Integrated Hydrogen-Electricity Market Design: The effect of risk aversion and the use of capacity remuneration mechanisms

The decarbonization of the energy system is driven by the electrification process and the expansion of variable renewable energy capacity. Green hydrogen, produced through electrolysis powered with renewable electricity, represents a major complementary vector that can support this transition. By enabling long-term storage, it addresses the...

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...

Competitiveness of Battery Energy Storage in the Future Belgian Capacity Market

As the world is transitioning from conventional to renewable energy sources, governments and energy utilities face the challenge to match the supply profile of these intermittent sources to the energy demand. Energy storage is being considered as one of the potential solutions to cope with the variability of renewables. Belgium is not only...

Beyond the borders of electricity: The cross border effects of a German capacity market on the Netherlands

Within electricity markets, serious concerns exist whether a competitive electricity market will provide the necessary incentives for investment in generation. In Europe several countries are looking at the options of implementing a capacity mechanism. A capacity market provides a possible solution to this problem of generation adequacy but the...

Orchestrating Investment in an Evolving Power Sector: An Analysis of Capacity Markets

There is increasing concern that energy-only markets are inadequate when it comes to ensuring generation adequacy in the power sector over the long term. This is reflected in the fact that several Independent System Operators have commissioned studies about security of supply over the last few years; OFGEM and CEER (Council of European Energy...