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According to the Energy Policy of European Union, renewable energy sources (RES) should supply 80% of the total demand for electrical energy in the year 2050. Due to seasonal intermittency of these production technologies, large-scale penetration of energy storage can be expected. Power-to-Gas (PtG) technology offers a possibility for long-term storage of excess electricity, as well as other advantages...
The increasing share of renewable energies as well as the age structure of the thermal generation stack lead to big changes in the European energy system. This paper describes a method for determining market prices for electricity based on the cost-minimal European power plant dispatch and different mark-ups. Thus, the influences of these mark-ups on simulated prices are estimated. Exemplary results...
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