A Transparent Market Design for Balancing and Voltage Control Products

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CIRED 2019 - 1891.pdf (948.11 KB)
Paper number
1891
Working Group Number
Conference name
CIRED 2019
Conference date
3-6 June 2019
Conference location
Madrid, Spain
Peer-reviewed
Yes
Short title
Convener
Authors
Oleinikova, Irina, NTNU, Norway
Martini, Luciano, RSE, Italy
Rodriguez, Emilio, TECNALIA, Spain
Abstract
This paper illustrates the results achieved by the ELECTRA EU project and in particular the detailed analysis that has been made on market implications related to the WoC deployment. Within this research a high-level market design to support the new proposed control framework was developed. Particular emphasis was given to the analysis of market mechanisms that must be implemented to perform the needed trading for the balancing and voltage control services. In particular, the “power exchange”, that is when balancing and voltage control products are traded between the Balance Service Providers (BSP) and the Cell System Operators (CSO) was considered. The results showed that with an increasing volume of intermittent RES integrated into the power markets, new types of the BSPs are requested. With the purpose to increase the size of the BSPs, aggregators play an important role too. An organized marketplace contributing to the improvement of operational efficiency, assuring transparency and level-playing field to all the BSPs and the CSOs is established. It was also highlighted that the auction is indeed an instrument able to promote competition. We introduced and described new categories, classes, types and subtypes of balancing and voltage control products and suggested sub-markets for trading these services. Finally, it was highlighted that the link between the quality of balancing products and their price could be established through the implementation of the principle of cascading procurement and by considering the distance to real time of auction.
Table of content
Keywords
Publisher
AIM
Date
2019-06-03
Published in
CIRED 2019 Conference
Permanent link to this record
https://cired-repository.org/handle/20.500.12455/631
http://dx.doi.org/10.34890/857
ISSN
2032-9644
ISBN
978-2-9602415-0-1