Electricity market design
Client: IEA-RETD
Project partners: FTI CL
Published: 2016
How should power markets be designed when variable renewables dominate? For IEA-RETD, in cooperation with FTI CL Energy, we assessed long-term wholesale and retail market design under very high renewable shares. The study analyzes four power system prototypes — energy-only, vertically integrated, hybrid, and prosumer markets — and derives recommendations: remove barriers to scarcity prices, create a level playing field for flexibility, introduce locational signals, and develop risk transfer mechanisms to keep capital-intensive technologies financeable.
Prof. Dr. Lion Hirth
hirth@neon.energy
+49 157 55 199 715
