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New electricity markets: The challenges of variable renewable energy

2021Book part Embargoed access
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dc.contributor.authorEstanqueiro, Ana
dc.contributor.authorCouto, António
dc.date.accessioned2022-01-05T15:18:53Z
dc.date.embargo2026
dc.date.issued2021
dc.description.abstractABSTRACT: The development and large-scale dissemination of the new and variable renewable technologies took place from 1990 onwards in most developed countries, in a process led by Europe. To promote the renewable sector development financial incentives, both for investment and for the payment of renewable energy, were always present. These incentives usually consisted of guaranteed feed-in tariffs that ensured a return of the investments made in this new business—thus minimizing the financial risks and building a more attractive business for private companies in the renewables sector. That approach was the main basis that essentially supported the remarkable growth of the renewable sector in Europe in the past 30 years. Nowadays, the renewable energy sector is already mature in most aspects. The cost of generating electricity from wind or solar (photovoltaic) resources is competitive with conventional gas or coal-based technologies. However, some challenges still exist in the transition of the electrical power sector to a desirable carbon-free, near 100% renewable-based sector—and one of those main challenges is the negotiation of the electricity generated by these novel technologies, due to the time and spatial variability of the primary resources as well as their poor predictability and dispatchability of the power generated. This chapter addresses those challenges as well as the approaches available to overcome them within competitive electricity markets.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationEstanqueiro, Ana... [et.al.] - New electricity markets: The challenges of variable renewable energy. In: Local Electricity Markets. Tiago Pinto, Zita Vale and Steve Widergren (Eds). Amsterdam : Academic Press, Chapter 01, 2021, p. 3-20pt_PT
dc.identifier.doi10.1016/B978-0-12-820074-2.00016-2pt_PT
dc.identifier.isbn978-0-12-820074-2
dc.identifier.urihttp://hdl.handle.net/10400.9/3668
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherAcademic Presspt_PT
dc.relationTools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
dc.relation.publisherversionhttps://doi.org/10.1016/B978-0-12-820074-2.00016-2pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectRenewable energiespt_PT
dc.subjectElectricity marketspt_PT
dc.subjectPower generationpt_PT
dc.subjectVariable renewables powerpt_PT
dc.titleNew electricity markets: The challenges of variable renewable energypt_PT
dc.typebook part
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.endPage20pt_PT
oaire.citation.startPage3pt_PT
oaire.citation.titleLocal Electricity Marketspt_PT
oaire.fundingStreamH2020
person.familyNameEstanqueiro
person.familyNameCouto
person.givenNameAna
person.givenNameAntónio
person.identifier.ciencia-id7F11-A24D-EE81
person.identifier.ciencia-id2619-80A1-A8AC
person.identifier.orcid0000-0002-0476-2526
person.identifier.orcid0000-0002-7368-8817
person.identifier.ridJ-9752-2012
person.identifier.scopus-author-id19336967700
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.nameEuropean Commission
rcaap.rightsembargoedAccesspt_PT
rcaap.typebookPartpt_PT
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