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Market design for a reliable ~100% renewable electricity system: Deliverable D3.5

2021-02Report Open access
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dc.contributor.authorMorales-España, Germán
dc.contributor.authorAlgarvio, Hugo
dc.contributor.authorVries, Laurens de
dc.contributor.authorFaia, Ricardo
dc.contributor.authorHernandez-Serna, Ricardo
dc.contributor.authorJohanndeiter, Silke
dc.contributor.authorCouto, António
dc.contributor.authorJosé, Débora Regina S.
dc.contributor.authorPapadaskalopoulos, Dimitrios
dc.contributor.authorLopes, Fernando
dc.contributor.authorStrbac, Goran
dc.contributor.authorSanchez, Ingrid
dc.contributor.authorKochems, Johannes
dc.contributor.authorHelistö, Niina
dc.contributor.authorChrysanthopoulos, Nikolaos
dc.contributor.authorEstanqueiro, Ana
dc.date.accessioned2022-01-24T11:36:43Z
dc.date.available2022-01-24T11:36:43Z
dc.date.issued2021-02
dc.descriptionProject TradeRES - New Markets Design & Models for 100% Renewable Power Systems: https://traderes.eu/about/pt_PT
dc.description.abstractABSTRACT: 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.pt_PT
dc.description.versionN/Apt_PT
dc.identifier.citationMorales-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.pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.9/3717
dc.language.isoengpt_PT
dc.relationTools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectElectricity marketspt_PT
dc.subjectEnergy marketspt_PT
dc.subjectRenewable energy sourcespt_PT
dc.subjectEuropept_PT
dc.titleMarket design for a reliable ~100% renewable electricity system: Deliverable D3.5pt_PT
dc.typereport
dspace.entity.typePublication
oaire.awardTitleTools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
oaire.awardURIinfo:eu-repo/grantAgreement/EC/H2020/864276/EU
oaire.citation.titleMarket design for a reliable ~100% renewable electricity system: Deliverable D3.5pt_PT
oaire.fundingStreamH2020
person.familyNameCouto
person.familyNameLopes
person.familyNameHelistö
person.familyNameEstanqueiro
person.givenNameAntónio
person.givenNameFernando
person.givenNameNiina
person.givenNameAna
person.identifier.ciencia-idB01D-304F-6CD3
person.identifier.ciencia-id2619-80A1-A8AC
person.identifier.ciencia-id7F11-A24D-EE81
person.identifier.orcid0000-0002-4129-838X
person.identifier.orcid0000-0002-7368-8817
person.identifier.orcid0000-0002-2967-627X
person.identifier.orcid0000-0001-9818-4669
person.identifier.orcid0000-0002-0476-2526
person.identifier.ridJ-9752-2012
person.identifier.scopus-author-id57195325709
person.identifier.scopus-author-id19336967700
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.nameEuropean Commission
rcaap.rightsopenAccesspt_PT
rcaap.typereportpt_PT
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