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Tools for the Design and modelling of new markets and negotiation mechanisms for...

Tools for the Design and modelling of new markets and negotiation mechanisms for a 100 Renewable European Power Systems Tools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power System The objective of this project is to develop and test an innovative electricity market design that can meet... ver más

30/11/2024

LNEG

4M€

Presupuesto del proyecto: 4M€

Líder del proyecto

Laboratorio Nacional de Energia e Geologia I.... No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Fecha límite participación Sin fecha límite de participación.

Ver 12 Participantes

Financiación concedida El organismo H2020 notifico la concesión del proyecto el día 2024-11-30

LC-SC3-ES-6-2019: Research on advanced tools and tech...

I+D

Cerrada hace 5 años

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Información adicional privada

No hay información privada compartida para este proyecto. Habla con el coordinador.

12 Participantes

LNEG

610.67K€ | Lider

AMES MONTBLANC SINTERING

374.06K€ | Participante

TU Delft

411.98K€ | Participante

Smartwatt

134.96K€ | Participante

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Duración del proyecto: 58 meses Fecha Inicio: 2020-01-20
Fecha Fin: 2024-11-30

Líder del proyecto

Laboratorio Nacional de Energia e Geologia I.... No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Presupuesto del proyecto 4M€

Fecha límite de participación Sin fecha límite de participación.

Descripción del proyecto Tools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power System The objective of this project is to develop and test an innovative electricity market design that can meet society’s needs in a (near) 100% renewable power system. Such a long-term sustainable market design needs to provide efficient operational and investment incentives for an electricity system that is characterized by a high share of variable renewable energy sources, that is highly integrated with sectors such as home heating and cooling and transport, and needs to provide efficient incentives for the participation of all demand, from households to industrial consumers. It needs to provide security of supply by ensuring sufficient controllable electricity generation capacity without becoming too costly. And despite the variability of solar and wind energy the price risk must be limited: for investors, so the cost of capital does not become too high, and for consumers so they are not exposed to unmanageable swings in their energy expenses. In this project, a market design will be developed that meets these objectives. It will be tested in a sophisticated simulation environment in which real-world characteristics such as actors’ limited foresight into the future and risk aversion are included. The performance of the market design - with respect to quantitative indicators such as security of supply, average costs to consumers and investment cost recovery - will be compared to a benchmark calculation of an optimal power system, which will also be developed in this project. We will involve representatives of all key stakeholder groups - consumers, large and small power generators, network operators and government in all phases of the process, in the market design as well as the development of the optimization and simulation models, in order to ensure the social acceptability of the research process and outcomes.

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