Modeling of a green certificate market

O.V. Marchenko

Renewable Energy, 2008, vol. 33, issue 8, 1953-1958

Abstract: The paper considers one of the economic mechanisms, stimulating the introduction of renewable energy sources (RES)—a green certificate market. A mathematical model was developed to describe a supply and demand balance in the electricity and green certificate markets simultaneously. The sellers of certificates are RES owners, who obtain certificates for each unit of electricity produced, and the buyers are consumers, who are obliged by law to buy a certain share of this electricity.

Keywords: Electricity market; Mathematical model; Renewable energy sources; External effects; Green certificate market; Economic efficiency (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:33:y:2008:i:8:p:1953-1958

DOI: 10.1016/j.renene.2007.09.026

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