The drive toward decarbonization has spurred the growth of renewable energy sources, reshaping energy production and consumption patterns. As the energy landscape evolves, so must the market design supporting it to steer the integration of renewable energy. Addressing the challenges of promoting distributed renewable energy is paramount for developing a cleaner energy system and meeting decarbonization targets. This study presents a modern market design that efficiently integrates renewable energy sources, long-term contracts, and flexibility technologies into a single evolved market framework. The approach described herein provides proper price signals for diverse assets and decouples renewable energy from fossil fuels, ensuring economic viability and efficient integration. Taking into consideration key barriers and drivers, the findings provide insights for perfecting energy markets, meeting decarbonization targets, and guiding policymaking to boost cleaner energy systems.

Di Foggia, G., Beccarello, M. (2024). Designing new energy markets to promote renewables. HELIYON, 10(10 (30 May 2024)) [10.1016/j.heliyon.2024.e31427].

Designing new energy markets to promote renewables

Di Foggia G.
Primo
;
Beccarello M.
Secondo
2024

Abstract

The drive toward decarbonization has spurred the growth of renewable energy sources, reshaping energy production and consumption patterns. As the energy landscape evolves, so must the market design supporting it to steer the integration of renewable energy. Addressing the challenges of promoting distributed renewable energy is paramount for developing a cleaner energy system and meeting decarbonization targets. This study presents a modern market design that efficiently integrates renewable energy sources, long-term contracts, and flexibility technologies into a single evolved market framework. The approach described herein provides proper price signals for diverse assets and decouples renewable energy from fossil fuels, ensuring economic viability and efficient integration. Taking into consideration key barriers and drivers, the findings provide insights for perfecting energy markets, meeting decarbonization targets, and guiding policymaking to boost cleaner energy systems.
Articolo in rivista - Articolo scientifico
Decarbonization; Distributed energy resources; Energy policy; Green deal; Market design; Renewable energy sources;
English
16-mag-2024
2024
10
10 (30 May 2024)
e31427
open
Di Foggia, G., Beccarello, M. (2024). Designing new energy markets to promote renewables. HELIYON, 10(10 (30 May 2024)) [10.1016/j.heliyon.2024.e31427].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/478840
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