Analysis

Multi-market system – a hybrid market model designed to accommodate various defined transactions (market transactions, physical bilateral transactions and regulated transactions).

Electricity storage encompasses all technologies that can consume electricity (e.g., charge in times of oversupply) and return it later (e.g., discharge in times of undersupply).

Renewable energy refers to energy generated from a source that is not depleted when used

Green hydrogen is hydrogen produced by the electrolysis of water, using renewable electricity. Production of green hydrogen causes significantly lower greenhouse gas emissions than production of grey hydrogen, which is derived from fossil fuels without carbon capture.

Energy Availability Factor (EAF) = measure of generation performance, electricity available to be generated. EAF is the difference between the maximum availability and all unavailabilities expressed as a percentage

Dispatchable generation refers to sources of electricity that can be programmed on demand at the request of power grid operators, according to market needs. Dispatchable generators may adjust their power output according to an order.

Net Zero means cutting carbon emissions to a small amount of residual emissions that can be absorbed and durably stored by nature and other carbon dioxide removal measures, leaving zero in the atmosphere.

Nationally Determined Contributions are the commitments that countries make to reduce their greenhouse gas emissions as part of climate change mitigation.