Electricity Market Design in Croatia within the European Electricity Market—Recommendations for Further Development

Market design for a high-renewables European electricity system

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 ...

Integrating Intermittent Renewable Wind Generation – A Stochastic Multi-Market Electricity Model for the European Electricity Market

Electricity market design for the prosumer era

1 Advances in electricity generation and storage technologies coupled with declines in cost, the planned roll-out of smart metering and favourable regulation have all led to a rapid increase in the number of consumers in Europe and the USA producing or storing electricity at home — through solar panels1, electric vehicles2, batteries3 or other means. In the UK, for instance, by the end of Decem...

Experimental economics for electricity market design

This study reports of a series of experiments of the proposed Swedish-Norwegian green certificates market. The experiments were carried out at NTNUs Experimental Economics Energy Market Laboratory (EEEMiL) using graduate students from engineering and economics as subjects. The main purpose of the experiments was to test how a) floating versus fixed price caps and b) banking of TGCs influenced t...

ADMIRE-REBUS: Modelling the European market for renewable electricity

ADMIRE REBUS is a dynamic simulation of the international market for green electricity. It pays explicit attention to trade barriers, discriminative support policies, risks and other imperfections that are inherent to a market in transition. The model matches national supply curves (based on costs and potentials) with policy-based demand curves in a way that takes into account the discriminativ...