A5056028284- Electric Power System Optimization
- Climate Change Policy and Economics
- Smart Grid Energy Management
- Capital Investment and Risk Analysis
- Energy Efficiency and Management
- Global Energy Security and Policy
- Energy, Environment, and Transportation Policies
- Integrated Energy Systems Optimization
- Renewable Energy and Sustainability
- Auction Theory and Applications
- Electric Vehicles and Infrastructure
- Renewable energy and sustainable power systems
- Environmental Impact and Sustainability
- Fiscal Policy and Economic Growth
- Global Energy and Sustainability Research
- Economic and Social Issues
- Recycling and Waste Management Techniques
- Corporate Social Responsibility and Sustainability
- Physics and Engineering Research Articles
- Housing Market and Economics
- Distributed and Parallel Computing Systems
- Scientific Computing and Data Management
- Extraction and Separation Processes
- EU Law and Policy Analysis
- Private Equity and Venture Capital
German Institute for Economic Research
2017-2025
Delft University of Technology
2012-2017
The global energy system is undergoing a major transition, and in planning decision-making across governments, industry academia, models play crucial role. Because of their policy relevance contested nature, the transparency open availability data are particular importance. Here we provide practical how-to guide based on collective experience members Open Energy Modelling Initiative (Openmod). We discuss key steps to consider when opening code data, including determining intellectual...
The shift to climate neutrality requires new process technologies for energy-intensive industries, such as steel, chemicals, or cement. A variety of technology options exist - but they face the challenges (i) first-of-kind costs, (ii) higher operation and investment (iii) insufficient uncertain carbon prices, which partly stem from political uncertainty. Existing innovation policy instruments policies price floors can only address these challenges. Project-based contracts-for-difference...
The energy crisis and the accelerated transition to climate neutrality result in a shift from traditional trilemma an "energy quartet" across Europe. Firstly, criteria of affordability, previously focused on short-term price developments, broadens reliable affordability including crises. Secondly, clean traditionally production now extends systems with neutral provision flexibility enhanced efficiency. Thirdly, generation adequacy system resilience, for example interruptions fuel supply....
The recent low CO2 prices in the European Union Emission Trading Scheme (EU ETS) have triggered a discussion whether EU ETS needs to be adjusted. We study effects of price floors and ceiling on dynamic investment pathway two interlinked electricity markets (loosely based Great Britain, which already has introduced floor, Central Western Europe). Using an agent-based market simulation with endogenous (including banking), we analyse cross-border national policies as well system-wide policy...
The EU parliament has accepted a proposal of the commission on backloading emission allowances (EUA), where auctioning EUAs is postponed to future time periods. also proposed market stability reserve (MSR), which quantity-based stabilisation policy that aimed at controlling volume in circulation. Using an agent-based electricity simulation with endogenous investment and CO2 (including banking), we analyse reform MSR. We find only have short-term impact prices; regardless, there significant...
Cost of renewable energies have dropped, approaching wholesale power price levels. As a result, the role energy policy design is shifting – from covering incremental costs towards facilitating risk-hedging. An analytical model financing structure investment projects developed to assess this effect und used compare different choices: contracts for differences, sliding premia, fixed premia and setting without dedicated remuneration mechanism. The expected benefit electricity consumers reduced...
Renewable energy installations are rapidly gaining market share due to falling technology costs and supportive policies. Meanwhile, the price crisis in 2022 shifted policy debate toward question of how consumers can better benefit from low stable generation renewable electricity. Long-term contracts for link producers an option address these concerns. Various failures limit potential bilateral contract structures between power consumers. Hence, we assess a government-backed Energy Pool which...
The effectiveness of a capacity market is analyzed by simulating three conditions that may cause suboptimal investment in the electricity generation: imperfect information and uncertainty; declining demand shocks resulting load loss; growing share renewable energy sources generation portfolio. Implementation can improve supply adequacy reduce consumer costs. It mainly leads to more low-cost peak units. If administratively determined reserve margin high enough, security not significantly...
We analyze the effectiveness of a forward capacity market (FCM) with long-term contracts in an electricity presence growing share renewable energy. An agent-based model is used for this analysis. Capacity markets can compensate deteriorating incentive to invest controllable power plants when variable energy sources grows, but may create volatile prices themselves. have been developed, e.g. UK, stabilize prices. In our analysis, FCM effective providing required adequacy level and leads lower...
To ensure sufficient investment in electricity generation capacity, mechanisms such as strategic reserves are being considered or already implemented. We analyze the effectiveness of a reserve presence growing portfolio share renewable energy sources (RES) with EMLab-Generation, an agent-based market model. A can stabilize investment, but within limits. Uncertainty regarding future demand may cause to become instable, potentially leading periods very high prices. In large variable sources,...
The cross-border effects of a capacity market and strategic reserve in interconnected electricity markets are modeled using an agent-based modeling methodology. Both mechanisms improve the security supply reduce consumer costs. Our results indicate that interconnections do not affect effectiveness market, while is affected negatively. neighboring zone may free ride on provided by implementing mechanism. However, causes crowding out generators energy-only zone. A implemented this region could...
This paper explores climate-friendly projects that could be part of the COVID-19 recovery while jump-starting transition European basic materials industry. Findings from a literature review on technology options in advanced development stages for production, enhanced sorting, and recycling steel, cement, aluminium, plastics, are combined with insights interviews 31 stakeholders these sectors about practical economic feasibility options. Results indicate an estimated investment 28.9 billion...
Low and uncertain carbon prices are often stated as a major obstacle for industrial sector investments in technologies to deliver deep emissions reductions. Project-based contracts underwritten by national governments could address regulatory risk, lower financing costs strengthen incentives emission reductions at investment operation stage. In this paper design options project-based assessed using an analytical model capturing risk aversion of investors with mean-variance utility function....
Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model assess different bidding formats determine for each format the optimal strategy of competitive generators facing price-uncertainty. compare results simple bidding, block and multi-part bidding. find that even under face risk ex-post suboptimal solutions, whereas in these do not occur. This points efficiency gains presence uncertainty markets.
Driven by the climate conference in Paris December 2015 countries worldwide are confronted with question of how to shape their power system and establish alternative technologies reduce harmful CO2 emissions. The German government plans that even before year 2050, all electricity generated consumed Germany should be greenhouse gas neutral [1]. To successfully integrate renewable energies, a future energy must able handle intermittent nature sources such as wind solar. One important means...
Renewable energy installations are rapidly gaining market share due to falling technology costs and supportive policies. Meanwhile, the price crisis resulting from Russian-Ukrainian war has shifted policy debate toward question of how consumers can benefit more low stable generation renewable electricity. Here we suggest a Pool (“RE-Pool”) under which government passes conditions Contracts-for-Difference on who thereby reliably low-cost electricity supply. We assess effect financing costs,...