A Modeling Approach To Analyze The Implementation Of Capacity Markets In Germany

Towards a comprehensive policy for electricity from renewable energy: Designing for social welfare

The governance of renewable electricity in Europe beyond 2020 is still uncertain. The only certain aspects are that national level targets will be abolished beyond 2020, and that most renewable electricity support schemes will take the form of competitive bidding. The objective of this paper is to assess the impact of policy choices, the so...

Cross-border effects of capacity mechanisms in interconnected power systems

The cross-border effects of a capacity market and a strategic reserve in interconnected electricity markets are modeled using an agent-based modeling methodology. Both capacity mechanisms improve the security of supply and reduce consumer costs. Our results indicate that interconnections do not affect the effectiveness of a capacity market,...

Simulating climate and energy policy with agent-based modelling: The Energy Modelling Laboratory (EMLab)

We present an approach to simulate climate and energy policy for the EU, using a flexible and modular agent-based modelling approach and a toolbox, called the Energy Modelling Laboratory (EMLab). The paper shortly reviews core challenges and approaches for modelling climate and energy policy in light of the energy transition. Afterwards, we...

The effectiveness of capacity markets in the presence of a high portfolio share of renewable energy sources

The effectiveness of a capacity market is analyzed by simulating three conditions that may cause suboptimal investment in the electricity generation: imperfect information and uncertainty; declining demand shocks resulting in load loss; and a growing share of renewable energy sources in the generation portfolio. Implementation of a capacity...

National Renewable Policies in an International Electricity Market: A Socio-Technical Study

The current regulatory framework under which the support schemes for Renewable energy sources specifically for electricity (RES-E) operate, is provided for by the Directive 2009/28/EC. It sets a 20% target for energy consumption, while relying on legally binding, national targets until 2020. The goal to promote RES-E, in the European context,...

Value Change, Value Conflict, and Policy Innovation: Understanding the Opposition to the Market-Based Economic Dispatch of Electricity Scheme in India Using the Multiple Streams Framework

As policy innovation is essential for upscaling responsible innovation, understanding its relationship to value change(s) occurring or sought in sociotechnical systems is imperative. In this study, we ask: what are the different types of values in the policy process? And, how does value change influence policy innovation? We propose a...