Renewable resources in the electricity markets

Energy production using renewable resources has recently been one of the most important and highly debated topics in the world. Transformation of the global energy sector from fossil based to zero-carbon emissions has also been one of the ongoing world trends. Therefore, analyzing energy production from renewables has gained significant attention. In this paper, we analyze the energy production from renewable resources in electricity markets. Using publicly available Spanish day-ahead electricity market data we analyze the cost stucture and bidding strategy of the electricity producing plants using renewable resources.