Analysis of the Balancing Energy Market
Project Run-Time
2008/2009
Client
German energy supply company (a municipal utility)
To probe the market opportunities for a base load power plant in the balancing energy market
Our Tasks
To analyse the balancing energy market in Germany. Individual topics:
- Analysis of the demand for balanced energy
- Analysis of the framework conditions and rules governing the participation in the balancing energy market (pre-qualification requirements, technical restrictions, contractual penalties, etc)
- Description of primary and secondary control reserve as well as minute reserve (product and tender characteristics, competitive situation)
- Market participants and their behaviour in the market
- Market volumes (power and energy prices)
- Prices and price developments of individual products (power and energy price for all products)
- Analysis of the influencing factors on price developments
- Analysis of the frequency of activation of control reserve and its remuneration
- Depiction of basic bidding strategies (illustrating factors which should be considered)
- Derivation of possible future developments within the balancing energy market and their impacts on competition and price developments
Result
Derivation of economic potential through the optimisation of power plants on the balancing energy market
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Market analysis
