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Modeling of a green certificate market

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  • Marchenko, O.V.

Abstract

The paper considers one of the economic mechanisms, stimulating the introduction of renewable energy sources (RES)—a green certificate market. A mathematical model was developed to describe a supply and demand balance in the electricity and green certificate markets simultaneously. The sellers of certificates are RES owners, who obtain certificates for each unit of electricity produced, and the buyers are consumers, who are obliged by law to buy a certain share of this electricity.

Suggested Citation

  • Marchenko, O.V., 2008. "Modeling of a green certificate market," Renewable Energy, Elsevier, vol. 33(8), pages 1953-1958.
    • Handle: RePEc:eee:renene:v:33:y:2008:i:8:p:1953-1958
    DOI: 10.1016/j.renene.2007.09.026
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    References listed on IDEAS

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    Cited by:

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    12. De Jonghe, Cedric & Delarue, Erik & Belmans, Ronnie & D'haeseleer, William, 2009. "Interactions between measures for the support of electricity from renewable energy sources and CO2 mitigation," Energy Policy, Elsevier, vol. 37(11), pages 4743-4752, November.
    13. Xin-gang, Zhao & Ling-zhi, Ren & Yu-zhuo, Zhang & Guan, Wan, 2018. "Evolutionary game analysis on the behavior strategies of power producers in renewable portfolio standard," Energy, Elsevier, vol. 162(C), pages 505-516.
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    15. Yaxin Tan & Zhiyu Xu & Weisheng Xu, 2022. "A Two-Phase Hybrid Trading of Green Certificate under Renewables Portfolio Standards in Community of Active Energy Agents," Energies, MDPI, vol. 15(19), pages 1-17, September.
    16. Giest, Sarah & Mukherjee, Ishani, 2018. "Behavioral instruments in renewable energy and the role of big data: A policy perspective," Energy Policy, Elsevier, vol. 123(C), pages 360-366.
    17. Helgesen, Per Ivar & Tomasgard, Asgeir, 2018. "An equilibrium market power model for power markets and tradable green certificates, including Kirchhoff's Laws and Nash-Cournot competition," Energy Economics, Elsevier, vol. 70(C), pages 270-288.
    18. Pineda, Salvador & Bock, Andreas, 2016. "Renewable-based generation expansion under a green certificate market," Renewable Energy, Elsevier, vol. 91(C), pages 53-63.
    19. Javad Khazaei & Michael Coulon & Warren B. Powell, 2017. "ADAPT: A Price-Stabilizing Compliance Policy for Renewable Energy Certificates: The Case of SREC Markets," Operations Research, INFORMS, vol. 65(6), pages 1429-1445, December.
    20. Orestis Delardas & Panagiotis Giannos, 2022. "Towards Energy Transition: Use of Blockchain in Renewable Certificates to Support Sustainability Commitments," Sustainability, MDPI, vol. 15(1), pages 1-16, December.
    21. Pineda, Salvador & Boomsma, Trine K. & Wogrin, Sonja, 2018. "Renewable generation expansion under different support schemes: A stochastic equilibrium approach," European Journal of Operational Research, Elsevier, vol. 266(3), pages 1086-1099.

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