Market design for a reliable ~100% renewable electricity system: Deliverable D3.5
| Autor(a) principal: | |
|---|---|
| Data de Publicação: | 2021 |
| Outros Autores: | , , , , , , , , , , , , , , |
| Tipo de documento: | Relatório |
| Idioma: | eng |
| Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
| Texto Completo: | http://hdl.handle.net/10400.9/3717 |
Resumo: | Project TradeRES - New Markets Design & Models for 100% Renewable Power Systems: https://traderes.eu/about/ |
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Market design for a reliable ~100% renewable electricity system: Deliverable D3.5Electricity marketsEnergy marketsRenewable energy sourcesEuropeProject TradeRES - New Markets Design & Models for 100% Renewable Power Systems: https://traderes.eu/about/ABSTRACT: The goal of this report is to identify in which respects the design and regulation of electricity markets needs to be improved in order facilitate a (nearly) completely decarbonized electricity system. It provides a basis for scoping the modeling analyses that are to be performed in subsequent work packages in the TradeRES project. These simulations will provide the basis for an update of this deliverable in the form of a more precise description of an all-renewable electricity market design. In this first iteration1 of deliverable 3.5, we analyze how the current design of electricity markets may fall short of future needs. Where there is a lack of certainty about the best market design choices, we identify alternative choices. Alternatives may concern a choice between policy intervention and no intervention or different intervention options. Section 2 outlines current European electricity market design and the key pieces of European legislation that underlie it. The European target model is zonal pricing with bidding zones that are defined as geographic areas within the internal market without structural congestion. That implies that within one bidding zone electricity can be traded without considering grid constraints and there are uniform wholesale prices in each zone. The main European markets are Nordpool, EPEX and MIBEL. Trading between zones in the European Price Coupling Region occurs through an implicit auction where price and quantity are computed for every hour of the next day, using EUPHEMIA, a hybrid algorithm for flowbased market coupling that is considered the best practice in Europe at this time.Repositório do LNEGMorales-España, GermánAlgarvio, HugoVries, Laurens deFaia, RicardoHernandez-Serna, RicardoJohanndeiter, SilkeCouto, AntónioJosé, Débora Regina S.Papadaskalopoulos, DimitriosLopes, FernandoStrbac, GoranSanchez, IngridKochems, JohannesHelistö, NiinaChrysanthopoulos, NikolaosEstanqueiro, Ana2022-01-24T11:36:43Z2021-02-01T00:00:00Z2021-02-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/reportapplication/pdfhttp://hdl.handle.net/10400.9/3717engMorales-España, Gérman... [et.al.] - Market design for a reliable ~100% renewable electricity system: Deliverable D3.5. Project report of WP3 - Market Design and Regulation for ~100% Renewable Power Systems, Deliverable nº D3.5., Delft University of Technology, 2021, 62 pp.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2022-09-06T12:29:28Zoai:repositorio.lneg.pt:10400.9/3717Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T15:36:55.941889Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
| dc.title.none.fl_str_mv |
Market design for a reliable ~100% renewable electricity system: Deliverable D3.5 |
| title |
Market design for a reliable ~100% renewable electricity system: Deliverable D3.5 |
| spellingShingle |
Market design for a reliable ~100% renewable electricity system: Deliverable D3.5 Morales-España, Germán Electricity markets Energy markets Renewable energy sources Europe |
| title_short |
Market design for a reliable ~100% renewable electricity system: Deliverable D3.5 |
| title_full |
Market design for a reliable ~100% renewable electricity system: Deliverable D3.5 |
| title_fullStr |
Market design for a reliable ~100% renewable electricity system: Deliverable D3.5 |
| title_full_unstemmed |
Market design for a reliable ~100% renewable electricity system: Deliverable D3.5 |
| title_sort |
Market design for a reliable ~100% renewable electricity system: Deliverable D3.5 |
| author |
Morales-España, Germán |
| author_facet |
Morales-España, Germán Algarvio, Hugo Vries, Laurens de Faia, Ricardo Hernandez-Serna, Ricardo Johanndeiter, Silke Couto, António José, Débora Regina S. Papadaskalopoulos, Dimitrios Lopes, Fernando Strbac, Goran Sanchez, Ingrid Kochems, Johannes Helistö, Niina Chrysanthopoulos, Nikolaos Estanqueiro, Ana |
| author_role |
author |
| author2 |
Algarvio, Hugo Vries, Laurens de Faia, Ricardo Hernandez-Serna, Ricardo Johanndeiter, Silke Couto, António José, Débora Regina S. Papadaskalopoulos, Dimitrios Lopes, Fernando Strbac, Goran Sanchez, Ingrid Kochems, Johannes Helistö, Niina Chrysanthopoulos, Nikolaos Estanqueiro, Ana |
| author2_role |
author author author author author author author author author author author author author author author |
| dc.contributor.none.fl_str_mv |
Repositório do LNEG |
| dc.contributor.author.fl_str_mv |
Morales-España, Germán Algarvio, Hugo Vries, Laurens de Faia, Ricardo Hernandez-Serna, Ricardo Johanndeiter, Silke Couto, António José, Débora Regina S. Papadaskalopoulos, Dimitrios Lopes, Fernando Strbac, Goran Sanchez, Ingrid Kochems, Johannes Helistö, Niina Chrysanthopoulos, Nikolaos Estanqueiro, Ana |
| dc.subject.por.fl_str_mv |
Electricity markets Energy markets Renewable energy sources Europe |
| topic |
Electricity markets Energy markets Renewable energy sources Europe |
| description |
Project TradeRES - New Markets Design & Models for 100% Renewable Power Systems: https://traderes.eu/about/ |
| publishDate |
2021 |
| dc.date.none.fl_str_mv |
2021-02-01T00:00:00Z 2021-02-01T00:00:00Z 2022-01-24T11:36:43Z |
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info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/report |
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report |
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publishedVersion |
| dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.9/3717 |
| url |
http://hdl.handle.net/10400.9/3717 |
| dc.language.iso.fl_str_mv |
eng |
| language |
eng |
| dc.relation.none.fl_str_mv |
Morales-España, Gérman... [et.al.] - Market design for a reliable ~100% renewable electricity system: Deliverable D3.5. Project report of WP3 - Market Design and Regulation for ~100% Renewable Power Systems, Deliverable nº D3.5., Delft University of Technology, 2021, 62 pp. |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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