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Tools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems

Project description

Putting renewable models to the test

Europe’s renewable energy policies are among the most ambitious in the world. The move towards a near 100 % renewable European power system requires an innovative electricity market design. The EU-funded TradeRES project will test a market design in a sophisticated simulation environment that includes real-world characteristics. It will compare quantitative indicators (security of supply, average costs to consumers and investment cost recovery) to a benchmark calculation of an optimal power system. According to the project, it is essential to provide efficient operational and investment incentives for an electricity system that is characterised by a high share of variable renewable energy sources and is highly integrated in sectors like home heating and cooling and transport.

Field of science

  • /social sciences/economics and business/economics/sustainable economy
  • /social sciences/economics and business/business and management/commerce
  • /engineering and technology/electrical engineering, electronic engineering, information engineering/electrical engineering/power engineering/electric power generation
  • /engineering and technology/environmental engineering/energy and fuels/renewable energy
  • /engineering and technology/environmental engineering/energy and fuels/renewable energy/windpower

Call for proposal

H2020-LC-SC3-2019-ES-SCC
See other projects for this call

Funding Scheme

RIA - Research and Innovation action

Coordinator

Laboratorio Nacional de Energia e Geologia I.P.
Address
Rua Da Amieira
4466-901 S.mamede De Infesta
Portugal
Activity type
Research Organisations
EU contribution
€ 651 860

Participants (9)

TECHNISCHE UNIVERSITEIT DELFT
Netherlands
EU contribution
€ 411 983,75
Address
Stevinweg 1
2628 CN Delft
Activity type
Higher or Secondary Education Establishments
Teknologian tutkimuskeskus VTT Oy
Finland
EU contribution
€ 382 410
Address
Vuorimiehentie 3
02150 Espoo
Activity type
Research Organisations
NEDERLANDSE ORGANISATIE VOOR TOEGEPAST NATUURWETENSCHAPPELIJK ONDERZOEK TNO
Netherlands
EU contribution
€ 356 600
Address
Anna Van Buerenplein 1
2595 DA Den Haag
Activity type
Research Organisations
INSTITUTO SUPERIOR DE ENGENHARIA DO PORTO
Portugal
EU contribution
€ 376 875
Address
Rua Dr Antonio Bernardino De Almeida 431
4200-072 Porto
Activity type
Higher or Secondary Education Establishments
IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE
United Kingdom
EU contribution
€ 358 342,50
Address
South Kensington Campus Exhibition Road
SW7 2AZ London
Activity type
Higher or Secondary Education Establishments
DEUTSCHES ZENTRUM FUR LUFT - UND RAUMFAHRT EV
Germany
EU contribution
€ 485 391,25
Address
Linder Hohe
51147 Koln
Activity type
Research Organisations
BITYOGA AS
Norway
EU contribution
€ 375 000
Address
Professor Olav Hanssens Vei 7 A
4021 Stavanger
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
SMARTWATT - ENERGY SERVICES SA
Portugal
EU contribution
€ 237 500
Address
Rua Da Constituição 2105, 2º Bu
4250-170 Porto
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
ENBW ENERGIE BADEN-WURTTEMBERG AG
Germany
EU contribution
€ 352 750
Address
Durlacher Allee 93
76131 Karlsruhe
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)