Summary:
The EU Internal Market for Electricity is facing important changes to ensure a smooth transition to a fully decarbonized system by 2050, where non-dispatchable renewable energy sources (RES) have a crucial role to play. To improve market efficiency, RES integration and power system balancing, increasing cross borders interconnections and cooperation among member states are some of the main EU goals. This paper reviews the existing literature and markets models dealing with multi-zone interconnections capacity allocation for energy and balancing reserves, and proposes an inter-zonal capacity allocation mechanism for energy and secondary reserve capacity based on a system costs minimization which has been integrated into the CEVESA market model and applied to a realistic case study.
Spanish layman's summary:
Para mejorar el mercado eléctrico europeo, la integración de renovables y el equilibrio energético por las interconexiones son aspectos relevantes para la UE. Este paper propone un mecanismo de asignación de capacidad interzonal para la energía y la reserva secundaria basado en el modelo CEVESA.
English layman's summary:
To improve the EU Electricity Market, RES integration and power balancing through cross borders interconnections are main EU goals. This paper proposes an inter-zonal capacity allocation mechanism for energy and secondary reserve based on CEVESA market model and applied to a realistic case study.
Keywords: electricity market, interconnections capacity allocation, market coupling, balancing reserves coordination.
Registration date: 23/11/2022
IIT-22-244WP
