Security of supply during the energy transition: Evaluating the adequacy of the Dutch energy system during the transition to a zero-carbon energy system in a realistic scenario

The climate change is evident and a big contributor to the negative effects of the climate change is the energy production sector. Therefore, the energy production must shift towards a more environment friendly mix. Changing our energy sources to mostly renewable energy sources comes with many challenges. <br/>The way the current Dutch...

Capacity Mechanisms: ensuring long-term system adequacy during the energy transition in the electricity market

Electrification by means of renewable energy sources in electricity production (RES-E) is a key strategy to meet global climate goals established in the Paris Agreement. The increasing share of RES-E as a result of this has significant implications on the functioning of the electricity system and the adequacy of the electricity market design, as...

Techno-economic evaluation of energy markets for demand response and congestion management in future decentralized energy systems

In the context of the energy transition, the energy sector is experiencing a paradigm shift towards electrification in a decentralized model, where renewable energy sources are becoming the protagonists. However, such shift comes with several challenges. In particular for this thesis, the intermittency of renewable energy sources coupled with...

Exploring Soft-linking of Market Modules and an Optimization Model: A case study on the coupling of the energy models EM-Lab and COMPETES

The European Green Deal states that the European Union will have to cut 55% of carbon-dioxide (CO2) levels and implement a share of at least 40% of renewable energy sources in the electricity sector by 2030, compared to levels of 1990. While renewable energy technologies are effective in cutting CO2 levels, they also bring challenges like...

Cross-Border Participation in Capacity Mechanisms

To keep the generation adequacy of the power system up to standards, more and more countries in Europe are setting up capacity mechanisms. In a capacity mechanism power generation units receive payments for having their capacity available when this is needed (during moments of electrical supply shortage). These payments are received on top of...

An analysis of a forward capacity market with long-term contracts

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...

Security of supply during the energy transition: The role of capacity mechanisms

The push for clean energy has caused a rapid growth of renewables in the electricity supply mix of the EU. Although one would assume that the impact of these technologies is entirely positive, recent research and experience indicate that there is reason for concern namely regarding the security of supply. In this context, the concern is how...

The effectiveness of a strategic reserve in the presence of a high portfolio share of renewable energy sources

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...

European security of electricity supply policy in the context of increasing volumes of intermittent generation

In response to plans in France and the UK to implement a capacity mechanism and the recent implementation of a small strategic reserve in Germany, we address the question of the cross-border effects of national implementation of a capacity mechanism in Europe’s interconnected markets. We model some of the effects that may arise when different...

Modeling the effects of generation adequacy policies implemented in North West European countries on the Dutch electricity market

Electricity production plays a crucial role in The Netherlands to support the functioning and development of the entire society. Therefore, it is in the best interest of this country to keep the well functioning of the Dutch electricity market to meet the current and future demand of electricity. However, generation adequacy policies implemented...