clens.eu Market premium model for biogas plants Jonas Zingerle Paris, 13/10/2016
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clens.eu
Market premium model for biogas plants Jonas Zingerle
Paris, 13/10/2016
clens.eu clens.eu
Short presentation of Clean Energy Sourcing
Clean Energy Sourcing Group: Company and Products
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clens.eu
Green Energy Supply, Direct Marketing, and Virtual Power Plant
We are one of the leading green power suppliers in Germany
■Over 8 TWh power sales to industrial and commercial customers
■Over 3.900 MW in portfolio management of renewable energy and combined heat and power plants (CHP)
■One of the leading virtual power plants ■Prequalified supplier on the reserve power market (SRL & MRL) in
Germany and Austria ■Flexible management of decentral power plants, power consumers
and storage
■Our own 24/7 trading & operations cockpit ■Market access to all important trading platforms in Europe: EEX,
EPEX Spot, EXAA, APX etc. ■Trading desk and 24/7 control room ■Analysis, prognosis, modelling
■More than 70 employees at our locations in Leipzig, Frankfurt and Vienna
Short presentation of Clean Energy Sourcing
The Trading & Operations Cockpit runs 24/7
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Clean Energy Sourcing Group: Company and Products
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CLENS groups its three major business lines around the IT-enhanced Trading & Operations Cockpit (TOC)
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■Power-supply of end- customers
■Strong in industry and commerce
■Buy and resell power from distributed power plants
■Mainly through market premium model in Germany
■Price-oriented dispatching and balance power service for flexible power plants, consumption and storage assets
Loadmanagement
Trading &
Operation
Trading &
Operations
Cockpit
CLENS company profile
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Market premium model – how does it work?
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The Market Premium Model allows to directly sell power of all types of renewable enrgy plants
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Basic principle: Operator no longer feeds production into the grid based on fixed feed-in tariffs as guaranteed by EEG, but sells it (usually via a direct marketing service provider) directly on power markets
As sales revenues attainable in this way are lower than the plant-specific guaranteed EEG feed-in tariffs, the difference is compensated for by the so called market premium
Market premium = EEG feed-in tariff - average market price + management premium
The management premium sets an incentive for plant operators to switch to the Market Premium Model Market price for wind and PV plants is calculated as the technology-specific, volume-weighted monthly average price on the electricity exchange (EPEX Spot)
Difference between
EEG feed-in tariff and
average
market price
Technology-specific
market price
EEG feed-in
tariff
Management premium (MP)
Market premium
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For each technology monthly market values are calculated based on hourly EPEX-Spot day-ahead market prices
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Management premium differs for technologies:
• Fluctuating technologies (Wind/PV): 4€/MWh
• Steady technologies (Biogas/Hydro): 2€/MWh
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What does that mean for the daily business of a direct marketing service provider?
• As balancing responsible party, direct marketer need to deliver binding ¼- h generation schedules
• high quality of forecast is crucial
• Scheduled volumes are generally sold day-ahead on spot markets (EPEX)
• deviations from scheduled production are settled
• Imbalance prices are relatively volatile and can be positive or negative => risks!
• predictibility of a power plants production is importat part of pricing models
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Ancillary services
Reserve power market
Wholesale-market
Power Exchange
Spot market Futures +
Options market
Over-the-counter (OTC)
Spotmarkt
Continuous Trading
Futures
Forwards, Options
Market places - overview
Day-Ahead-Auction
Intraday
Auction + Continuous Trading
Primary reserve
Secondary reserve
Tertiary reserve
Financial level Physical level
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Ancillary services
Reserve power market
Wholesale-market
Power Exchange
Spot market Futures +
Options market
Over-the-counter (OTC)
Spotmarkt
Continuous Trading
Futures
Forwards, Options
Market places - overview
Day-Ahead-Auction
Intraday
Auction + Continuous Trading
Primary reserve
Secondary reserve
Tertiary reserve
Financial level Physical level
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Clean Energy Sourcing Group: Company and Products
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Market results
Development of day-ahead spot market prices
21,54 €
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Merit Order Modell
Marginal
costs/supply
lignite
hardcoal
gas
oil
nuclear
Leistung [GW]
Price
[€/MWh] demand
Price P1
Margin
Price P2
Renewables
Seite 13
Share of fluctuating
renewables (wind+pv) get
bigger
Value of base load will
decrease
Demand for flexibility is
growing
Price-spreads will increase
and occur more often
red: demand (2010)
green: generation wind & solar
Cap
acit
y in
stal
led
, GW
]
20 % share RES
40 % share RES
80 % share RES
source: Prof. Dr. Stadler/ Westfalen Wind GmbH
What is coming next?
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CLENS‘ holistic optimization approach provides best results across all market places.
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Secondary
reserve
Tertiary
reserve
Spot
(day ahead) Intraday
Placement Wednesday Workday:
Until 10 AM
Workday:
Until noon
Up to 45Min before
fulfilment
Provision-/
supply-period
Week after:
Monday till sunday
Day after until next
workday
Day after until next
workday Same day
Product length Peak & off-peak 6 x 4 hours 24 x 1 hour 24 x 1 hour
96 x ¼ hour
Order of bidding
Order of forecast
Granularity of products Binding commitment
Early, binding scheduling
vs.
Short-term flexibility
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Optimization outcome last week
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=> Additional value of optimized schedule to average market value 10 €/MWh
=> Additional value of optimized schedule to average market value 1,50 €/MWh
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Market environment changes –
flexibility wins!
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….Questions?
Jonas Zingerle Business Development
Katharinenstraße 6
04109 Leipzig
+49 341 30 86 06-276
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clens.eu
Produktsegment Ausschreibung Mind.-Angebot Aktivierung Zeitscheiben Vergütung
Primärregelleistung Wöchentlich 1 MW <30 Sekunden
vollautomatisch 1/Woche Leistungspreis
Sekundärregelleistung Wöchentlich 5 MW < 5 Minuten
vollautomatisch Peak & Off-Peak
Leistungspreis &
Arbeitspreis
Minutenreserve-
leistung Täglich 5 MW
<15 Minuten
teilautomatisiert 6x4h/Tag
Leistungspreis &
Arbeitspreis
Reihenfolge der Aktivierung
Primär-
regelung
Sekundär-
regelung
Minuten-
reserve
5 s 30 s 15 min 1 h 5 min
…
Regelenergiearten
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-
10
20
30
40
50
60
1 5 9 13 17 21 25 29 33 37 41 45 49 53 57 61 65 69 73 77 81 85 89 93
€/M
Wh
EPEX 15 EPEX DA
Entwicklung der Spotmärkte
Stundenauktion (EPEX DA) vs. 1/4-Stundenauktion (EPEX15 )
Volatility on ID-Market (continuous)
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Quelle: Energy Brainpool
Baseload
Prognose Energy Brainpool: Volatility increases and flexibility wins!
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