• Summary of D6.1, D6.2, D6.3 plus minutes and recommendations of the expert workshop and follow-up consultation process & stakeholder event allocated in WP6 (D6.4, October 2016). As the title suggests, this final report provides a summary of the work produced by the Market4RES project for the past two years. All policy recommendations made in previous studies are briefly gathered in this summary. The report also presents the functioning of the Market4RES consortium and the results of the written consultation processes. The full report is available here.
  • Quantitative evaluation of policies for post 2020 RES-E targets (D6.3, October 2016). This report focuses on Capacity Mechanisms (CM), building up on previous analyses of the Market4RES project (in particular, report D3.1). Recent falling prices of electricity have led to decreased investments in new energy generation capacities, which encourages countries to develop CM to better manage existing power capacity. The present report analyses best practices in CM design. These mechanisms will provide new incentives allowing investors to decide whether to build new generation units or maintain available competitive existing ones. The full report is available here.
  • Guidelines for implementation of new market designs in Europe with high shares of RES-E penetration (post-2020) (D6.2, October 2016). This report is part of the concluding section of the Market4RES project (WP6), which gathers the results from previous sections into a set of recommendations. While report D6.1 focused on the short-medium term (20/20/20 targets), this study looks at 2020 and beyond, and considers the future generation fleet that results from current and future market designs. The report is structured around two main pillars: making the “market fit for RES”, and making “RES fit for the market”. The base for this study are the previous parts of the Market4RES project (WP2, 3 & 5). The full report is available here.
  • Recommendations for implementation of long term markets (energy and capacity) 2020 – 2050 (D5.2, September 2016). This report includes seven studies made by different project partners, which analyse future electricity market policies, based on ENTSO-E scenarios for 2020 and 2030. The studies focus on policy instruments related to short and long-term markets, assessed according to the criteria of market efficiency and use of public funds, effectiveness in terms of deployment of renewables, robustness and implementability. The report also includes a study of the effects of risk on the evolution of the energy mix and the relationship between the support for renewables and the profitability of demand response. The full report is available here.
  • Report “Roadmap for RES penetration under the current Target Model high-level principles (2014-2020). Part 2” (D6.1.2, July 2016). This report is the second and final piece of a set of two studies within the concluding part of the Market4RES project (so-called “Work-Package 6”), where the results from previous analyses are gathered into a set of conclusions and recommendations. Reports D6.1 1&2 focus on addressing the 2020 horizon, both in terms of generation fleet and in terms of possible market designs. Report D6.1.1 was produced in June 2016 and focused on RES support schemes and demand response. While D6.1.2 tackles flexibility features of short-term power markets, with a specific focus on the integration of Renewable Energy Sources into the electric grid. In particular, it considers three specific aspects of market design: the flexibility features of short-term markets, balancing markets and the timing of short-term markets. The full report is available here.
  • Report “Roadmap for RES penetration under the current Target Model high-level principles (2014-2020). Part 1” (D6.1.1, June 2016). This report is part of a set of two studies that represent the concluding part of the Market4RES project (so-called “work-package 6”). The document is the first deliverable of this work package, and a second part (D6.1.2) will follow. In this WP, the results from previous work packages are analysed and gathered into a set of conclusions and recommendations. Its major objective is therefore to recommend the steps towards a practical implementation of policy, legislation and regulations for the renewable electricity generation in order to secure a robust evolution of the EU Target Model (TM) beyond 2020. In particular, the report focuses on two specific aspects of the current market design: Short-term effects of RES support schemes, and participation of demand in short-term markets. The full report is available here.
  • Report “Quantification of the expected impacts coming from evolutions of RES support schemes and demand flexibility” (final report, D4.3). The purpose of the report D4.3 is to present final results of the studies performed with the OPTIMATE tool within the WP4 of Market4RES. Two main studies have been performed, all based on specifications described in the Market4RES deliverable “Specifications of the most adequate options for flexibility markets and RES support schemes to be studied in a cross-border context”:

1) Impact on short-term market outcomes of the foreseen evolution in RES support schemes (SS) from Feed-in-Tariffs (FiT) to Price Premium (PP): the outcomes of this study have been reported into report D4.2 “Quantification of the expected impacts coming from evolutions of RES support schemes and demand flexibility (intermediate report)” published in May 2015

2) Impact on short-term market outcomes of the development of demand flexibility: the outcomes of this study are reported in the present deliverable, D4.3.

This set of studies (named ‘Work Package 4’) aims at quantifying the impacts of different market architecture options, assuming as an input the generation fleet expected for 2020. The tool used to quantify the impacts of market architecture options is the OPTIMATE prototype simulation platform. By using OPTIMATE, different market architecture options can be compared thanks to a set of selected indicators. This comparison is made by using different scenarios (installed capacities per energy source, level of peak demand, fuel prices, cross-border capacities, etc.) considered as input data, allowing for a sensitivity analysis of the impacts of the studied options with regards to different parameters, notably the level of RES penetration.

To read the full report, click here.

  • Report “Description of planned analyses, scenarios and models for the post 2020 time horizon” (D5.1, February 2016). This report is part of a set of studies that deal with the quantitative analysis of different market design adjustments (so-called “work-package 5”). The document is the first deliverable of this work package. It describes the planned analyses of different market design options in terms of their capacity to accommodate a large share of renewable energy sources and generate incentives for investments into flexible generation to guarantee sufficient security of supply in the year 2030. These analyses represent a continuation of the studies of the Target Model until 2020 that have been performed in work package 4, which are focused on the transition from the feed-in tariff (FIT) to the price premium (PP), as well as the influence of a more flexible demand side. In WP5 both types of support, FIT and PP are analysed as well as a number of other design options. The full report is available here.
  • Report “Definition of Key Performance Indicators for the assessment of design options” (D3.3, January 2016). Options for the design of market developments required to integrate RES generation into the system and the network and achieve their satisfactory functioning have been described in the reports D3.1 “Developments affecting the design of long-term markets” and D3.2 “Developments affecting the design of short-term markets” available below.
    The definition of Key Performance Indicators (KPIs) is central to the assessment of the performance of these options. In this report, Market4RES specifies and describes the KPIs that will be applied when assessing different market design options within the project, as well as others to be applied in the real life assessment of options (when they are not applied in the project due to the limited set of data and resources available). The full report is available here.
  • Report on “Developments affecting the design of short-term markets“. Short term markets will certainly have to undergo some changes as well if authorities want to achieve a satisfactory functioning of the system from the economic, environmental and reliability points of view. Thus, balancing markets, day-ahead and intraday energy ones will have to be integrated at European level and accommodate both RES generation and demand. Besides, the efficiency of the functioning of these markets will have to be preserved in the new context. This report is concerned with the definition and conceptual assessment of main possible options for the design of those short term markets that will be needed, as well as with the analysis of the short term effects that other markets may have. The full report (D3.2) is available here.
  • Report on “Developments affecting the design of long-term markets” that identifies and characterizes the most promising modifications to the design of markets in the Target Model (TM), as well as the most promising design options for new markets to be developed, allowing the European electricity system to operate satisfactorily in a context of very high penetration levels of RES generation. With this purpose, several design options were considered for those market developments that are still pending in the TM. You can read the full report (D3.1) here.
  • Report on “Quantification of the expected impacts coming from evolutions of RES support schemes and demand flexibility” (D4.2) to present the intermediate results of the studies performed with the OPTIMATE tool within the WP4 of Market4RES. Two main studies are being performed:

a) Impact on short-term market outcomes of the foreseen evolution in RES support schemes (SS) from Feed-in-Tariffs (FiT) to Price Premium (PP);

b) Impact on short-term market outcomes of the development of demand flexibility.

The final report of the studies (deliverable D4.3) is foreseen to be completed in the first quarter of 2016.

Read the Executive Summary: D4.2 Executive Summary; Read the full Report: D4.2 Quantification of the expected impacts coming from evolutions of RES support schemes and demand flexibility.

  • Report on ‘Empirical case study analyses emphasising the challenges in the very short-term, short-term and long-term electricity markets in Europe with high shares of RES-E penetration (incl. world-wide best-practise design analysis), taking also into account the currently existing lack and future potential of demand side management implementation in this context’. Read the Executive Summary: D2.3 Executive Summary; Read the full Report: D2.3 Empirical Case-Study Analyses (May 2015).
  • Report focusing on the diagnosis of the Target Model (TM) developed by the European Commission (EC), Transmission Systems Operators (ENTSO-E) and Regulators (ACER). It provides a description of NCs currently under development, discusses the process of development and implementation of NCs, and describes the assessment of the TM performance over several time frames: long, short, and very short term. Read the Executive Summary: D2.2 Executive Summary; Read the full Report: D2.2 Implementation Status and Market Focused Diagnosis of the Target Model (April 2015).