6 documents found, page 1 of 1
Decarbonization of electricity systems in Europe: market design challenges
Strbac, Goran; Papadaskalopoulos, Dimitrios; Chrysanthopoulos, Nikolaos; Estanqueiro, Ana; Algarvio, Hugo; Lopes, Fernando; Vries, Laurens deABSTRACT: Driven by climate change concerns, Europe has taken significant initiatives toward the decarbonization of its energy system. The European Commission (EC) has set targets for 2030 to achieve at least 40% reduction in greenhouse gas emissions with respect to the 1990 baseline level and cover at least 32% of the total energy consumption in the European Union (EU) through renewable energy sources, predomi...
Spatial flexibility options in electricity market simulation tools: Deliverable...
Couto, António; Silva, Cátia; Algarvio, Hugo; Faria, Pedro; Pinto, Tiago; Schimeczek, Christoph; José, Débora Regina S.; Morales-España, GermánABSTRACT: Deliverable D4.3 addresses the spatial flexibility options that are being considered by TradeRES models. D4.3 presents a report describing the spatial flexibility-related modelling components that are already implemented and those that are being designed for integration in TradeRES agent-based models. This report includes the main definitions, concepts and terminology related to spatial flexibility, a...
Decarbonization of electricity systems in Europe: market design challenges
Strbac, Goran; Papadaskalopoulos, Dimitrios; Chrysanthopoulos, Nikolaos; Estanqueiro, Ana; Algarvio, Hugo; Lopes, Fernando; Vries, Laurens deABSTRACT: Driven by climate change concerns, Europe has taken significant initiatives toward the decarbonization of its energy system. The European Commission (EC) has set targets for 2030 to achieve at least 40% reduction in greenhouse gas emissions with respect to the 1990 baseline level and cover at least 32% of the total energy consumption in the European Union (EU) through renewable energy sources, predomi...
Market design for a reliable ~100% renewable electricity system: Deliverable D3.5
Morales-España, Germán; Algarvio, Hugo; Vries, Laurens de; Faia, Ricardo; Hernandez-Serna, Ricardo; Johanndeiter, Silke; Couto, AntónioABSTRACT: 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 deliver...
Performance indicators: quantification of market performance: Deliverable D5.1
Couto, António; Schimeczek, Christoph; Morales-España, Germán; Strbac, Goran; Algarvio, Hugo; Sanchez, Ingrid; Kochems, Johannes; Nienhaus, KristinaABSTRACT: The present deliverable was developed as part of the research activities of the TradeRES project Task 5.1 – Performance indicators: quantification of market performance. This report presents the first version of the deliverable 5.1, which provides a list of the (key) market performance indicators (MPIs) that will be used to assess the impact of elec tricity market designs developed and tested in the T...
Characterization of new flexible players: Deliverable D3.2
Chrysanthopoulos, Nikolaos; Papadaskalopoulos, Dimitrios; Strbac, Goran; Schimeczek, Christoph; Kochems, Johannes; Vries, Laurens de; Sanchez, IngridABSTRACT: The subject matter of this report is the analysis of the electricity markets’ actors’ scene, through the identification of actor classes and the characterisation of actors from a behavioural and an operational perspective. The technoeconomic characterization of market participants aims to support the upcoming model enhancements by aligning the agent-based model improvements with the modern market desi...