Zertifikate im Markt der Erneuerbaren Energien in Deutschland

Defining a day-ahead spot market for unbundled time-specific renewable energy certificates

“…Oppositely, Schaeffer & Sonnemans (2000) [22] add that unlimited banking could lead suppliers to coordinate on higher prices. More recently, Leprich et al (2015) [6] collect ideas for remodelling existing market structures to improve green power marketing and time-specific trade in ¼-hour granularity. Lemming (2003) [23] scrutinises the traditional REC-quota system for wind power and sheds light on resulting risk exposure and risk-premiums.…”

“…In fact, time-specific information on Patrick Jochem, Wolf Fichtner Institute for Industrial Production (IIP) Chair of Energy Economics Karlsruhe Institute of Technology (KIT) Karlsruhe, Germany green power availability is currently not accessible to the demand side. Retailers that aim to provide green power from predominantly fluctuating wind and solar powernot only to PEVrequire time-specific signals to incentivise shifting of demand, in order to promote consumption at times of abundant renewable supply [6,7].…”

“…In a macro-economic context, European REC (or Guarantees of Origin) were introduced to capture consumers' additional valuation for sustainable electricity [8]. They are registered and monitored at national databases and traded once a week within the international European Energy Certificate System (EECS) [6]. The traditional (or old) REC-market (oRM) is generally criticised for lacking transparency ("greenwashing") but also for its economic ineffectiveness [9].…”