Final webinar “Electricity Market Design for ~100% Renewable Power Systems”

  1. 📢 Join us in the free Final TradeRES Webinar, “Electricity Market Design for ~100% Renewable Power Systems”!

We’re thrilled to share the final results of the European H2020 TradeRES .
Dive into the insights we’ve gained, as we explore key questions shaping Europe’s renewable energy future:

🔹 How can we ensure secure energy supply and system adequacy?
🔹 Are capacity mechanisms essential in a renewable-dominant market?
🔹 How can we support vRES (variable Renewable Energy Sources) and de-risk investments?
🔹 What reforms are needed in short-term markets and ancillary services?
🔹 How can local markets and energy communities play a role within the pan-European framework?

đź“… Date: November 19th, 2024
⏰ Time: 15:00 (CET)
đź“Ť Registration required: https://www.eventbrite.pt/e/electricity-market-designs-for-100-renewable-power-systems-tickets-1059473185819

Instructions / details

  1. Register on the Eventbrite platform.
  2. A Zoom/Youtube link will be provided before the event.
    Note: the language will be English.

Programm

15h00 – Webinar opening

15h05 – TradeRES Background and Purpose
               LAURENS DE VRIES (TU DELFT)

15h15 – System Adequacy
              LAURENS DE VRIES (TU DELFT)
              INGRID SANCHEZ (TU DELFT)

15h35 – vRES Support and Investment Derisking
              CHRISTOPH SCHIMECZEK (DLR)

15h55 – Short-term Markets and Ancillary Services
              ANTĂ“NIO COUTO (LNEG)
              FERNANDO LEZAMA (ISEP)

16h15 – Local Markets and Energy Communities
              GORAN STRBAC (IMPERIAL COLLEGE LONDON)
              DAWEI QIU (IMPERIAL COLLEGE LONDON)
              HELLEIK SYSE (BITUNITOR)

16h35 – The European Market perspective: prices,  profits and costs
               SILKE JOHANNDEITER (ENBW)
               NIINA HELISTĂ– (VTT)

16h55 – TradeRES Outcomes and Recommendations
               ANA ESTANQUEIRO (LNEG)

17h10 – Discussion & Final Remarks

17h30 – Closing of webinar

 

Any problems with registration?

– If Zoom is full, we will send a YouTube link.

Contact us at: social@traderes.eu

New deliverables available

We are pleased to announce that two important deliverables are now available for free access!

  • D5.4 Pan-European Wholesale Electricity: This report assesses future electricity market performance under various scenarios, focusing on price dynamics and the profitability of renewables. Link

  • D6.3 Tutorial and Edited Webinar Materials: This deliverable compiles edited materials from tutorials and webinars to support stakeholders in using the project’s tools, including video guides and user manuals. Link

Participation in PhD Workshop LARS​

We had the privilege of attending the Loyola Autumn Research School by the Florence School of Regulation, where young energy system modelers were taught how to create an impact with their research.
The experience, alongside top instructors and international peers, was truly inspiring and enriching!
👉 Stay tuned as we share key takeaways and insights!
#LARS #FSR #PhD #EnBW

Image credits: https://www.linkedin.com/company/43181480/admin/page-posts/published/

8th Hybrid Power Plants & Systems Workshop: Three Papers

We’re pleased to present our contributions at the 8th Hybrid Power Plants & Systems Workshop in the Azores! Here’s a quick look at our three papers:

  • Probabilistic Forecasting for Hybrid Wind-Solar Plants
    An Optimized Probabilistic Forecasting Approach for Hybridized Wind Power Plants. This paper explores how probabilistic forecasting boosts the value of hybrid wind-solar plants.

  • Energy Management in MIBEL Communities
    Energy Management in Energy Communities with Participation in MIBEL. This research discusses how probabilistic forecasts improve profitability for energy communities within the Iberian Electricity Market.

  • Enhancing Local Energy Communities
    Local Energy Communities: Enhancing Collective Investments and Profitability of Distributed Energy Resources. This work explores how integrating local energy communities with MIBEL enhances the value of distributed renewables.

For more details, visit our blog: https://traderes.eu/blog. 

Participation at EEM24: Five Papers

We are excited to share highlights from our recent participation at the 2024 20th International Conference on the European Energy Market (EEM24) in Istanbul. Here’s a brief overview of the five papers we presented:

  • Reducing Market Splitting
    Dynamic line rating can significantly reduce market splitting and lower costs in the Iberian electricity
  • New Imbalance Settlement Mechanism
    A novel mechanism with double pricing and penalties to improve self-balancing in energy markets.
  • Dynamic Reserve Capacity Procurement
    An approach to enhance reserve capacity management amid high renewable energy, improving efficiency and resource use.
  • Impact of Local Energy Markets
    Exploring how scaling up local energy markets influences wholesale prices and trading volumes.
  • Cost Recovery for Renewables
    Assessing how different support schemes affect the cost recovery for renewable energy sources in Germany.

For more details, visit our papers page: https://traderes.eu/papers/

Release of Deliverable 3.2 (2nd Edition)

The 2nd edition of 3.5 is now available, offering an in-depth analysis of electricity market actors. This report identifies various market participants and characterizes their behavior and operations, with a focus on both traditional roles and emerging functions in flexible technologies.

The updated document is available for free, link here.

Additionally, Deliverable 5.2 will be released in the coming days, stay tuned for more updates!

TradeRES data base available

🚀 Good News! The newest version of the TradeRES database is now available on Zenodo! Explore valuable resources for professionals, researchers, and enthusiasts. 
 
🔽 Download for free: https://zenodo.org/records/10692698 
 
#database #research #innovation #zenodo #download #free

Newsletter 8

📬 Thrilling Announcement! 🎉 Our most recent newsletter has just been released!
đź“° Immerse yourself in a realm of exclusive updates, insightful content, and more!
Don’t miss the excitement – subscribe today (accessible on the main page) for a prime view of all things!

Download the PDF: here

Breaking News: Project Extended

Exciting News Unveiled! 🚀 We’re thrilled to announce that our project has been granted an extension.

This opens up new opportunities for continuous improvement and deepening our impact. Stay tuned.