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TradeRES SIGNED

Tools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems

Total Cost €

EC-Contrib. €

Partnership

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TradeRES project word cloud

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

investors simulation supply tools optimization respect markets performance sources network small energy unmanageable recovery world sufficient expenses capital mechanisms benchmark tested social market capacity quantitative renewable government optimal society swings demand innovative limited generators 100 industrial stakeholder models involve variability home price investment incentives aversion meets near households electricity actors wind groups negotiation environment share sustainable heating operators indicators phases efficient acceptability solar transport participation costly sectors exposed meet outcomes despite too consumers sophisticated generation risk calculation cooling will security power

Project "TradeRES" data sheet

The following table provides information about the project.

Coordinator	Laboratorio Nacional de Energia e Geologia I.P. Organization address address: Rua da Amieira city: S.Mamede de infesta postcode: 4466-901 website: n.a. 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	Portugal [PT]
Total cost	3˙988˙713 €
EC max contribution	3˙988˙712 € (100%)
Programme	1. H2020-EU.3.3.4. (A single, smart European electricity grid)
Code Call	H2020-LC-SC3-2019-ES-SCC
Funding Scheme	RIA
Starting year	2020
Duration (year-month-day)	from 2020-02-01 to 2024-01-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	Laboratorio Nacional de Energia e Geologia I.P. Laboratorio Nacional de Energia e Geologia I.P. Organization address address: Rua da Amieira city: S.Mamede de infesta postcode: 4466-901 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	PT (S.Mamede de infesta)	coordinator	651˙860.00
2	DEUTSCHES ZENTRUM FUER LUFT - UND RAUMFAHRT EV DEUTSCHES ZENTRUM FUER LUFT - UND RAUMFAHRT EV Organization address address: Linder Hoehe city: KOELN postcode: 51147 website: www.dlr.de contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DE (KOELN)	participant	485˙391.00
3	TECHNISCHE UNIVERSITEIT DELFT TECHNISCHE UNIVERSITEIT DELFT Organization address address: STEVINWEG 1 city: DELFT postcode: 2628 CN website: www.tudelft.nl contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	NL (DELFT)	participant	411˙983.00
4	Teknologian tutkimuskeskus VTT Oy Teknologian tutkimuskeskus VTT Oy Organization address address: VUORIMIEHENTIE 3 city: Espoo postcode: 2150 website: www.vtt.fi contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	FI (Espoo)	participant	382˙410.00
5	INSTITUTO SUPERIOR DE ENGENHARIA DO PORTO INSTITUTO SUPERIOR DE ENGENHARIA DO PORTO Organization address address: RUA DR ANTONIO BERNARDINO DE ALMEIDA 431 city: PORTO postcode: 4200-072 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	PT (PORTO)	participant	376˙875.00
6	BITYOGA AS BITYOGA AS Organization address address: PROFESSOR OLAV HANSSENS VEI 7 A city: STAVANGER postcode: 4021 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	NO (STAVANGER)	participant	375˙000.00
7	IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE Organization address address: SOUTH KENSINGTON CAMPUS EXHIBITION ROAD city: LONDON postcode: SW7 2AZ website: http://www.imperial.ac.uk/ contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	UK (LONDON)	participant	358˙342.00
8	NEDERLANDSE ORGANISATIE VOOR TOEGEPAST NATUURWETENSCHAPPELIJK ONDERZOEK TNO NEDERLANDSE ORGANISATIE VOOR TOEGEPAST NATUURWETENSCHAPPELIJK ONDERZOEK TNO Organization address address: ANNA VAN BUERENPLEIN 1 city: DEN HAAG postcode: 2595 DA website: www.tno.nl contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	NL (DEN HAAG)	participant	356˙600.00
9	ENBW ENERGIE BADEN-WURTTEMBERG AG ENBW ENERGIE BADEN-WURTTEMBERG AG Organization address address: DURLACHER ALLEE 93 city: KARLSRUHE postcode: 76131 website: www.enbw.com contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DE (KARLSRUHE)	participant	352˙750.00
10	SMARTWATT - ENERGY SERVICES SA SMARTWATT - ENERGY SERVICES SA Organization address address: Rua da constituição 2105, 2º BU city: Porto postcode: 4250-170 website: www.smartwatt.pt contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	PT (Porto)	participant	237˙500.00

Map

Project objective

Tools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power System

The objective of this project is to develop and test an innovative electricity market design that can meet society’s needs in a (near) 100% renewable power system. Such a long-term sustainable market design needs to provide efficient operational and investment incentives for an electricity system that is characterized by a high share of variable renewable energy sources, that is highly integrated with sectors such as home heating and cooling and transport, and needs to provide efficient incentives for the participation of all demand, from households to industrial consumers. It needs to provide security of supply by ensuring sufficient controllable electricity generation capacity without becoming too costly. And despite the variability of solar and wind energy the price risk must be limited: for investors, so the cost of capital does not become too high, and for consumers so they are not exposed to unmanageable swings in their energy expenses.

In this project, a market design will be developed that meets these objectives. It will be tested in a sophisticated simulation environment in which real-world characteristics such as actors’ limited foresight into the future and risk aversion are included. The performance of the market design - with respect to quantitative indicators such as security of supply, average costs to consumers and investment cost recovery - will be compared to a benchmark calculation of an optimal power system, which will also be developed in this project. We will involve representatives of all key stakeholder groups - consumers, large and small power generators, network operators and government in all phases of the process, in the market design as well as the development of the optimization and simulation models, in order to ensure the social acceptability of the research process and outcomes.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "TRADERES" project.

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