Project

Back to overview

FUTURE - Future Electricity Market Models

English title FUTURE - Future Electricity Market Models
Applicant Rausch Sebastian
Number 153967
Funding scheme NRP 70 Energy Turnaround
Research institution Centre for Energy Policy and Economics (CEPE) ETH Zürich
Institution of higher education ETH Zurich - ETHZ
Main discipline Economics
Start/End 01.04.2015 - 31.12.2018
Approved amount 431'997.00
Show all

Keywords (4)

Flexibility markets; Capacity markets; Market design; Future electricity markets

Lay Summary (German)

Lead
Um die Ziele der Energiestrategie 2050 zu erreichen wird ein signifikanter Wandel des heutigen Energiesystems notwendig sein. Die Auswirkungen dieser Transformation betreffen nicht nur den Energiesektor sondern die gesamte Volkswirtschaft der Schweiz. Das Projekt FUTURE hat zum Ziel, neue Marktmodelle für den Stromsektor zu entwickeln, welche die Umsetzung der Ziele der Energiestrategie 2050 begünstigen, und untersucht gleichzeitig deren Auswirkungen auf die Stromversorgung sowie die gesamte Volkswirtschaft.
Lay summary

Inhalt und Ziel des Forschungsprojekts

Die Energiestrategie 2050 verfolgt diverse Ziele: Die Reduktion von Energie- und insbesondere Stromverbrauch, ein höherer Anteil erneuerbarer Energien, den Ausstieg aus der Kernenergie sowie eine Reduktion der Treibhausgasemissionen. Um diese Ziele zu erreichen, werden signifikante Änderungen im gesamten Energiesystem und insbesondere im Strombereich notwendig sein.

FUTURE entwickelt neue Marktmodelle zur künftigen Stromversorgung der Schweiz in den Bereichen Verbrauch, Produktion, Netzwerke und Speicherung und analysiert, inwieweit das bestehende System sowie alternative Marktansätze zur Erreichung der Ziele der Energiestrategie 2050 beitragen. Insbesondere wird untersucht, wie Märkte aussehen müssen damit für Firmen Investitionsanreize bestehen, genügend Produktions- und Übertragungskapazität bereitzustellen, welche eine ausreichende zeitliche und räumliche Flexibilität gewährleisten. Dies ist notwendig, um Fluktuationen in der Produktion der erneuerbaren Energien sowie in der Nachfrage auszugleichen.

Diese neuen Modelle werden verglichen in Bezug auf technologische Machbarkeit, Auswirkungen auf den Stromsektor, volkswirtschaftliche Kosten und Nutzen sowie bezüglich ihres Beitrags zur Verwirklichung der Energiestrategie 2050.

Wissenschaftlicher und gesellschaftlicher Kontext

FUTURE ermöglicht es (i) neue Marktmodelle zu entwickeln, welche für die zweite Phase der Energiestrategie 2050 notwendig sein werden, (ii) deren Auswirkungen auf den Stromsektor sowie die gesamte Volkswirtschaft aufzuzeigen und (iii) mit den Unsicherheiten über künftige Entwicklungen (Marktumfeld, Technologiewandel, Wachstum, etc.) umzugehen. Die Bereitstellung dieser Resultate an relevante Akteure (Stromfirmen, andere Unternehmen, Haushalte, etc.) trägt dazu bei, einen politischen Konsens für den Strombereich der Energiestrategie 2050 zu finden.

Direct link to Lay Summary Last update: 26.09.2014

Responsible applicant and co-applicants

Employees

Publications

Publication
Buffering Volatility: Storage Investments and Technology-Specific RenewableEnergy Support
RauschSebastian, AbrellJan, StreitbergerClemens (2019), Buffering Volatility: Storage Investments and Technology-Specific RenewableEnergy Support, Center for Economic Research at ETH Zurich Working Paper, Zurich.
Carbon abatement with renewables: Evaluating wind and solar subsidies in Germany and Spain
Abrell Jan, Kosch Mirjam, Rausch Sebastian (2019), Carbon abatement with renewables: Evaluating wind and solar subsidies in Germany and Spain, in Journal of Public Economics, 169, 172-202.
The Economics of Renewable Energy Support.
RauschSebastian, AbrellJan, StreitbergerClemens (2018), The Economics of Renewable Energy Support., Center for Economic Research at ETH Zurich Working Paper, Zurich.
Cross-Country Electricity Trade, Renewable Energy and European Transmission Infrastructure Policy
Rausch Sebastian, Abrell Jan (2016), Cross-Country Electricity Trade, Renewable Energy and European Transmission Infrastructure Policy, in Journal of Environmental Economics and Management, 79, 87-113.
The Swiss Wholesale Electricity Market
Abrell Jan (2016), The Swiss Wholesale Electricity Market, SCCER CREST Working Paper, U Basel.

Collaboration

Group / person Country
Types of collaboration
University of Basel, WEIGT, Hannes, Prof. Dr. Switzerland (Europe)
- in-depth/constructive exchanges on approaches, methods or results
- Publication
ETH Zurich, Energy Science Center, SCHAFFNER, Christian, Dr. Switzerland (Europe)
- in-depth/constructive exchanges on approaches, methods or results
- Publication
Research Center for Energy Networks Switzerland (Europe)
- in-depth/constructive exchanges on approaches, methods or results
- Publication

Scientific events

Active participation

Title Type of contribution Title of article or contribution Date Place Persons involved
Energieforschungsgespräche Disentis Talk given at a conference Flexibilität im Schweizer Elektrizitätsmarkt 15.01.2019 Kloster Disentis, Switzerland Abrell Jan;
Atlantic Workshop on Energy Economics Talk given at a conference The economics of renewable energy support 01.06.2018 A Toxa, Spain Abrell Jan;
Research Seminar on Environment, Resource and Climate Economics Individual talk The economics of renewable energy support 01.05.2018 TU Berlin, Germany Abrell Jan;
FSR Climate Annual Conference Talk given at a conference The economics of renewable energy support and implications for policy design 01.11.2017 Florence, Italy Abrell Jan;
Future Electricity Markets between Liberalization and Regulation Talk given at a conference The Swiss Wholesale Electricity Market 01.09.2017 Winterthur, Switzerland Abrell Jan;
15th European International Association for Energy Economics Talk given at a conference The economics of renewable energy support 01.09.2017 Vienna, Austria Rausch Sebastian;
Mannheim Energy Conference Talk given at a conference Heterogeneity of Intermittent Energy Sources and Cost-effective Renewable Polices 01.05.2017 Mannheim, Germany Abrell Jan;
Swiss Association for Energy Economics Conference Talk given at a conference Cross-Country Electricity Trade, Renewable Energy and Transmission Infrastructure Policy 01.02.2016 Lausanne, Switzerland Abrell Jan;
ESC Workshop "Frontiers in Energy Systems Modelling", ETH Zurich, Talk given at a conference Examples of Applications in Hybrid Energy-Economy Modelling 19.11.2015 Zürich, Switzerland Rausch Sebastian;
European Association of Environmental and Resource Econom-ics, Helsinki, June 2015 Talk given at a conference Cross-Country Electricity Trade, Renewable Energy and European Transmission Infrastructure Policy 16.06.2015 Helsinki, Finland Abrell Jan;
SSES Annual Meeting, June 2015 Talk given at a conference Cross-Country Electricity Trade, Renewable Energy and European Transmission Infrastructure Policy 09.06.2015 Basel, Switzerland Abrell Jan;
SSES Annual Meeting Talk given at a conference Cross-Country Electricity Trade, Renewable Energy and Transmission Infrastructure Policy 01.06.2015 Basel, Switzerland Abrell Jan;
Korean Environment Institute, United Nations Environment Programme, Jeju Island, March 2015 Talk given at a conference Examples of Large-Scale Applications in Hybrid Energy-Economy Modeling 06.04.2015 Jeju , Korean Republic (South Korea) Rausch Sebastian;
Workshop Kapazitätsmärkte, ZAHW, January 2015 Talk given at a conference Cross-Country Electricity Trade, Renewable Energy and European Transmission Infrastructure Policy 06.04.2015 Winterthur, ZHAW, Switzerland Abrell Jan;


Knowledge transfer events

Active participation

Title Type of contribution Date Place Persons involved
ESC Workshop «Frontiers in Energy Systems Modelling» Talk 19.11.2015 Zürich, Switzerland Rausch Sebastian;


Abstract

To achieve the long-term goals of the Energy Strategy 2050 (ES2050) of reduced energy and electricity consumption, a higher share of renewable energy sources, a phase-out of nuclear power, and lowered carbon dioxide emissions, a significant restructuring of the current Swiss energy system is needed. While comprehensive energy policy measures addressing various aspects of energy supply and demand in all sectors of the economy are needed, it is clear that the required transition of the energy system is not conceivable without significant changes in the electricity sector. Given the current electricity system as well as specific regional and resource characteristics of Switzerland, a fundamental question is how the future Swiss electricity system (load, generation, network, storage) will and/or should look like to be consistent with the goals of the ES2050.The main objective of FUTURE is to identify and evaluate the performance of alternative designs for future electricity markets, including a continuation of the current market setting, in terms of their ability to meet the challenges created by the targets set in the Energy Strategy 2050. In particular, FUTURE explores the question of how possible future market environments should be designed (i) to ensure adequate investment incentives for generation and transmission capacity and (ii) to guarantee sufficient temporal and spatial flexibility of power generation in light of fluctuations brought about by intermittent renewable energy sources and demand. It will compare and evaluate alternative institutional settings in terms of their technological feasibility, electricity sector impacts, economic cost and benefits, and overall consistency with the goals of the ES2050. FUTURE will be essential (i) to gain fundamental insights into the question of what future market models will be required in Switzerland for the second phase of the ES2050, (ii) to uncover both the electricity sector and macro-economic impacts of a future electricity system that meets the long-term goals of the ES2050, (iii) to handle the uncertainty about the future development (market design, technological change, economic growth etc.), and (iv) to help establish a social and political consensus for the ES2050 by providing detailed and relevant impact analysis to stakeholders (e.g., electricity firms, non-electricity sectors, households).
-