Market Design for Renewable Energy Dissemination

Jun Maekawa; Koji Shimada

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Paper

Market Design for Renewable Energy Dissemination

Topics: Green Computing Models, Methodologies and Paradigms; Green Software Engineering Methodologies and Tools

In Proceedings of the 7th International Conference on Smart Cities and Green ICT Systems SMARTGREENS - Volume 1, 320-324, 2018 , Funchal, Madeira, Portugal

Authors: Jun Maekawa and Koji Shimada

Affiliation: Ritsumeikan University, Japan

Keyword(s): Electricity Market, Renewable, Economics, Mechanism Design, Finance.

Related Ontology Subjects/Areas/Topics: Energy and Economy ; Green Computing Models, Methodologies and Paradigms ; Green Software Engineering Methodologies and Tools ; Sustainable Computing and Communications

Abstract: Renewable energy has less environmental impact and little marginal cost. Due to this nature, it is desirable to disseminate it from the viewpoint of economic efficiency. On the other hand, because of the uncertainty of the supply of renewable energy and the specialty of electricity as goods, it is difficult to achieve efficient allocation even if the normal competitive market is applied as it is. Problems such as how to secure power capacity and how to deal with the risk of power outage are concerned in European countries that have already adopted measures to cope with these problems in practice. These problems suggest that a new market design is required for the power market.

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Paper citation in several formats:

Maekawa, J. and Shimada, K. (2018). Market Design for Renewable Energy Dissemination. In Proceedings of the 7th International Conference on Smart Cities and Green ICT Systems - SMARTGREENS; ISBN 978-989-758-292-9; ISSN 2184-4968, SciTePress, pages 320-324. DOI: 10.5220/0006786703200324

@conference{smartgreens18,
author={Jun Maekawa. and Koji Shimada.},
title={Market Design for Renewable Energy Dissemination},
booktitle={Proceedings of the 7th International Conference on Smart Cities and Green ICT Systems - SMARTGREENS},
year={2018},
pages={320-324},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006786703200324},
isbn={978-989-758-292-9},
issn={2184-4968},
}

TY - CONF

JO - Proceedings of the 7th International Conference on Smart Cities and Green ICT Systems - SMARTGREENS
TI - Market Design for Renewable Energy Dissemination
SN - 978-989-758-292-9
IS - 2184-4968
AU - Maekawa, J.
AU - Shimada, K.
PY - 2018
SP - 320
EP - 324
DO - 10.5220/0006786703200324
PB - SciTePress