Support schemes and market design in international offshore grids

Sascha Thorsten Schröder

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

    Abstract

    International offshore grids can combine the grid connection of offshore wind parks with the possibility for international power trading in the future. This paper investigates the choice of support scheme and power market design in international offshore grids and derives resulting incentives. For example, day-ahead market design could be chosen such that an offshore wind park is affiliated to a national country or placed in a neutral offshore hub. With regard to balancing, an offshore wind park's access to a specific country may be blocked due to interconnector congestion from power trading. Hence, a country's offshore wind park included in an international offshore grid faces a different economic situation than one which is only connected to its home country. It is argued that there is a redistributive effect between offshore wind park income, congestion rents of the interconnectors and necessary support. For a stable investment framework in the near future, a tendering/feed-in tariff may be the best choice. It avoids exposing wind farms to balancing with multiple countries. In the long run, also other support scheme options may be of interest.
    Original languageEnglish
    Title of host publication10th International Conference on the European Energy Market (EEM), 2013
    Number of pages8
    PublisherIEEE
    Publication date2013
    Article number6607410
    ISBN (Print)9781479920082
    DOIs
    Publication statusPublished - 2013
    Event10th International Conference on the European Energy Market - Stockholm, Sweden
    Duration: 27 May 201331 May 2013
    Conference number: 10

    Conference

    Conference10th International Conference on the European Energy Market
    Number10
    CountrySweden
    CityStockholm
    Period27/05/201331/05/2013

    Keywords

    • Power, Energy and Industry Applications

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