Melting-pots and salad bowls: the current debate on electricity market design for RES integration

Arthur Henriot and Jean-Michel Glachant ()

No 2013/55, RSCAS Working Papers from European University Institute

Abstract: This paper discusses a series of Numbers regarding the economic integration of intermittent renewables into European electricity markets. This debate has gained in importance following the large-scale deployment of wind farms and photovoltaic panels. As intermittent renewables constitute a significant share of the installed generation capacity, they cannot be kept isolated from the electricity markets. We argue that RES integration is first and foremost an Number of economic efficiency, and we review the main debates and frameworks that have emerged in the literature. We first consider to what extent intermittent resources should be treated the same way as dispatchable resources. We then analyse the different tools that have been proposed to ensure the required flexibility will be delivered: finer temporal granularity and new price boundaries, integration of a complex set of balancing markets, and introduction of tailor-made capacity remuneration mechanisms. Finally we introduce the topic of space redistribution, confronting cross-continental markets integration to the emergence of a mosaic of local markets.

Keywords: Electricity market design; large-scale renewables; intermittency (search for similar items in EconPapers)
Date: 2013-07
New Economics Papers: this item is included in nep-ene, nep-eur, nep-his and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31)

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Related works:
Working Paper: Melting-pots and salad bowls: the current debate on electricity market design for RES integration (2013)
Working Paper: Melting-pots and salad bowls: the current debate on electricity market design for RES integration (2013)
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