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RenewablePortfolio TERMINATED

Market player’s optimal scheduling under integrating renewables in European electricity markets

Total Cost €


EC-Contrib. €






 RenewablePortfolio project word cloud

Explore the words cloud of the RenewablePortfolio project. It provides you a very rough idea of what is the project "RenewablePortfolio" about.

participant    phenomena    multiple    parts    demand    2020    innovative    bidding    peak    lowest    tool    scales    hours    dynamic    pricing    companies    launched    electric    environment    deregulation    countries    highest    supply    aftermath    network    forecasts    strategic    wind    stochastic    players    prices    look    global    hedging    feasible    energy    renewable    price    keeping    incorporating    strategy    generating    capacity    output    gas    responsible    industry    portion    retail    greenhouse    operators    opportunity    grid    markets    units    options    acting    functioning    compete    levels    embracing    volatility    power    methodology    player    permanently    worldwide    industrialized    optimization    consumers    emissions    area    serving    managers    electrical    transmission    changing    balance    productions    market    competitive    mainly    providers    electricity    portfolio    time    generation    solar    profit    optimize    depends    decline    environmental   

Project "RenewablePortfolio" data sheet

The following table provides information about the project.


Organization address
postcode: 2800

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Denmark [DK]
 Total cost 200˙194 €
 EC max contribution 200˙194 € (100%)
 Programme 1. H2020-EU.1.3.2. (Nurturing excellence by means of cross-border and cross-sector mobility)
 Code Call H2020-MSCA-IF-2014
 Funding Scheme MSCA-IF-EF-ST
 Starting year 2015
 Duration (year-month-day) from 2015-09-01   to  2017-08-31


Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 


 Project objective

Market player portfolio optimization has become an important area of research in the aftermath of the worldwide deregulation of the power industry that launched competitive electricity markets now embracing all market participant including generation and retail companies, transmission network providers, and market managers. Development of the innovative methodology for the strategic market behaviour is highly required by all electricity market parts under permanently changing market conditions. For example, generating companies acting on the market compete with each other in serving the consumers' demand and have the opportunity to optimize the use of their production portfolio by pricing and bidding their available production capacity into the market. On the other hand, demand-side participants look for feasible options to avoid the high electricity market prices during peak hours. Production levels and price forecasts are of great importance for system operators, who are responsible for keeping the grid in balance. Environmental challenges bring new requirements for market parts acting in European electricity markets. The European Strategy 2020 aims to decline global greenhouse gas emissions in most industrialized European countries. Electric energy systems are currently functioning with an increasing portion of the renewable energy productions (e.g. wind, solar based units) whose output depends on stochastic phenomena and contribute to uncertainty in electrical energy systems. The novel methodology is developed for both supply and demand side market players acting in multiple electricity markets of different time scales to have an opportunity to optimize their portfolio by bidding or hedging against market volatility in order to get the highest possible profit or the lowest cost under stochastic dynamic market environment. The project results in the implementation of the operational tool for energy systems incorporating mainly stochastic renewable production.

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The information about "RENEWABLEPORTFOLIO" are provided by the European Opendata Portal: CORDIS opendata.

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lastchecktime (2022-09-26 13:06:44) correctly updated