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Project
Balancing Market Designs for Market Power Mitigation in Interrelated Electricity Markets: An Agent-Based Approach (Ontwerp van een balanseringsmarkt om marktbeheersing in sterk verbonden elektriciteitsmarkten te reduceren: Een agent-gebaseerde modelleringsmeth
Continuing the liberalization trend of electricity sector within each Member States, the European energy regulations has advanced its subjects to the higher level of coordination between nations. Electricity is now in concerns of cross-border trading while Regional Initiatives establishment is the interim step for the target of one single European power market where national borders do not exist and all Europe markets is integrated and treated as a whole.
However, the national diversity and specific features of electricity sectors (network constraints, natural monopoly, deep specific assets, etc) create numerous obstacles for the process. An acceptable market design has to adequately solve the problems of network limited capacity, strategic behaviors of various participants and players, gaps between nations development and liberalization, conflicts among national objectives, etc In addition, the concern of energy crisis raises the question of stronger integrating renewable sources into the market which leads to more unpredictable and less controllable status of the generation. A perfect solution seems not exist or impossible to create. The best answer may be just an optimal combination or harmonization of different solutions for different problems.
This research aims at the problem of integrating electricity market via the aspect of market coupling (in which coordination mechanism among power exchanges could be the key concern) and the aspect of market design for a platform where different energy sources (especially intermittent ones) are taken into account in generation and to become profitable for the whole market (OPTIMATE R&D project). Especially, apart from the technical side, the research also focuses on the regulatory and economical aspects of markets where participants incentives and behaviors play very important roles to the markets performance and outcomes.
In summary, the research will start with the practice and analysis of existing coordination activities in European electricity sector (through the development of power exchanges, Regional Initiatives). The next part of the research will deal with the market designs based on modeling different components of the market from generation sources, transmission networks, trading mechanism, etcFinally, the analysis framework of strategic behaviors, decision making and regulatory efforts will provide an insight of the influence of non-technical problems on the process of European power market integration.
However, the national diversity and specific features of electricity sectors (network constraints, natural monopoly, deep specific assets, etc) create numerous obstacles for the process. An acceptable market design has to adequately solve the problems of network limited capacity, strategic behaviors of various participants and players, gaps between nations development and liberalization, conflicts among national objectives, etc In addition, the concern of energy crisis raises the question of stronger integrating renewable sources into the market which leads to more unpredictable and less controllable status of the generation. A perfect solution seems not exist or impossible to create. The best answer may be just an optimal combination or harmonization of different solutions for different problems.
This research aims at the problem of integrating electricity market via the aspect of market coupling (in which coordination mechanism among power exchanges could be the key concern) and the aspect of market design for a platform where different energy sources (especially intermittent ones) are taken into account in generation and to become profitable for the whole market (OPTIMATE R&D project). Especially, apart from the technical side, the research also focuses on the regulatory and economical aspects of markets where participants incentives and behaviors play very important roles to the markets performance and outcomes.
In summary, the research will start with the practice and analysis of existing coordination activities in European electricity sector (through the development of power exchanges, Regional Initiatives). The next part of the research will deal with the market designs based on modeling different components of the market from generation sources, transmission networks, trading mechanism, etcFinally, the analysis framework of strategic behaviors, decision making and regulatory efforts will provide an insight of the influence of non-technical problems on the process of European power market integration.
Datum:29 sep 2008 → 20 dec 2013
Trefwoorden:European Energy Regulation., Integrated European Electricity Market, Intermittent Energy Sources, Regional Initiatives, Power Exchange
Project type:PhD project