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Integrating Renewable Energy Sources In A Liberalized Electricity Market

Author

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  • Atanas Georgiev

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

Abstract

During the liberalization of the national electricity markets in the European Union, the energy market faces new challenges related to the increasing share of renewables in the mix. The rise of renewable energy sources and their participation in the wholesale markets through power exchanges and bilateral contracts lead to lower prices and intermittency of the system loads. This report explores the current challenges and outlines some new regulatory mechanisms for ensuring the seamless inclusion of renewable energy in the electricity market. The model of “contracts for difference” is proposed as a measure to improve the outcomes in the European electricity market.

Suggested Citation

  • Atanas Georgiev, 2018. "Integrating Renewable Energy Sources In A Liberalized Electricity Market," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 16(1), pages 115-123, December.
    • Handle: RePEc:sko:yrbook:v:16:y:2018:i:1:p:115-123
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    File URL: http://www.feba.uni-sofia.bg/sko/yrbook/Yearbook16-06.pdf
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    Cited by:

    1. Dimitar Zlatinov & Nedko Kosev & Stoyan Shalamanov, 2022. "Regional Electricity Trade in South East Europe – Findings from a Panel Structural Gravity Model," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 8, pages 3-18.

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