Many countries plan to increase the proportion of their electricity supply obtained from renewable sources relative to … for regulating the generation of green electricity. Furthermore, our analysis shows that the combination of TGCs with a …

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