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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 €

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EC-Contrib. €

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Partnership

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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. PT (S.Mamede de infesta) coordinator 651˙860.00
2    DEUTSCHES ZENTRUM FUER LUFT - UND RAUMFAHRT EV DE (KOELN) participant 485˙391.00
3    TECHNISCHE UNIVERSITEIT DELFT NL (DELFT) participant 411˙983.00
4    Teknologian tutkimuskeskus VTT Oy FI (Espoo) participant 382˙410.00
5    INSTITUTO SUPERIOR DE ENGENHARIA DO PORTO PT (PORTO) participant 376˙875.00
6    BITYOGA AS NO (STAVANGER) participant 375˙000.00
7    IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE UK (LONDON) participant 358˙342.00
8    NEDERLANDSE ORGANISATIE VOOR TOEGEPAST NATUURWETENSCHAPPELIJK ONDERZOEK TNO NL (DEN HAAG) participant 356˙600.00
9    ENBW ENERGIE BADEN-WURTTEMBERG AG DE (KARLSRUHE) participant 352˙750.00
10    SMARTWATT - ENERGY SERVICES SA 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.

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