INTEGRATING RENEWABLE ENERGY SOURCES IN A LIBERALIZED ELECTRICITY MARKET Cover Image

ИНТЕГРИРАНЕ НА ВЪЗОБНОВЯЕМИТЕ ЕНЕРГИЙНИ ИЗТОЧНИЦИ В ЛИБЕРАЛИЗИРАН ЕЛЕКТРОЕНЕРГИЕН ПАЗАР
INTEGRATING RENEWABLE ENERGY SOURCES IN A LIBERALIZED ELECTRICITY MARKET

Author(s): Atanas Georgiev
Subject(s): Economy, National Economy, Energy and Environmental Studies
Published by: Софийски университет »Св. Климент Охридски«
Keywords: regulation; renewable; energy; liberalization; markets;

Summary/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.

  • Issue Year: 16/2018
  • Issue No: 1
  • Page Range: 115-123
  • Page Count: 9
  • Language: Bulgarian