Competition and the single electricity market: Which lessons for Ireland?

Cosmo, Valeria Di; Lynch, Muireann Á.

doi:10.1016/j.jup.2016.05.002

Cited by 20 publications

(13 citation statements)

References 37 publications

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“…Nepal and Jamasb [25] examine the market integration in the Irish Single Electricity Market (SEM), indicating the importance of liquidity in wholesale markets in the market integration process. Cosmo and Lynch [26] examine the evolution of the Irish SEM in order to comply with the European "Target Model", identifying the crucial role of a competitive and liquid forward market, as it will enhance competition on both spot and retail markets. Tanrisever et al [27] provide an overview of the Dutch market, describing the organization of financial trading and clearing mechanism for the day-ahead and the intraday markets, as well as for the supplementary markets in the Netherlands, including a futures exchange, the imbalance market, and the reserve capacity management.…”

Section: Introductionmentioning

confidence: 99%

Policy Implications of Power Exchanges on Operational Scheduling: Evaluating EUPHEMIA’s Market Products in Case of Greece

Koltsaklis

Dagoumas

2018

Energies

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A vital component for the development of a functioning internal electricity market is the adoption by each European member state of the Pan-European Hybrid Electricity Market Integration (EUPHEMIA) for the day-ahead market solution. The consideration of the national power market’s characteristics enables more realistic market design towards the implementation of the so-called “Target Model”. This work considers a series of factors, including the EUPHEMIA order types, their use by market participants, the relative competitiveness of power generators, the impact of interconnected markets, the existence of market players with dominant positions, and the existence of specific regulations such as the minimum average variable cost restriction on offers by producers, as well as the strategy adopted by market participants. The main goal of this paper is to provide a comprehensive analysis on the adoption of EUPHEMIA’s algorithm in case of the Greek wholesale market, based on a relevant research project funded by the Joint Research Centre of the European Commission to support the Hellenic Regulatory Authority of Energy on its decision-making. The paper contributes to the relevant literature on the quantification of the impacts of the EUPHEMIA algorithm in the case of the Greek wholesale market, providing insights on the crucial aspects affecting realistic, market-based decision-making.

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Section: Introductionmentioning

confidence: 99%

Policy Implications of Power Exchanges on Operational Scheduling: Evaluating EUPHEMIA’s Market Products in Case of Greece

Koltsaklis

Dagoumas

2018

Energies

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“…Since 2007, the consensus view is that the SEM has functioned effectively. 20 For sure, the SEM development is significant, but it should not disguise the lack of overall progress in building an all-island economic infrastructure. Initiatives to advance north-south economic and business cooperation since the signing of the Belfast Agreement cannot be viewed as large scale and have certainly fallen short of integrating economically the two parts of the island.…”

Section: Political Stability Through An Open Bordermentioning

confidence: 99%

Brexit, the Belfast Agreement and Northern Ireland: Imperilling a Fragile Political Bargain

Teague¹

2019

Political Quarterly

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The major impact of the Belfast Agreement was to engineer a peaceful coexistence between nationalism and unionism that involved each bloc recognising it had sufficient power to thwart the political ambitions of the other side, but not enough to push through its own agenda. This paper argues that Brexit seriously damages this peaceful coexistence and could trigger what is termed an Ulster war of attrition in which Northern Ireland becomes entrapped in a political stalemate where each side strives to triumph without having sufficient power to do so. It also argues that to restore internal political stability in Northern Ireland, and to indemnify against the risk of disorderly relationships between the British and Irish governments in the future, the strategic importance of Strand 3 of the Belfast Agreement requires strengthening.

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“…Moreover, we study the regional distribution of future generation and demand to provide support to the transmission grid operator for its long-term planning processes. While our analysis below focuses on the Republic of Ireland, it is important to bear in mind that the Single Electricity Market (SEM), which will be replaced by the Integrated Single Electricity Market (I-SEM) in future, is the marketplace for trading electricity in the Republic of Ireland and Northern Ireland [22]. At the same time, however, renewables targets are negotiated and agreed with each member state, i.e.…”

Section: Case Studymentioning

confidence: 99%

Highly resolved optimal renewable allocation planning in power systems under consideration of dynamic grid topology

Slednev

Bertsch

Ruppert

et al. 2018

Computers & Operations Research

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The system integration of an increasing amount of electricity generation from decentralised renewable energy sources (RES-E) is a major challenge for the transition of the European power system. The feed-in profiles and the potential of RES-E vary along the geographical and temporal dimension and are also subject to technological choices and changes. To support power system planning in the context of RES-E expansion and allocation planning required for meeting RES-E targets, analyses are needed assessing where and which RES-E capacities are likely to be expanded. This requires models that are able to consider the power grid capacity and topology including their changes over time. We therefore developed a model that meets these requirements and considers the assignment of RES-E potentials to grid nodes as variable. This is a major advancement in comparison to existing approaches based on a fixed and pre-defined assignment of RES-E potentials to a node. While our model is generic and includes data for all of Europe, we demonstrate the model in the context of a case study in the Republic of Ireland. We find wind onshore to be the dominating RES-E technology from a cost-efficient perspective. Since spatial wind onshore potentials are highest in the West and North of the country, this leads to a high capacity concentration in these areas. Should policy makers wish to diversify the RES-E portfolio, we find that a diversification mainly based on bioenergy and wind offshore is achievable at a moderate cost increase. Including solar photovoltaics into the portfolio, particularly rooftop installations, however, leads to a significant cost increase but also to a more scattered capacity installation over the country.-2 -

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Competition and the single electricity market: Which lessons for Ireland?

Cited by 20 publications

References 37 publications

Policy Implications of Power Exchanges on Operational Scheduling: Evaluating EUPHEMIA’s Market Products in Case of Greece

Policy Implications of Power Exchanges on Operational Scheduling: Evaluating EUPHEMIA’s Market Products in Case of Greece

Brexit, the Belfast Agreement and Northern Ireland: Imperilling a Fragile Political Bargain

Highly resolved optimal renewable allocation planning in power systems under consideration of dynamic grid topology

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