Browsing by Author "Vries, Laurens de"
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- Characterization of new flexible players: Deliverable D3.2Publication . Chrysanthopoulos, Nikolaos; Papadaskalopoulos, Dimitrios; Strbac, Goran; Schimeczek, Christoph; Kochems, Johannes; Vries, Laurens de; Sanchez, Ingrid; Algarvio, Hugo; Couto, António; Pinto, Tiago; Hernandez-Serna, Ricardo; Johanndeiter, Silke; Estanqueiro, AnaABSTRACT: The subject matter of this report is the analysis of the electricity markets’ actors’ scene, through the identification of actor classes and the characterisation of actors from a behavioural and an operational perspective. The technoeconomic characterization of market participants aims to support the upcoming model enhancements by aligning the agent-based model improvements with the modern market design challenges and the contemporary characteristics of players. This work has been conducted in the context of task T3.2, which focuses on the factorization of the distinctive operational and behavioural characteristics of players in market structures. Traditional parties have been considered together with new and emerging roles, while special focus has been given on new actors related to flexible technologies and demand-side response. Among the main objectives have been the characterization of individual behaviours, objectives and requirements of different electricity market players, considering both the traditional entities and the new distributed ones, and the detailed representation of the new actors.
- Decarbonization of electricity systems in Europe: market design challengesPublication . Strbac, Goran; Papadaskalopoulos, Dimitrios; Chrysanthopoulos, Nikolaos; Estanqueiro, Ana; Algarvio, Hugo; Lopes, Fernando; Vries, Laurens de; Morales-España, Germán; Sijm, Jos; Hernandez-Serna, Ricardo; Kiviluoma, Juha; Helistö, NiinaABSTRACT: Driven by climate change concerns, Europe has taken significant initiatives toward the decarbonization of its energy system. The European Commission (EC) has set targets for 2030 to achieve at least 40% reduction in greenhouse gas emissions with respect to the 1990 baseline level and cover at least 32% of the total energy consumption in the European Union (EU) through renewable energy sources, predominantly wind and solar generation. However, these technologies are inherently characterized by high variability, limited predictability and controllability, and lack of inertia, significantly increasing the balancing requirements of the system with respect to historical levels. The flexibility burden is currently carried by flexible fossil-fueled conventional generators (mainly gas), which are required to produce significantly less energy (as low operating cost and CO2-free renewable and nuclear generation are prioritized in the merit order) and operate part loaded with frequent startup and shut-down cycles, with devastating effects on their cost efficiency.
- Design of ancillary service markets and products: Challenges and recommendations for EU renewable power systems: Deliverable D3.3Publication . van der Welle, Adriaan; Morales-España, Germán; Sijm, Jos; Serna, Ricardo Hernandez; Kochems, Johannes; Couto, António; Algarvio, Hugo; Kiviluoma, Juha; Vries, Laurens de; Estanqueiro, AnaABSTRACT: The overall objective of the current study is to analyse the implications of the transition towards a renewable, climate-neutral power system in the EU for the demand and supply of ancillary services (AS) of this system in general and for the market design and related EU regulation of these services in particular. The study focuses predominantly on electricity balancing services (‘frequency control’). However, other ancillary services – not ably reactive power services (‘voltage control’) and system restoration services (‘black start’) – are, to some extent, considered as well. More specifically, the study analyses in particular (i) the current situation (‘base case’) of ancillary (electricity balancing) services in the EU, (ii) the future situation (‘towards a 100% renewable EU power system’) of these services, and (iii) the major challenges and recommendations for the main ancillary services markets in the EU in order to improve the performance of these markets in the coming years, i.e. up to 2030 and beyond.
- Market design for a reliable ~100% renewable electricity system: Deliverable D3.5Publication . Morales-España, Germán; Algarvio, Hugo; Vries, Laurens de; Faia, Ricardo; Hernandez-Serna, Ricardo; Johanndeiter, Silke; Couto, António; José, Débora Regina S.; Papadaskalopoulos, Dimitrios; Lopes, Fernando; Strbac, Goran; Sanchez, Ingrid; Kochems, Johannes; Helistö, Niina; Chrysanthopoulos, Nikolaos; Estanqueiro, AnaABSTRACT: The goal of this report is to identify in which respects the design and regulation of electricity markets needs to be improved in order facilitate a (nearly) completely decarbonized electricity system. It provides a basis for scoping the modeling analyses that are to be performed in subsequent work packages in the TradeRES project. These simulations will provide the basis for an update of this deliverable in the form of a more precise description of an all-renewable electricity market design. In this first iteration1 of deliverable 3.5, we analyze how the current design of electricity markets may fall short of future needs. Where there is a lack of certainty about the best market design choices, we identify alternative choices. Alternatives may concern a choice between policy intervention and no intervention or different intervention options. Section 2 outlines current European electricity market design and the key pieces of European legislation that underlie it. The European target model is zonal pricing with bidding zones that are defined as geographic areas within the internal market without structural congestion. That implies that within one bidding zone electricity can be traded without considering grid constraints and there are uniform wholesale prices in each zone. The main European markets are Nordpool, EPEX and MIBEL. Trading between zones in the European Price Coupling Region occurs through an implicit auction where price and quantity are computed for every hour of the next day, using EUPHEMIA, a hybrid algorithm for flowbased market coupling that is considered the best practice in Europe at this time.
- Market design for a reliable ~100% renewable electricity system : Deliverable D3.5Publication . Algarvio, Hugo; Vries, Laurens de; Johanndeiter, Silke; Santos, Gabriel; Ribó-Pérez, David; Sijm, Jos
- New actor types in electricity market simulation models: Deliverable D4.4Publication . Machado, Ana Rita; Couto, António; Schimeczek, Christoph; Qiu, Dawei; José, Débora Regina S.; Papadaskalopoulos, Dimitrios; Strbac, Goran; Algarvio, Hugo; Sanchez, Ingrid; Kochems, Johannes; Nienhaus, Kristina; Vries, Laurens de; Chrysanthopoulos, Nikolaos; Pinto, Tiago; Estanqueiro, Ana; Cvetkovic, MilosABSTRACT: The modelling of agents in the simulation models and tools is of primary importance if the quality and the validity of the simulation outcomes are at stake. This is the first version of the report that deals with the representation of electricity market actors’ in the agent based models (ABMs) used in TradeRES project. With the AMIRIS, the EMLab-Generation (EMLab), the MASCEM and the RESTrade models being in the centre of the analysis, the subject matter of this report has been the identification of the actors’ characteristics that are already covered by the initial (with respect to the project) version of the models and the presentation of the foreseen modelling enhancements. For serving these goals, agent attributes and representation methods, as found in the literature of agent-driven models, are considered initially. The detailed review of such aspects offers the necessary background and supports the formation of a context that facilitates the mapping of actors’ characteristics to agent modelling approaches. Emphasis is given in several approaches and technics found in the literature for the development of a broader environment, on which part of the later analysis is deployed. Although the ABMs that are used in the project constitute an important part of the literature, they have not been included in the review since they are the subject of another section.
- New market designs in electricity market simulation models: Deliverable D4.5Publication . Couto, António; Papadaskalopoulos, Dimitrios; Strbac, Goran; Algarvio, Hugo; Sanchez, Ingrid; Kochems, Johannes; Nienhaus, Kristina; Vries, Laurens de; Cvetkovic, Milos; Chrysanthopoulos, Nikolaos; Johanndeiter, Silke; Schimeczek, Christoph; Estanqueiro, Ana; Lopes, FernandoABSTRACT: To integrate a high share of renewables in a future system, several modifications to the electricity market rules may need to be implemented. The most relevant market design concepts were identified from the literature and reported in work package 3. There are several uncertainties, for instance with respect to the questions of whether a future electricity market will provide enough incentives for investment in variable renewable energy sources (vRES) – mainly solar and wind energy – and in flexibility options, especially for long periods with insufficient vRES generation. In this deliverable, the modelling requirements to analyse the new market rules are determined. The modelling efforts will reflect the main policy choices and are based on the strengths of the modelling capabilities from the consortium. The model enhancements to represent the temporal, spatial and sectoral flexibility will be approached in deliverables 4.1 to 4.3. For this reason, these topics will be described only briefly in this deliverable.
- Open-access tool of linked electricity market models: Deliverable D4.8Publication . Rinne, Erkka; Schimeczek, Christoph; Algarvio, Hugo; Santos, Gabriel; Cvetkovic, Milos; Jimenez, Ingrid Sanchez; Vries, Laurens de; Serna, Ricardo Hernandez; Morales-España, Germán; Sijm, Jos; Estanqueiro, AnaABSTRACT: For a holistic understanding and simulation of the energy markets, many different aspects need to modelled properly. Often no single modelling tool offers the whole picture, but a combination of methods needs to be used. A model linkage platform has been chosen previously and this deliverable describes the integration of the modelling tools used in TradeRES to the linking application, Spine Toolbox. Spine Toolbox was used to build data processing and execution workflows around the energy system modelling tools Backbone, AMIRIS, EMLab, COMPETES, RESTrade and MASCEM. The aim is to integrate selected tools together for answering the research questions in the TradeRES project. The integrations of individual tools and some combinations are described in this document. Mostly, the work is still in progress. Also, a common database to serve the case studies has been created, but populating the database with scenario data is still in progress. A common data model to serve all the modelling tools has been created and the database is implemented using Spine Toolbox.
- Performance assessment of current and new market designs and trading mechanisms for national and regional markets : Deliverable D5.3Publication . Estanqueiro, Ana; Couto, António; Sperber, Evelyn; Santos, Gabriel; Strbac, Goran; Algarvio, Hugo; Jimenez, Ingrid Sanchez; Kochems, Johannes; Sijm, Jos; Nienhaus, Kristina; Vries, Laurens de; Wang, Ni; Chrysanthopoulos, Nikolaos; Gregorio, Noelia Martin; Carvalho, Rui; Faia, Ricardo; Vale, Zita
- Performance indicators: quantification of market performance: Deliverable D5.1Publication . Couto, António; Schimeczek, Christoph; Morales-España, Germán; Strbac, Goran; Algarvio, Hugo; Sanchez, Ingrid; Kochems, Johannes; Nienhaus, Kristina; Vries, Laurens de; Helistö, Niina; Chrysanthopoulos, Nikolaos; Hernandez-Serna, Ricardo; Johanndeiter, Silke; Pinto, Tiago; Estanqueiro, AnaABSTRACT: The present deliverable was developed as part of the research activities of the TradeRES project Task 5.1 – Performance indicators: quantification of market performance. This report presents the first version of the deliverable 5.1, which provides a list of the (key) market performance indicators (MPIs) that will be used to assess the impact of elec tricity market designs developed and tested in the TradeRES project. In specific, these indicators will be used in the case studies to assess and quantify the performance of the market designs that were developed in WP3. The foreseen recommendations regarding the evolution of the market design considering a ~100% renewable power system and the dissemination activities will also focus on the performance obtained for the different MPIs. As a first step to defining the TradeRES’ MPIs, internal information was analysed, namely, the objectives and the research questions addressed by the project. To complement this information, several ongoing and completed European projects have been reviewed. For the definition of MPIs, a template was created. The template comprises basic information such as the name and acronym of the MPI, its calculation methodology and optimal value. A total of 48 MPIs were identified, and all were classified into four different group domains identified: technical, economic, environmental and social. The goal of such classification is to facilitate filtering and finding the MPIs of particular interest for the reader.