatilities of various energy system parameters such as hydraulicity, wind speed, rain regime, etc. These are determined based on real data for the case of Romania and the calculations are done to determine the needed capacity to face in a resilient way a potential critical situation in order to absorb e.g. market price spikes. Conclusions are drawn for the EU security strategy.
Keywords: security, volatility, resilience
In the present status of the energy systems in the EU and given the large import of energy materials, mostly natural gas, security of supply is paramount for the highly industrialized economies of the member countries. The specific cost of security needs to be internalized in the public expenses and be separated from the state aid to various energy sectors. In the case of Romania there is a diversified portfolio of generation that makes the power system a good example for an evaluation of the cost of security based on the intrinsec volatilities of various energy technologies e.g. water, wind, solar. Once the size of the excess power is determined to ensure security of operation a financial scheme simulation is used to determine the price of energy for standard financial and physical parameters. The result shows that there is a cost of security that has to be taken by the state and the swap type of energy acquisition scheme may be a long term solution.
Presently president of the Romanian Association for Energy and Economy and Executive Director of the Advisory Center for Energy and Environment, dr. Purica was also a counselor of the Minister of Economy and previously the Minister of the Environment and an expert for the Parliament of Romania He participated in the elaboration of the EU accession strategy for Romania and the energy (electricity and heat) strategy (for the Ministry of Economy and Trade) and did risk analysis and transaction structuring and project management with the World Bank, USEA, JBIC, MARSH, ITOCHU, MVV, etc. Previously he worked as a project officer for energy and infrastructure in the World Bank, in Romania and the Balkans (e.g. energy Assessment in Kosovo 1999), being trained in environmental management, project guarantees, value at risk, procurement to complete his expertise in engineering acquired as director for international projects of the Romanian Power Company RENEL and senior engineer managing a joint Atomic Energy of Canada Ltd-IMG-Bucharest quality engineering group for the manufacture of nuclear reactor components for the CANDU units in Romania. He worked also as an international researcher for ENEA Rome – the Italian Commission for Energy New Technology and Environment – and as an associate researcher at ICTP Trieste.
Prof. Purica has authored books in his field of expertise published by Imperial College Press, Academic Press, etc. and published articles in journals like Risk Analysis, IEEE Power Engineering Review, Foundations of Control Engineering, etc. He took his second PhD in economics, (the first one in Nuclear Energy Engineering) and, he is a corresponding member of the Academy of Romanian Scientists (AOSR) and also a Professor teaching a course in Risk management to masters of sciences in the Hyperion University. He is a member of the WEC study group for energy scenarios 2050 and 2060 and a member of the Advisory Group for Energy of the EU Commission. He has been also President (State Secretary) of the Romanian Agency for Nuclear Energy and Radioactive Waste – ANDR in 2016).