AN AGENT-BASED SIMULATION MODEL FOR THE ANALYSIS OF MARKET INTEGRATION OF RENEWABLE ENERGY FOR THE GERMAN ELECTRICITY MARKET

Abstract

To further ensure a successful integration of renewable energies, technical, financial and organizational aspects of the electricity system have to be redesigned. A main challenge lies in the alignment of generation and demand of energy due to the fluctuating character of renewables. Several possibilities are being discussed to align this imbalance. One possibility is the market integration of renewables by linking the generation of renewable electricity to the price signals of the energy exchange markets. In the year 2012 the German government introduced the market premium for supporting the direct marketing of electricity from renewable energies. The AMIRIS agent-based simulation model allows testing and analysing the impacts of the market premium on the involved market actors (e.g. renewable power plant operators and direct marketers) on the micro level as well as effects on the macro level (energy exchange prices and market structure) of the energy market system.