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Electricity Markets

Electricity Markets. ET2105 Electrical Power System Essentials. Dr.ir. Pieter Schavemaker. Concepts of The E-market. Possible and desirable to separate the transportation from the thing transported Electricity  product Transmission  service. E-market  Other Markets.

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Electricity Markets

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  1. Electricity Markets ET2105 Electrical Power System Essentials Dr.ir. Pieter Schavemaker Electrical Power System Essentials

  2. Concepts of The E-market • Possible and desirable to separate the transportation from the thing transported • Electricity  product • Transmission  service Electrical Power System Essentials

  3. E-market  Other Markets • Buyers and sellers agree on a price • 1 Big difference:Electricity cannot be stored in large quantities  impact on prices • Factors that complicate the ‘product’ • Electricity cannot be labelled • Power flows cannot be controlled by financial instruments Electrical Power System Essentials

  4. Organization system services transmission & distribution primary energy production consumption trade import export Electrical Power System Essentials

  5. PX – Power eXchangeDAM – Day Ahead Market Electrical Power System Essentials

  6. Market Clearing MCP MCV Electrical Power System Essentials

  7. APX Electrical Power System Essentials

  8. The Single Electricity Market Goal: Maximize the social welfare in Europe Electrical Power System Essentials

  9. Social Welfare DE NL Price Price supply demand PNL demand supply PDE QDE Quantity QNL Quantity Social welfare = benefits of the buyers - costs of the sellers Electrical Power System Essentials

  10. Increase the Social Welfareby Import and Export Net export curve Price PDE* PDE PDE Import QDE* Export QDE DE: export Price demand supply Quantity Electrical Power System Essentials

  11. Increased Social Welfareby Import and Export Price NL DE P* NL Import Q* Export Export Import Electrical Power System Essentials

  12. If the Interconnector Capacity is not Sufficient . . . PNL* PDE* Price DE NL Import Export Q* = ATC Export Import Electrical Power System Essentials

  13. Congestion management Electrical Power System Essentials

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