CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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Transcript of CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
Classification of Electricity Markets Worldwide
Paul Giesbertz
KEMA Consulting, the NetherlandsOn behalf of CIGRE TF C5-02-01
CIGRE SymposiumBrasilia; 21-23 September 2003
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Contents
• TF C5-02-01• Examples of classification
CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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TF C5-2-1 : members
• 9 members (4 Europe, 3 Asia, 1Australia, 1 Africa)
• Participation from Americas would be welcome
CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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TF C5-2-1 : Schedule
• First meeting: September 2003• Submission of Questionnaire : December
2003• Collect & Analyse Answers: April 2004• Report - high level paper : August 2004
CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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TF C5-2-1 : scope
• Organisation and functioning of electricity markets: describe and classify
• No focus on industry structures (build on previous work e.g. of WG 37-32)
• Regulation of markets is excluded• All models (from Single Buyer to full retail
markets) are covered• Preference: markets in operation
CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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Examples of classification (1)• Size of market, period of operation• Market Model
– Mandatory Pool, Bilateral Contracts, Single Buyer, Balancing Market
– Energy Only , Capacity Markets– Financial Markets and Futures
• Dispatch of power plants– Central scheduling & central dispatch– Self scheduling & central dispatch– Self scheduling & self dispatch
CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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Two principal market models
Generator
DisCo / Consumer
Central Market
Bilateral contracts
Pool model:Central Dispatch of power
plants
Generator
DisCo / Consumer
Bilateral Trade Model:Self Dispatch of power plants
Bilateral contracts
PowerExchange
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Examples of classification (2)
• Market Participants & Market Operator• Market Sessions (day ahead, hour ahead)• Offers & Bids (portfolio bidding, cost based)• Market Price calculation (market clearing, pay-as-
bid, price caps, single or nodal, firm or indicative)• congestion & ancillary services management will
be treated briefly
CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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Examples of classification (3)
• Advantages & Disadvantages / Successes & Failures– Prices and market volumes– Demand participation / response– Investment incentives
• Improvements realised and proposed
CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide
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Your comments & suggestions will be appreciated!
CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide