Renewable Energy Challenges and Market Dynamics in a Renewables Dominated Power System: The Case of the German Power System

Abuzayed AIS, Liebensteiner M, Hartmann N (2024)

Publication Language: English

Publication Type: Conference contribution

Publication year: 2024

Publisher: Institute of Electrical and Electronics Engineers

Conference Proceedings Title: 2024 20th International Conference on the European Energy Market (EEM)

Event location: Istanbul TR

ISBN: 9798350381740

DOI: 10.1109/EEM60825.2024.10608895

Abstract

The massive addition of renewables poses various challenges to system operators. The success of the German energy transition relies heavily on the availability of flexibility in the energy system. This paper investigates the market challenges and opportunities of achieving climate neutrality by 2045 in Germany. The analysis shows that in the absence of adequate incentives for storage systems, investments in gas power plants as a bridging technology may be necessary to ensure a secure supply. However, the long-term feasibility of these plants, especially post 2045 is questionable and could lead to underinvestment. Overcapacities from solar affect the utilization of other renewables. Despite renewables solely covering the demand for nearly 4500 hours, they will not be enough to achieve system security. The significance of storage flexibility becomes pronounced. However, they only experience high deployment after 2035. The insights of this work are crucial for sustainable energy planning and market design.

Authors with CRIS profile

Anas Ishtaiwi Salman Abuzayed Juniorprofessur für Wirtschaftswissenschaften (Energiemärkte und Energiesystemanalyse) Mario Liebensteiner Juniorprofessur für Wirtschaftswissenschaften (Energiemärkte und Energiesystemanalyse)

Involved external institutions

Hochschule Offenburg DE Germany (DE)

How to cite

APA:

Abuzayed, A.I.S., Liebensteiner, M., & Hartmann, N. (2024). Renewable Energy Challenges and Market Dynamics in a Renewables Dominated Power System: The Case of the German Power System. In 2024 20th International Conference on the European Energy Market (EEM). Istanbul, TR: Institute of Electrical and Electronics Engineers.

MLA:

Abuzayed, Anas Ishtaiwi Salman, Mario Liebensteiner, and Niklas Hartmann. "Renewable Energy Challenges and Market Dynamics in a Renewables Dominated Power System: The Case of the German Power System." Proceedings of the 20th International Conference on the European Energy Market, EEM 2024, Istanbul Institute of Electrical and Electronics Engineers, 2024.

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