INTEGRATING RENEWABLE ENERGY SOURCES IN A LIBERALIZED ELECTRICITY MARKET

Atanas Georgiev ()

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2018, vol. 16, issue 1, 115-123

Abstract: During the liberalization of the national electricity markets in the European Union, the energy market faces new challenges related to the increasing share of renewables in the mix. The rise of renewable energy sources and their participation in the wholesale markets through power exchanges and bilateral contracts lead to lower prices and intermittency of the system loads. This report explores the current challenges and outlines some new regulatory mechanisms for ensuring the seamless inclusion of renewable energy in the electricity market. The model of “contracts for difference” is proposed as a measure to improve the outcomes in the European electricity market.

Keywords: regulation; renewable; energy; liberalization; markets (search for similar items in EconPapers)
Date: 2018
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