Will the Market Get it Right? The Placing of New Power Plants in Germany

Abstract

Abstract:This paper applies ELMOD, an economic-engineering model of the European electricity market to the issue of optimal investment placing of generation capacity in Germany under different market integration scenarios. The model is formulated as cost minimization approach. We conduct a scenario analysis comparing different rules for power plant placing in a national, a market-coupling and an integrated EU market approach. We find that there are great benefits for consumers and producers if taking into account network conditions and cross border congestion in generation location planning.Moreover a change from national planning to an integrated market planner perspective shows even more improvements in prices and network utilization.

The Impact of Renewable Energy Sources on the Czech Electricity Transmission System

“…Závažnost situace dokládá i fakt, že český OPS-ČEPS investuje 2 miliardy Kč do stavby ochranných PST (Phase Shifting Transformers) transformátorů na česko-německém hraničním profilu (Budín, 2015), které by měly částečně zabránit nežádoucím přetokům elektrického proudu z Německa. Akademická literatura zabývající se vlivem obnovitelných zdrojů na přenosové soustavy je dosud téměř výhradně zaměřena na Německo; Burstedde (2012); Kunz (2013); Kunz & Zerrahn (2015); Schroeder et al (2013); Egerer et al (2014); Weigt et al (2010); Dietrich et al (2010). Výjimkou je článek Bemše et al (2016), který se zabývá rekonfigurací obchodních zón v Evropě.…”

A Nodal Pricing Model for the Nordic Electricity Market

“…The basic version of ELMODstatic optimal dispatch -has been applied for studying the impacts of increasing wind generation in Germany under nodal pricing in [19], under comparison of nodal, zonal and uniform pricing approaches in [31], and while simulating congestion management in Germany in [17]. ELMOD is used as a cost minimisation model by fixing demand values for analysis of different scenarios for generation extension in [10].…”

“…The optimal zonal pricing model has the same objective function and constraints as the nodal pricing model, and in addition the prices are restricted by (8)- (10). Nodal prices are modelled explicitly by variable , and (8) ensures uniform prices within zones.…”

Round-the-year security analysis with bottleneck ranking for interconnected power systems with large-scale wind power

“…Hence a set of assumptions must be made in the process of distributing load and generation in the network nodes. These assumptions may differ from case to case depending of the data availability [5], [7] and they are not the subject of this paper. The nodal distribution has to be done repeatedly, for all the hours in the year.…”