Webinar: Market Design for a Meshed Offshore Energy Grid

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.

Date/time: 29th of April, 12:00 - 13:00 (CET)
Presenter: Laurens de Vries (Delft University of Technology)
Please register by sending us an email.