Policy Instruments and Market Integration of Renewables - an Agent-Based Model Analysis

Kurzfassung

One of the energy transition’s main challenges is the alignment of renewable energy generation and demand. Thus, financial and organisational aspects in addition to the technical issues of the electricity system have to be redesigned to ensure the successful integration of renewable energies. The market integration of renewables by linking the generation of renewable electricity to the price signals of the energy exchange markets is broadly considered to be the key option to address this challenge. In 2012, the German government introduced a sliding market premium for supporting the direct marketing of electricity from renewable energies. We analyse the impacts of the market premium on the involved market actors (e.g. income situation of renewable power plant operators and direct marketers) on the micro level of the energy market system as well as its effects on the macro level (e.g. energy exchange prices and market structure) with our agent-based simulation model AMIRIS (Reeg et al. 2013).