Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.04.016 |
Why fully liberalised electricity markets will fail to meet deep decarbonisation targets even with strong carbon pricing | |
Kraan, Oscar1,2; Kramer, Gert Jan1; Nikolic, Igor3; Chappin, Emile3; Koning, Vinzenz1 | |
2019-08-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 131页码:99-110 |
文章类型 | Article |
语种 | 英语 |
国家 | Netherlands |
英文摘要 | Full decarbonisation of the electricity system is one of the key elements to limit global warming. As this transition takes place, the electricity system must maintain system adequacy and remain affordable to consumers. In liberalised electricity markets investors are seen as key actors driving this transition. Due to the intermittent character of renewable assets, such as wind or solar parks, electricity systems with large shares of renewable electricity will need to become increasingly flexible. Evaluating whether specific market designs provide the right incentives to invest in flexibility, requires the simulation of realistic investor behaviour. Agent-based modelling provides the means to explore heterogeneous, imperfectly informed and boundedly rational investor behaviour within different electricity market designs. We evaluated two market designs; "energy-only" markets and markets with a Capacity Remuneration Mechanism (CRM). We conclude that energy-only markets, even with strong carbon pricing, do not incentivise investors to deliver a fully renewable, reliable and affordable energy system. Therefore policy makers should focus on developing CRMs which can work in combination with market incentives to reach a fully renewable, reliable and affordable electricity system in the second half of this century. |
英文关键词 | Investor behaviour Electricity market design Agent-based modelling Storage Flexibility Sustainability |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000472125200009 |
WOS关键词 | ENERGY-STORAGE ; CAPACITY MECHANISMS ; ECONOMIC VIABILITY ; GENERATION ; SYSTEMS ; ARBITRAGE ; IMPACT ; WIND ; SIMULATION ; INVESTMENT |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/185557 |
专题 | 气候变化 |
作者单位 | 1.Univ Utrecht, Copernicus Inst Sustainable Dev, Utrecht, Netherlands; 2.Leiden Univ, Inst Environm Sci, Leiden, Netherlands; 3.Delft Univ Technol, Fac Technol Policy & Management, Delft, Netherlands |
推荐引用方式 GB/T 7714 | Kraan, Oscar,Kramer, Gert Jan,Nikolic, Igor,et al. Why fully liberalised electricity markets will fail to meet deep decarbonisation targets even with strong carbon pricing[J]. ENERGY POLICY,2019,131:99-110. |
APA | Kraan, Oscar,Kramer, Gert Jan,Nikolic, Igor,Chappin, Emile,&Koning, Vinzenz.(2019).Why fully liberalised electricity markets will fail to meet deep decarbonisation targets even with strong carbon pricing.ENERGY POLICY,131,99-110. |
MLA | Kraan, Oscar,et al."Why fully liberalised electricity markets will fail to meet deep decarbonisation targets even with strong carbon pricing".ENERGY POLICY 131(2019):99-110. |
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