proportion of their electricity supply obtained from renewable sources. The main objective of this paper is to investigate the … affects generation of electricity from renewable resources, and from carbon emitting resources, in the same way as it is … that TGCs may be an imprecise instrument for regulating the generation of green electricity and that the combination of …

electricity market as the producers of green electricity are also suppliers of Green Certificates. In this paper, we formulate an … analytic equilibrium model for simultaneously functioning electricity and Green Certificates markets, and focus on the role of … market for Green Certificates and the electricity market as separate markets; and a Nash-Cournot game with endogenous …