Market Design for Long-Distance Trade in Renewable Electricity

RENEWABLE ENERGY BURDEN SHARING REBUS Effects of burden sharing and certificate trade on the renewable electricity market in Europe

Creation of an internal market for renewable electricity will involve a political negotiation process, similar to previous EU greenhouse gas negotiations. The Energy Ministers in the EU have agreed on an overall target of 22% of electricity supply from Renewable Energy Sources (RESE) and a distribution of targets over the individual Member States. The REBUS project provides insights in the effe...

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

Market Design, Bidding Rules, and Long Memory in Electricity Prices

In uniform price, sealed-bid, day-ahead electricity auctions, the market price is set at the intersection between aggregate demand and supply functions constructed by a market operator. Each day, just one agent the marginal generator owns the market-clearing plant. Moreover, day-ahead auctions are embedded in multi-segment systems, wherein diverse protocols coexist and change over time. This co...

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...

Should We Trade Biomass, Electricity, Renewable Certificates, or Co2 Credits?

This paper describes different trading options that exist to reconcile the geographical disparities between supply and demand for bioenergy and bioenergy services, depending upon the specific situation of the “exporting” and “importing” country. Trade in biomass fuels, electricity, renewable certificates, and CO2 credits are introduced and presented as options for business and policy makers as ...