Searched for: author:"Richstein, J.C."
(1 - 14 of 14)
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Bhagwat, P.C. (author), Marcheselli, A. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), de Vries, Laurens (author)
We analyze the effectiveness of a forward capacity market (FCM) with long-term contracts in an electricity market in the presence of a growing share of renewable energy. An agent-based model is used for this analysis. Capacity markets can compensate for the deteriorating incentive to invest in controllable power plants when the share of...
journal article 2017
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Chappin, E.J.L. (author), de Vries, Laurens (author), Richstein, J.C. (author), Bhagwat, P.C. (author), Iychettira, K.K. (author), Khan, A.S.M. (author)
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...
journal article 2017
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Bhagwat, P.C. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), Iychettira, K.K. (author), de Vries, Laurens (author)
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,...
journal article 2017
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Bhagwat, P.C. (author), Iychettira, K.K. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), de Vries, Laurens (author)
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...
journal article 2017
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Bhagwat, P.C. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), de Vries, Laurens (author)
To ensure sufficient investment in electricity generation capacity, mechanisms such as strategic reserves are being considered or already implemented. We analyze the effectiveness of a strategic reserve in the presence of a growing portfolio share of renewable energy sources (RES) with EMLab-Generation, an agent-based electricity market model...
journal article 2016
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Richstein, J.C. (author)
In this research, several improvements to the European Union Emissions Trading System (EU ETS) were analysed. The EU ETS is a market for emission allowances and the European Union's main instrument for reducing greenhouse gas emissions (of which CO2 is the main component). However, the CO2 allowance price in this market has been highly volatile...
doctoral thesis 2015
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Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, L.J. (author)
The low prices in the European Emission Trading System (EU ETS) have triggered discussions of various possible reforms. One option is to decouple the CO 2 prices from renewable energy policy by adjusting the emission cap to renewable energy investment overshoots. We introduce two ways of reducing the CO 2 cap in response to overshoots of...
journal article 2015
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Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, L.J. (author)
The EU parliament has accepted a proposal of the EU commission on the backloading of EU emission allowances (EUA), where the auctioning of EUAs is postponed to future time periods. The EU commission has also proposed a market stability reserve (MSR), which is a quantity-based stabilisation policy that is aimed at controlling the volume of EUAs...
journal article 2015
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Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, L.J. (author)
In recent years the Europe Unions emission trading system (EU ETS) has experienced very low prices. This has triggered a political discussion about stabilising the EU ETS and improving incentives for investing in CO2 abatement. As a result of this discussion, the EU parliament accepted a proposal of the EU commission on the backloading of EU...
conference paper 2014
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Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, L.J. (author)
The recent low CO2 prices in the European Union Emission Trading Scheme (EU ETS) have triggered a discussion whether the EU ETS needs to be adjusted. We study the effects of CO2 price floors and a price ceiling on the dynamic investment pathway of two interlinked electricity markets (loosely based on Great Britain, which already has introduced a...
journal article 2014
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Groot, J. (author), Richstein, J.C. (author), De Vries, L.J. (author)
In order to understand how companies make investment decisions under conditions of deep uncertainty, we interviewed a number of actors in the Dutch electricity sector. Most of the economic literature that is devoted to this question is prescriptive in nature, describing rational methods to the investment decision process (such as real options...
conference paper 2013
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Chappin, E.J.L. (author), Viebahn, P. (author), Richstein, J.C. (author), Lechtenböhmer, S. (author), Nebel, A. (author)
The energy transition is taking shape in the German and, to a lesser extent also its neighbouring electricity markets. We have proposed adaptations to an existing model to represent the increasing shares of intermittent renewables, that may alter the structure of the market and the viability of strategies of energy companies. The proposed model...
conference paper 2012
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Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, L.J. (author)
The recent low of CO2 prices in the European Union Emission Trading Scheme have triggered a renewed discussion, whether the introduction of a CO2 price oor would lower investor uncertainty and thus trigger more investment in low-carbon electricity generation. We compare the effects of a CO2 price floor on the dynamic investment pathway of an...
conference paper 2012
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Richstein, J.C. (author), Schuller, A. (author), Dinther, C. (author), Ketter, W. (author), Weinhardt, C. (author)
In this paper we investigate the charging coordination of battery electric vehicles (BEV) with respect to the availability of intermittent renewable energy generation considering individual real world driving profiles in a deterministic simulation based analysis, mapping a part of the German power system in 2009. We propose a price based...
conference paper 2012
Searched for: author:"Richstein, J.C."
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