{"title":"Model based evaluation of electricity network investments with regional importance","authors":"A. Mezősi, L. Szabó","doi":"10.1109/EEM.2014.6861254","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861254","url":null,"abstract":"The paper analyses the complex welfare impacts of proposed transmission investments in the Central Eastern Europe (CEE) region with the application of the EEMM electricity model. This assessment is made at regional level, as new transmission lines have significant spill-over effects over third countries. We carry out a cost-benefit assessment (CBA) focused on the CEE region and demonstrate, that the EEMM model is a suitable tool to carry out such assessment. Using a simplified cost-benefit analysis - limited by the available information on the projects - we mimic the process of identifying those transmission lines that increase the regional welfare the most. Our results indicate that new infrastructure elements cause significant and asymmetric wealth redistribution among group of stakeholders and between countries as well. Interactions between planned transmission line developments must be identified, as they could significantly change the benefits of those lines connecting the interlinked markets.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"404 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122943648","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Operation planning of hydro stations using genetic algorithms considering their impact on the electricity market prices","authors":"C. Guerreiro, J. Saraiva, J. Sousa, V. Mendes","doi":"10.1109/EEM.2014.6861210","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861210","url":null,"abstract":"With the advent of restructuring, generation companies have to plan the operation of their stations in order to maximize their profits. This is very relevant for companies having a large share of hydro stations, and even more if these stations have pumping capacity. This paper describes a model to plan the operation of a set of hydro stations eventually installed in cascade and admitting that some of them are pumping stations. Once a first set of operation orders is obtained using a Genetic Algorithm, their generation/load values are included in the expected market selling/buying curves and the hourly prices are updated. These prices are then used to refine the operation orders originating an iterative process so that hydro stations are price makers. The paper includes results for a hydro system in order to illustrate the application of the developed approach.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131480782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Athanasios Troupakis, Maria Vrakopoulou, Farzaneh Abbaspourtorbati, G. Andersson, M. Zima
{"title":"Market clearing framework for an integrated market for manually activated control reserves and redispatch in Switzerland","authors":"Athanasios Troupakis, Maria Vrakopoulou, Farzaneh Abbaspourtorbati, G. Andersson, M. Zima","doi":"10.1109/EEM.2014.6861298","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861298","url":null,"abstract":"A core function of each Transmission System Operator is the procurement of Ancillary Services (AS) necessary for a stable and reliable operation of the system. This paper presents the basis of a new market design in self-scheduling market structures, that is to be implemented in the future. The new design aims at an optimal deployment of manually activated AS products for a secure and balanced operation of the transmission network. Such products are currently being activated for different operational goals, although they have common technical characteristics. Possible positive outcomes from the establishment of such a market would be to combine the advantages of various products, eliminate arbitrage possibilities and have one common and liquid marketplace. To this end, a Security Constrained Optimal Power Flow was invoked, able to also accommodate consideration of uncertainties. The developed algorithm was used to evaluate specific cases in the Swiss power system.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127496738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A continuous intraday trading model in a CACM FG compliant world","authors":"A. Marien, P. Luickx, A. Tirez","doi":"10.1109/EEM.2014.6861242","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861242","url":null,"abstract":"The paper looks upon a possible way of designing a continuous trade intraday market in Europe, in accordance with the Capacity Allocation and Congestion Management (CACM) Framework Guideline (FG). The sequential approach of a purely continuous trading is shown to limit optimal trading in the intraday market. Automatic Matching (AM) of trades is proposed to solve this problem and to allow pricing of (cross-zonal) transmission capacity. The model presented in this paper proposes a combination of continuous trading and auctions: in case of congestions auctions are applied. The automatic matching process can be used to match multiple bids/asks located in different bidding zones, applying flow-based constraints as well as to match hourly products with several types of sophisticated products.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123969501","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
W. Nijs, S. Simoes, Pablo Ruiz, A. Sgobbi, C. Thiel
{"title":"Assessing the role of electricity storage in EU28 until 2050","authors":"W. Nijs, S. Simoes, Pablo Ruiz, A. Sgobbi, C. Thiel","doi":"10.1109/EEM.2014.6861273","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861273","url":null,"abstract":"The linear optimization bottom-up technology model JRC-EU-TIMES is used to assess the cost-effectiveness of electricity storage technologies in the EU28 energy system. The model represents the EU28 energy system from 2005 to 2050, where each country is one region. We model five scenarios, one of which is the \"reference\" and four decarbonized scenarios that include the 20-20-20 policy targets and a CO2 reduction of 40% and 85% below 1990 values in 2030 and 2050 respectively. The introduction of a CO2 cap leads in 2050 to a 25-50% share of total electricity that is variable. Up to 20% of this renewable variable electricity is stored in batteries and CAES storage technologies.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121490753","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Philipp Ringler, Andreas Bublitz, M. Genoese, W. Fichtner
{"title":"A model-based analysis of generation adequacy in interconnected electricity markets","authors":"Philipp Ringler, Andreas Bublitz, M. Genoese, W. Fichtner","doi":"10.1109/EEM.2014.6861202","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861202","url":null,"abstract":"In this paper, the development of an interconnected German and French electricity market until 2030 is analyzed by applying an agent-based simulation model for wholesale electricity markets. National day-ahead markets are modeled and coupled considering limited transmission capacities. The results show that coupling the German and French market areas is effectively contributing to balance extreme load situations. Furthermore, based on the endogenous investment planning, mainly new combined cycle gas turbine plants are installed in Germany and France. However, despite incentives for investors to install new generation capacity, the model results indicate that in the coming years few situations will occur in which the residual demand cannot be fully met. Given the static consideration of the hourly electricity demand, the exchange flows with other countries and hydroelectric plants with seasonally operated reservoirs in this paper, effects and interactions of these flexibility options on the electricity system need to be analyzed in more detail in future research.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"424 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122106010","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Prospects for biomass use in large power plants in the EU-27 and the role of Combined Heat and Power production","authors":"Mikko Wahlroos, Sam Cross, S. Syri","doi":"10.1109/EEM.2014.6861250","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861250","url":null,"abstract":"We present scenarios for bioenergy use in EU-27 countries for 2020. The basis is the National Renewable Energy Action Plans (NREAPs) submitted consequent to the 2009 EU Renewables directive. We limit our perspective to consideration of biomass use for electricity and heat. We have a particular emphasis on the realistic prospects of Combined Heat and Power (CHP) and its possibilities for increased primary energy efficiency. Furthermore, we present an overview of current progress of new bioenergy plants in Germany, United Kingdom, Poland, Belgium and Netherlands, and analyze the incentives needed for successful realization of large-scale bioenergy power plant projects. In this regard, we find that many European companies have cancelled their large-scale bioenergy projects due to lack of profitability and introduction of new RES support schemes. Our calculations show that using CHP, 12% less biomass is required to produce the same amount of heat and electricity targeted in NREAPs.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115139345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Investment focused strategies in electricity markets using the ITEM-Game simulator","authors":"António Ramalho, J. Sousa, P. Trigo","doi":"10.1109/EEM.2014.6861259","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861259","url":null,"abstract":"This paper presents a methodology to establish investment and trading strategies of a power generation company. These strategies are integrated in the ITEM-Game simulator in order to test their results when played against defined strategies used by other players. The developed strategies are focused on investment decisions, although trading strategies are also implemented to obtain base case results. Two cases are studied considering three players with the same trading strategy. In case 1, all players also have the same investment strategy driven by a market target share. In case 2, player 1 has an improved investment strategy with a target share twice of the target of players 2 and 3. Results put in evidence the influence of the CO2 and fuel prices in the company investment decision. It is also observed the influence of the budget constraint which might prevent the player to take the desired investment decision.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123528140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The changing decision patterns of the consumer in a decentralized smart grid","authors":"Mario Gstrein, S. Teufel","doi":"10.1109/EEM.2014.6861216","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861216","url":null,"abstract":"The well-regulated Swiss electricity market is subject to far-reaching transitions towards an intelligent network. These include a shift of responsibility, as the consumer comes to play an active role in electricity management. While previous research suggests that the consumer acts according to rational choice or non-cooperative game theory, this is not a sufficient justification for consumer decision-making in a socio-techno-logical environment. To this end, this empirical research elaborates on the decision-making patterns supported by the technological change. The findings suggest that to a certain extent, diffusion of decentralized generation and storage create new responsibilities for a micro trader apart from consumption. Central for trading is the “security of supply” value and any perceived gains and losses in the value outcome entails switching between risk-averse and risk-seeking behavior.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115479958","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Regulation in practice: Choice among regulatory Tools for the 11th international conference on the European energy market","authors":"Mehdi Bougnouch, A. Gautier","doi":"10.1109/EEM.2014.6861244","DOIUrl":"https://doi.org/10.1109/EEM.2014.6861244","url":null,"abstract":"In the European Union, each Member State has defined its own regulatory framework for electricity distribution. In this paper, we collect data on the regulation of electricity distribution for 24 European countries and we classify their regulatory method along two key dimensions: the cost-reimbursement rule (cost-recovery Vs. incentive regulation) and the cost-estimation rule (budget Vs. benchmark). We then look at the factors influencing the choice of a particular regulatory model.","PeriodicalId":261127,"journal":{"name":"11th International Conference on the European Energy Market (EEM14)","volume":"255 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122640384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}