Electricity market integration and impact of renewable energy sources in the Central Western Europe region: Evolution since the implementation of the Flow-Based Market Coupling mechanism

Corona, Luis; Mochón, Asunción; Sáez, Yago

doi:10.1016/j.egyr.2021.12.077

Cited by 10 publications

(5 citation statements)

References 53 publications

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“…It is noteworthy that the papers included in the systematic literature review and the solutions or development proposals presented in them mainly aim for a stronger integration of the European wide electricity market. For example, Corona et al [31] note that the energy policies of individual countries are reflected in their neighbouring countries, and therefore coordination between different participants in the integrated electricity market is very important, and they thus encourage decision-making at the European level. In addition, many papers remind us that the European Commission's long-term objective is to create an Internal Electricity Market on the wholesale level (e.g., Ref.…”

Section: Discussionmentioning

confidence: 99%

“…The Flow-Based Market Coupling mechanism is designed to be implemented in the coming years also for the long-term and intraday electricity markets [21]. Corona et al [31] scrutinized the evolution of market integration in Central Western Europe in the postimplementation period of FBMC from the point of view of price convergence. The study reveals that especially Germany and France play a remarkable role in the market integration process as, for example, the high penetration of RES in Germany is a significant driver of congestion in the region.…”

Section: Market Couplingmentioning

confidence: 99%

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A Systematic Review of European Electricity Market Design Options

2023

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The European electricity market model continues to evolve in the face of new challenges. This systematic literature review aims to assess the status of research and discussion on the current model and its market mechanisms. In addition, it aims to ascertain the kinds of modelling tools that have been used to model market mechanisms or formulate proposals for changes to current practice. The results show that the challenges of individual market mechanisms have been identified quite extensively in the research sample. However, the number of papers identified for inclusion in the systematic literature review was quite small, from which it can be concluded that there are surprisingly few publications focusing on this particular topic. Nevertheless, the trend indicates a probable increase in research in the subject area in the future. The general standpoint among researchers seems to be that the goals set by the EU are, as it were, a law of nature that cannot be deviated from. Consequently, new radical change proposals or comprehensive reforms were not encountered in the study. In addition, it was found that optimization was the most commonly used modelling method in the papers included in the literature review.

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Section: Discussionmentioning

confidence: 99%

Section: Market Couplingmentioning

confidence: 99%

A Systematic Review of European Electricity Market Design Options

2023

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“…Nowadays production and future price trajectories were derived from existing literature and are specific for each country. Concerning electricity, the assumption was made that market zones' prices would converge significantly by 2050 (Figure 4) due to the growing interconnections between countries [5]. For bioenergy specifically, prices and availability/potential were mainly derived from the ENSPRESO database [6] and ENGIE's report on biomethane [7].…”

Section: B Main Hypothesismentioning

confidence: 99%

Prospective bottom-up modelling of industry: what place for electrification in a cost optimised trajectory ?

Raillard–Cazanove,

Girard,

Rogeau

2023

2023 IEEE PES Innovative Smart Grid Technologies Europe (ISGT EUROPE)

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This paper focuses on evaluating the place of electricity in a cost-optimised trajectory of industrial emissions reduction in France, Germany, Belgium, Spain, Italy, and the United Kingdom (altogether called EU-5+1) for three key sectors: steel, chemistry, and cement. Authors used an open-source industry-centered bottom-up model and open-source data to achieve this goal. The results show that in the framework studied, the combined use of bioenergy, electricity and carbon capture is economically optimal for lowering emissions. Even in a higher electricity price scenario, electricity consumption increases by 185%. However, competitive electricity prices are associated with an increase in consumption of up to 366% (in the case of a fossil phase-out) as well as with a greater decrease in emissions. Finally, the associated connection capacity is also expected to increase in line with consumption according to minimum power estimates. At the scale of France (resp. EU-5+1), in this paper's reference scenario, this could represent around to 14 GW (resp. 54 GW) of minimum additional capacity.

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“…In the sample strategic emerging industries, subsidies can generate a strong impetus for improving an enterprise's research capability [12,13]. China's subsidy policy has a major impact on increasing regional independent innovation output, and subsidies are more effective in regions with developed economies or higher levels of intellectual property protection [14,15]. In general, most studies either only theoretically analyze the industrial policies of different countries in the renewable energy sector or focus on the impact of such policies on firms at a micro-level [16][17][18].…”

Section: Introductionmentioning

confidence: 99%

Improving the Innovative Performance of Renewable Energy Enterprises in China: Effects of Subsidy Policy and Intellectual Property Legislation

Chen

et al. 2022

Sustainability

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Energy efficiency and emissions reductions are effective initiatives to address climate change and energy security. China has increased government subsidies and intellectual property protection (IPP) intensity to promote technological innovation in the renewable energy sector. This paper selects samples of geothermal, wind, and solar energy companies and examines whether the two initiatives mentioned above can improve company innovation, and assesses their action pathways. The results reveal that: (i) government subsidies can directly facilitate renewable energy enterprises’ innovative performance, and research and development (R&D) input served as a medium; and (ii) the intensity of IPP moderation needed for geothermal and solar enterprises to utilize the government subsidy to enhance innovation. The government should consider the differences of different sub-sectors of renewable energy when increasing subsidies. Better laws and policies are needed to strengthen the protection of intellectual property rights and stimulate innovation in renewable energy enterprises.

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Electricity market integration and impact of renewable energy sources in the Central Western Europe region: Evolution since the implementation of the Flow-Based Market Coupling mechanism

Cited by 10 publications

References 53 publications

A Systematic Review of European Electricity Market Design Options

A Systematic Review of European Electricity Market Design Options

Prospective bottom-up modelling of industry: what place for electrification in a cost optimised trajectory ?

Improving the Innovative Performance of Renewable Energy Enterprises in China: Effects of Subsidy Policy and Intellectual Property Legislation

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