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HomeMarket arrangements for offshore hybrid projects in the North Sea
Market arrangements for offshore hybrid projects in the North Sea
Väljaande metaandmed
This report considers the appropriate electricity market arrangements to be applied to offshore hybrid projects, i.e. projects that combine offshore generation capacity with transmission capacity connecting two or more onshore bidding zones. Two options are examined in detail: the use of Offshore Bidding Zones that reflect structural congestion and the extension of onshore Home Market zones to cover offshore generators. Dispatch modelling of these two options is conducted for the period to 2050 for the North Sea region and a detailed theoretical assessment of the options’ performance against a wide variety of criteria is undertaken. Ultimately, we conclude that the use of Offshore Bidding Zones is likely to be more efficient and resilient to future changes in the offshore network and the power system more generally. This approach is also more consistent with current regulatory principles and less likely to result in undue discrimination between market participants. The use of offshore bidding zones may, however, be less effective in securing commercial investment in offshore generation as part of hybrid projects due to a tendency to allocate a lower share of aggregate project revenues to generation owners. Multiple options for the redistribution of revenues are therefore also discussed.
- Avaldatud:
- Kollektiivautor(id): Energeetika peadirektoraat (Euroopa Komisjon) , THEMA Consulting group
- Teemad: Energeetika
- Teema: aruanne , avamere naftarajatis , elektrivarustus , energia transport , energiatehnoloogia , energiaturg , energiavõrk , investeering , Põhjameri , tuuleenergia , tööstuse infrastruktuur
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| ISSN | ISBN 978-92-76-25325-9 | DOI 10.2833/36426 | Katalooginumber MJ-02-20-951-EN-N |
- Released on EU Publications:
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