Publication:
Electricity market integration and impact of renewable energy sources in the Central Western Europe region: Evolution since the implementation of the Flow-Based Market Coupling mechanism

Simple item page
dc.affiliation.dptoUC3M. Departamento de Informáticaes
dc.affiliation.grupoinvUC3M. Grupo de Investigación: Computación Evolutiva y Redes Neuronales (EVANNAI)es
dc.contributor.authorCorona, Luis
dc.contributor.authorMochón, Asunción
dc.contributor.authorSáez Achaerandio, Yago
dc.date.accessioned2023-04-25T11:54:39Z
dc.date.available2023-04-25T11:54:39Z
dc.date.issued2022-11
dc.description.abstractThe wholesale electricity markets in Europe are undergoing major changes. The pursuit of a major integration for the development of the Internal Energy market is the main driver of this transformation. In this context, the Central Western Europe region implemented for the first time in May 2015 a new and complex mechanism to manage cross-border capacity allocation in the frame of the day-ahead market: the Flow-Based Market Coupling. This paper is the first to consider recent data of the electricity market to develop a predictive model for identifying convergence and congestion situations in the Central Western Europe region. The occurrence of convergence or not is considered as a binary outcome to build a probit model. This model combines meaningful information about the electricity market features of the interconnected countries between 2016 and 2018, including for the first time data on renewable energy sources forecasts for this type of studies. The results of this study identify the major role that Germany and France play in the integration process. The estimated coefficients of the model show that the strong development of solar and wind power in Germany appears as an important driver of congestion in the Central Western Europe. In order to improve the benefits of market integration and the further development of the Internal Energy market, the results of this study encourage policy-makers to promote cooperation and coordination among all the actors involved in the electricity market and to pursue the expansion of the power grid to minimize the occurrence of congestion situations.en
dc.description.sponsorshipThis project has been funded by the National Distance Education University (UNED), Spain, Applied Economic and Economic History department for open access publishing.en
dc.format.extent21
dc.identifier.bibliographicCitationCorona, L., Mochon, A., & Saez, Y. (2022). Electricity market integration and impact of renewable energy sources in the Central Western Europe region: Evolution since the implementation of the Flow-Based Market Coupling mechanism. Energy Reports, 8, 1768-1788.en
dc.identifier.doihttps://doi.org/10.1016/j.egyr.2021.12.077
dc.identifier.issn2352-4847
dc.identifier.publicationfirstpage1768
dc.identifier.publicationlastpage1788
dc.identifier.publicationtitleEnergy Reportsen
dc.identifier.publicationvolume8
dc.identifier.urihttps://hdl.handle.net/10016/37199
dc.identifier.uxxiAR/0000031829
dc.language.isoeng
dc.publisherElsevieren
dc.rights© 2022 The Authors.en
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.ecienciaInformáticaes
dc.subject.otherCentral Western Europe regionen
dc.subject.otherEuropean electricity marketen
dc.subject.otherFlow-based Market Couplingen
dc.subject.otherMarket integrationen
dc.subject.otherRenewablesen
dc.titleElectricity market integration and impact of renewable energy sources in the Central Western Europe region: Evolution since the implementation of the Flow-Based Market Coupling mechanismen
dc.typeresearch article*
dc.type.hasVersionVoR*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Electricity_ER_2022.pdf
Size:
1.66 MB
Format:
Adobe Portable Document Format
Download
Collections
DI - GCERN - Artículos de revistas científicas