Resilient Industrial Systems: A Complex System Perspective to Support Business Decisions

Industrial systems increasingly need to become more resilient to developments in their environment. To take the right decisions and improve their resilience, those companies need insight into the effects of resilience-enhancing actions. A substantial part of those actions' effects follow from the adaptation of the focal company's environment in...

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...

Interactions between carbon and power markets in transition

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...

Adjusting the CO2 cap to subsidised RES generation: Can CO2 prices be decoupled from renewable policy?

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...

The market (in-)stability reserve for EU carbon emission trading: Why it might fail and how to improve it

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...

Modelling the Emergence of Functioning Natural Gas Wholesale Markets

The European Commission considers liberalized and liquid natural gas wholesale markets as a priority. Agent-based models are considered suited to provide insight in what market conditions contribute to the emergence of functioning natural gas wholesale markets. We present an abstraction of the natural gas market to explore the emergence of...