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Project

The economics of balancing mechanisms in electricity markets.

This project studies the economics of balancing mechanisms in electricity markets. Besides a technical goal, namely balancing injections and offtakes in real time, the design of these mechanisms has important economic consequences. In the CWE market context where intermittent production technologies are rapidly integrated, it crucially affects investment and production decisions. The well-functioning of the balancing market is essential to ensure system stability and to prevent blackouts.Countries will benefit from more economic insights when they decide to coordinate their policies at this stage.
Date:1 Oct 2016 →  30 Sep 2018
Keywords:ELECTRICITY SECTOR, ECONOMICS
Disciplines:Applied economics