Security of supply in the import value chain of low-carbon hydrogen

The Russian invasion of Ukraine has created a renewed focus on both climate change and security of supply of energy. The European Commission’s Green Deal highlights the importance of the clean energy carrier ’low-carbon hydrogen’ to combat climate change. Simultaneously, in the new REPowerEU package, the European Commission emphasises the...

Understanding the geopolitical implications of a transition to green hydrogen as the dominant energy carrier

The effects of climate change on the global community are becoming more strongly felt every year, creating devastation on our everyday lives. To combat that, a transition to low-carbon energy carriers is being envisioned by state and private actors through pledges during climate conferences and several candidate carriers are proposed. Among...

Implementing capacity subscription in the Dutch electricity market: An impact assessment using fundamental analysis

The production of renewable energy is steadily going up, and as a result of the (almost) zero-marginal cost renewables, the marginal cost based electricity prices go down. While the need for backup generation increases due to the fluctuating availability of renewable energy, the generation units that supply electricity during demand peaks see...

The Impact of Extreme Weather Conditions on a Renewable Dominated Power System in Germany and Measures to Maintain Security of Supply

With an increasing share of photovoltaic and wind in the German generation mix, the power supply reduces its CO2 emission and becomes more weather dependent. In order to guarantee the security of supply, the volatile power output by the renewables asks for compensation by other sources. These backup technologies have to cope with a variety of...

Potential effects of risk aversion on technology choices and security of supply: Researched with an agent-based model of a liberalised electricity market

Given the current vulnerability of the profitability of power plants to price volatilities and government policy changes, the role of risk considerations in power plant investment decisions becomes increasingly important. However, when we look at simulation studies that look into the long-term impact of different policy designs on electricity...

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...