Semantic Scholar Open Access 2018 290 sitasi

Market design for a high-renewables European electricity system

D. Newbery M. Pollitt Robert A. Ritz W. Strielkowski

Lihat Sumber DOI

Abstrak

This paper presents a set of policy recommendations for the market design of a future European electricity system characterized by a dominant share of intermittent renewable energy supply (RES), in line with the stated targets of European governments. We discuss the market failures that need to be addressed to accommodate RES in liberalized electricity markets, review the evolution of the EU's RES policy mechanisms, and summarize the key market impacts of RES to date. We then set out economic principles for market design and use these to develop our policy recommendations. Our analysis covers the value of interconnection and market integration, electricity storage, the design of RES support mechanisms, distributed generation and network tariffs, the pricing of electricity and flexibility as well as long-term contracting and risk management.

Topik & Kata Kunci

Business

Penulis (4)

D. Newbery

M. Pollitt

Robert A. Ritz

W. Strielkowski

Format Sitasi

APA MLA BibTeX

Newbery, D., Pollitt, M., Ritz, R.A., Strielkowski, W. (2018). Market design for a high-renewables European electricity system. https://doi.org/10.1016/J.RSER.2018.04.025

Akses Cepat

Lihat di Sumber doi.org/10.1016/J.RSER.2018.04.025

Informasi Jurnal

Tahun Terbit: 2018
Bahasa: en
Total Sitasi: 290×
Sumber Database: Semantic Scholar
DOI: 10.1016/J.RSER.2018.04.025
Akses: Open Access ✓