market can be used to affect the entire electricity market. There are basically two reasons for being concerned with market … generation. The other is that withdrawal of a small number of TGCs implies a multiple reduction of electricity consumption, with … only Sweden has a TGC market but there is a common Nordic electricity market with free trade of electricity. The analysis …

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 …

interwoven in the electricity market as the producers of green electricity are also the suppliers of TGCs. In this paper, we … formulate an analytic equilibrium model for simultaneously functioning electricity and TGC markets, and focus on the role of … market power. We consider a Stackelberg leadership model with endogenous treatment of the interaction between the electricity …

We formulate a model with black, green and white certificates markets that function in conjunction with an electricity ….g. share of green electricity and share of energy saving/ efficiency increase.) The equilibrium solution adapts to changing …, or unchanged consumption of "black", "green" or "white" electricity. These, markets give thus a poor guidance for future …