TradeRES
Financiado
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...
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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Duración del proyecto: 58 meses
Fecha Inicio: 2020-01-20
Fecha Fin: 2024-11-30
Fecha Fin: 2024-11-30
Línea de financiación: concedida
El organismo H2020 notifico la concesión del proyecto el día 2020-01-20
Línea de financiación objetivo
El proyecto se financió a través de la siguiente ayuda:
LC-SC3-ES-6-2019:
Research on advanced tools and technological development
Cerrada
hace 5 años
Presupuesto
El presupuesto total del proyecto asciende a
4M€
Líder del proyecto
Laboratorio Nacional de Energia e Geologia I....
No se ha especificado una descripción o un objeto social para esta compañía.
Perfil tecnológico
TRL
4-5
Perfil tecnológico
TRL
4-5
374.06K€ |
Participante
411.98K€ |
Participante