The market value of wind and solar power – their $/MWh revenue from spot markets – tends to decline as deployment increases. We have quantified this “value drop” for different jurisdictions in a range of projects and explored possibilities to mitigate the value drop.
The design of wholesale and retail power markets determines the incentives to produce and consume electricity. Good market design leads to efficient investments and operation, bad market design to wastefulness and – in the extreme – to blackouts. We have worked on power market design in various projects.
We model wholesale electricity markets using EMMA. EMMA simultaneously models (hourly) dispatch and (yearly) investments in power plants. It calculates the capacity mix as well as hourly prices, generation, and cross-border trade for each market area. We use EMMA for studies and help our clients to use EMMA, an open-source model, themselves.
Big Data has reached the energy sector: policy making and investment decisions rely increasingly on large-scale statistical and numerical models. These models are data-intensive. We deliver such data to clients and support them building up a modern data infrastructure.