The Benelux Association for Energy Economics (BAEE) warmly welcomes you to the webinar: 
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Market Design for a Meshed Offshore Energy Grid

by Laurens de Vries

Associate Professor, Faculty of Technology, Policy Management, Delft University of Technology

and

Coordinator European Energy Research Alliance Joint Programme on Energy Systems Integration

​Date: Thursday 29th April 2021, 12:00-13:00 (CET)

Renewable energy scenarios foresee a very large development of offshore wind in the North Sea, probably centered around several hubs that are connected to each other and to the mainland. The default regulation for pricing these hubs is that the onshore price zones are extended into the North Sea according to each country's Exclusive Economic Zone. However, this leads to significant discrepancies between market results and the physics of the system, resulting in flows from high to low price zones or unnecessary curtailment. Creating price zones at sea is more efficient, but if the wind parks are 'overplanted', i.e. their peak generation capacity is larger than the network capacity, this can lead to low revenues for the wind parks. Financial transmission rights and put options are possible solutions. A second benefit of price zones is that they may resolve the legal issue of the regulation of hybrid assets.

Click here for slides of the presention.

Webinar