scholarly journals Variable Renewable Energy and Market Design: New Products and a Real-World Study

Energies ◽  
2019 ◽  
Vol 12 (23) ◽  
pp. 4576 ◽  
Author(s):  
Hugo Algarvio ◽  
Fernando Lopes ◽  
António Couto ◽  
Ana Estanqueiro ◽  
João Santana
Keyword(s):  
Renewable Energy ◽  
Real World ◽  
Large Scale ◽  
Market Design ◽  
New Products ◽  
Active Participation ◽  
Energy Markets ◽  
Agent Based ◽  
Large Scale Integration ◽  
Scale Integration

Most existing energy markets (EMs) were not designed to take into account an active participation of variable renewable energy (VRE). This situation results typically in imbalances and substantial costs in balancing markets. Such costs are reflected both in the energy and the VRE parts of the consumer tariffs. Both appropriate market products and new elements of market design may largely facilitate the large-scale integration of VRE in EMs. Accordingly, this article presents a new bilateral energy contract and introduces two new marketplaces that can contribute to reduce the imbalances resulting from VRE producers. It also presents a study conducted with the help of an agent-based tool, called MATREM. The results indicate a significant decrease in the imbalances and the associated costs.

scholarly journals From Niche to Market—An Agent-Based Modeling Approach for the Economic Uptake of Electro-Fuels (Power-to-Fuel) in the German Energy System

Energies ◽  
2020 ◽  
Vol 13 (20) ◽  
pp. 5522
Author(s):  
Christian Schnuelle ◽  
Kasper Kisjes ◽  
Torben Stuehrmann ◽  
Pablo Thier ◽  
Igor Nikolic ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Large Scale ◽  
Ad Hoc ◽  
Transition Process ◽  
Energy System ◽  
Model Potential ◽  
Agent Based ◽  
Large Scale Integration ◽  
Framework Conditions ◽  
Scale Integration

The transition process towards renewable energy systems is facing challenges in both fluctuating electricity generation of photovoltaic and wind power as well as socio-economic disruptions. With regard to sector integration, solutions need to be developed, especially for the mobility and the industry sector, because their ad hoc electrification and decarbonization seem to be unfeasible. Power-to-fuel (P2F) technologies may contribute to bridge the gap, as renewable energy can be transferred into hydrogen and hydrocarbon-based synthetic fuels. However, the renewable fuels production is far from economically competitive with conventional fuels. With a newly developed agent-based model, potential developments in the German energy markets were simulated for a horizon of 20 years from 2016 to 2035. The model was constructed through a participatory modeling process with relevant actors and stakeholders in the field. Model findings suggest that adjusted regulatory framework conditions (e.g., exemptions from electricity surtaxes, accurate prices for CO2-certificates, strong start-up subsidies, and drastic emission reduction quotas) are key factors for economically feasible P2F installations and will contribute to its large-scale integration into the German energy system. While plant capacities do not exceed 0.042 GW in a business-as-usual scenarios, the above-mentioned adjustments lead to plant capacities of at least 3.25 GW in 2035 with concurrent reduction in product prices.

scholarly journals Large scale integration of renewable energy sources (RES) in the future Colombian energy system

Energy ◽  
2019 ◽  
Vol 186 ◽  
pp. 115805 ◽  
Author(s):  
Oscar Pupo-Roncallo ◽  
Javier Campillo ◽  
Derek Ingham ◽  
Kevin Hughes ◽  
Mohammed Pourkashanian
Keyword(s):  
Renewable Energy ◽  
Large Scale ◽  
Renewable Energy Sources ◽  
Energy System ◽  
Energy Sources ◽  
The Future ◽  
Large Scale Integration ◽  
Scale Integration
Sign in / Sign up

Export Citation Format

Share Document