气候变化领域集成服务门户(CCPortal): The search for the perfect match: Aligning power-trading products to the energy transition

CCPortal

DOI	10.1016/j.enpol.2020.111523
	The search for the perfect match: Aligning power-trading products to the energy transition
	Fridgen G.; Michaelis A.; Rinck M.; Schöpf M.; Weibelzahl M.
发表日期	2020
ISSN	03014215
卷号	144
英文摘要	Given the growing share of uncertain renewable energy production, the energy transition challenges modern power systems and especially calls for increased flexibility. However, relevant information on the highly asset-specific flexibility potential is typically only known to plant operators themselves and not, e.g., to transmission system operators. Therefore, liberalized electricity markets use prices that set explicit monetary incentives to disclose the relevant private information about the market participants’ assets. In this way, information asymmetries may be reduced. Given the different challenges of an integration of renewables, we argue that the associated new forms of volatile power profiles require new forms of power-trading products. In particular, based on recent advances in technical power measurement and billing, individual and market participant-specific power profiles may be superior to the current trading of average volumes. Against this background, we first outline various evolutionary adjustments of existing power-trading products and their underlying product parameters including (1) strengthening local pricing, (2) finer temporal granularity, (3) smaller minimum volume, and (4) shorter gate-closure time. Second, we open up a new perspective in form of a more disruptive shift towards power-profile trade, where market participants define their trading product using the actual power profile as a new product parameter. © 2020 The Authors
关键词	Demand side management Electricity exchange Energy transition Flexibility market trading Power-profiles Power-trading products
英文关键词	Costs; Electric power transmission; Energy policy; Renewable energy resources; Uncertainty analysis; Increased flexibility; Information asymmetry; Integration of renewables; Liberalized electricity market; Market participants; Private information; Temporal granularity; Transmission system operators; Commerce; alternative energy; electricity generation; energy market; energy policy; energy resource; price dynamics; spatiotemporal analysis
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204658
作者单位	SnT - Interdisciplinary Center for Security, Reliability and Trust, University of Luxembourg, 29, Avenue John F. Kennedy1855, Luxembourg; FIM Research Center, University of Bayreuth, Wittelsbacherring 10, Bayreuth, 95444, Germany; Project Group Business & Information Systems Engineering of the Fraunhofer FIT, Wittelsbacherring 10, Bayreuth, 95444, Germany; EPEX Spot SE, Product Development, Augustusplatz 9, Leipzig, 04109, Germany
推荐引用方式 GB/T 7714	Fridgen G.,Michaelis A.,Rinck M.,et al. The search for the perfect match: Aligning power-trading products to the energy transition[J],2020,144.
APA	Fridgen G.,Michaelis A.,Rinck M.,Schöpf M.,&Weibelzahl M..(2020).The search for the perfect match: Aligning power-trading products to the energy transition.Energy Policy,144.
MLA	Fridgen G.,et al."The search for the perfect match: Aligning power-trading products to the energy transition".Energy Policy 144(2020).