Impact of the ’Transfer of Energy’ regulation on industrial flexibility valorisation
- Author
- Jens Baetens, Jeroen De Kooning (UGent) , Greet Van Eetvelde (UGent) and Lieven Vandevelde (UGent)
- Organization
- Abstract
- As the Third Energy Package Directive dictates that all European Transmission System Operators (TSOs) should incentivise the final energy consumers in participating in the reserve and balancing markets, Elia, the TSO in Belgium, has recently made some changes to its ancillary services regulation. Focussing on the tertiary reserve, new products have been designed and implemented over the last few years. With this introduction of new products and the Flexibility Service Provider (FSP) as a new market role, the Transfer of Energy question needed to be addressed. This paper focusses on the impact of this new tertiary reserve regulation and Transfer of Energy question on industrial sites providing tertiary reserve to Elia. An economical analysis on the activation remuneration under both the old and new regulation is performed resulting in the total received financial compensation for the industrial site. It is shown that under the old regulation, no financial optimisation for the activation remuneration was possible. With the new regulation an optimal bid price for the maximisation of the total remuneration can be set. Indeed a level playing field is created for the non-CIPU (Coordination of the Injection of the Production Units) units providing tertiary reserve, fostering the participation in the reserve and balancing market.
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-8620091
- MLA
- Baetens, Jens, et al. “Impact of the ‘Transfer of Energy’ Regulation on Industrial Flexibility Valorisation.” 2019 16TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM), IEEE, 2019, doi:10.1109/EEM.2019.8916540.
- APA
- Baetens, J., De Kooning, J., Van Eetvelde, G., & Vandevelde, L. (2019). Impact of the “Transfer of Energy” regulation on industrial flexibility valorisation. 2019 16TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM). Presented at the 16th International Conference on the European Energy Market (EEM), Ljubljana, Slovenia. https://doi.org/10.1109/EEM.2019.8916540
- Chicago author-date
- Baetens, Jens, Jeroen De Kooning, Greet Van Eetvelde, and Lieven Vandevelde. 2019. “Impact of the ‘Transfer of Energy’ Regulation on Industrial Flexibility Valorisation.” In 2019 16TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM). New York: IEEE. https://doi.org/10.1109/EEM.2019.8916540.
- Chicago author-date (all authors)
- Baetens, Jens, Jeroen De Kooning, Greet Van Eetvelde, and Lieven Vandevelde. 2019. “Impact of the ‘Transfer of Energy’ Regulation on Industrial Flexibility Valorisation.” In 2019 16TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM). New York: IEEE. doi:10.1109/EEM.2019.8916540.
- Vancouver
- 1.Baetens J, De Kooning J, Van Eetvelde G, Vandevelde L. Impact of the “Transfer of Energy” regulation on industrial flexibility valorisation. In: 2019 16TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM). New York: IEEE; 2019.
- IEEE
- [1]J. Baetens, J. De Kooning, G. Van Eetvelde, and L. Vandevelde, “Impact of the ‘Transfer of Energy’ regulation on industrial flexibility valorisation,” in 2019 16TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM), Ljubljana, Slovenia, 2019.
@inproceedings{8620091,
abstract = {{As the Third Energy Package Directive dictates that all European Transmission System Operators (TSOs) should incentivise the final energy consumers in participating in the reserve and balancing markets, Elia, the TSO in Belgium, has recently made some changes to its ancillary services regulation. Focussing on the tertiary reserve, new products have been designed and implemented over the last few years. With this introduction of new products and the Flexibility Service Provider (FSP) as a new market role, the Transfer of Energy question needed to be addressed. This paper focusses on the impact of this new tertiary reserve regulation and Transfer of Energy question on industrial sites providing tertiary reserve to Elia. An economical analysis on the activation remuneration under both the old and new regulation is performed resulting in the total received financial compensation for the industrial site. It is shown that under the old regulation, no financial optimisation for the activation remuneration was possible. With the new regulation an optimal bid price for the maximisation of the total remuneration can be set. Indeed a level playing field is created for the non-CIPU (Coordination of the Injection of the Production Units) units providing tertiary reserve, fostering the participation in the reserve and balancing market.}},
author = {{Baetens, Jens and De Kooning, Jeroen and Van Eetvelde, Greet and Vandevelde, Lieven}},
booktitle = {{2019 16TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM)}},
isbn = {{9781728112572}},
issn = {{2165-4077}},
language = {{eng}},
location = {{Ljubljana, Slovenia}},
pages = {{6}},
publisher = {{IEEE}},
title = {{Impact of the ’Transfer of Energy’ regulation on industrial flexibility valorisation}},
url = {{http://doi.org/10.1109/EEM.2019.8916540}},
year = {{2019}},
}
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