Market4RES: post-2020 framework for a liberalised electricity market with large share of Renewable Energy Sources

Abstract

Market4RES is a project that focuses on electricity market design to support a more efficient integration of renewable energy (RES-E) into the pan-European electricity system, in line with the 2020 objectives - and the forthcoming 2030 targets. In particular, the project aims at answering the question of whether the current design of the liberalised European market for electricity, the so-called Target Model (TM) which is expected to be fully implemented by 2015, provides sufficient investment incentives for RES post 2020 and how these incentives can be further attracted.