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R&D NESTER PRESENTS “MARKET-BASED BIDDING STRATEGY FOR VARIABLE RENEWABLE GENERATION IN THE MIBEL” AT EUROPEAN ENERGY MARKETS 2018

 

The EEM18 - 15th International Conference on the European Energy Market was held from 27 to 29 June in Poland.

The EEM is a European Energy Market related topics conference with a long tradition starting in 2004. It started in Poland and was present in different countries along the years, including Portugal in 2008. The conference is an excellent opportunity to present researches, share ideas and discuss European market operation, its development and main challenges.

Each year several important players from the industry make presentations in the key-note speeches. This time, the conference counted with the presence of the director of the Florence School of Regulation, the Strategy Department Director of Lithuanian electricity transmission system operator (LITGRID), representatives of ABB and several professors from Poland Universities. Topics such EC rules of the winter package, the new European electricity market projects as XBID or MARI, the integration of the Baltic states in the Continental Europe synchronous area and HVDC connection equipment's were addressed.

João Esteves, researcher at R&D Nester, presented the paper entitled "Market-based bidding strategy for variable renewable generation in the MIBEL", in the scope of "Renewable Integration Tools" project undertake by R&D Nester.

This work proposes a methodology for the assessment of the economic viability of wind and solar photovoltaic electricity generation participating in the Iberian Electricity Market (MIBEL) in equal terms with the remaining generators. This methodology is important in the point of view of a wind or solar power plant owner in order to: 1) Understand what kind of revenues it can be expected having no feed-in-tariffs and, 2) Elaborate on the bid strategy to make in the market in order to maximize the revenues.

More information at: http://www.eem18.eu/

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