Print Email Facebook Twitter A comparison of imbalance settlement designs and results of Germany and the Netherlands Title A comparison of imbalance settlement designs and results of Germany and the Netherlands Author Van der Veen, R.A.C. Abbasy, A. Hakvoort, R.A. Faculty Technology, Policy and Management Department Infrastructure Systems & Services Date 2010-04-09 Abstract Imbalance settlement is a vital part of the balancing market, i.e. the institutional arrangement that establishes market-based balance management in liberalized electricity markets. We investigate the impact of the imbalance settlement design on the behaviour of Balance Responsible Parties and thereby on balancing market performance by means of a comparison of the German and Dutch imbalance settlement designs and balancing market results for the period May-December 2009. It is found that Germany has much higher activated balancing energy volumes, imbalance prices and actual BRP cost levels than the Netherlands, but these differences are perhaps rather caused by balancing energy market design differences and differences in intermittent generation shares than by imbalance settlement design differences. The real-time publication of balance regulation in the Netherlands enables internal balancing by BRPs, which may reduce the size of system imbalances. Generally, BRPs will over-contract a little, because of the lower risk of having a negative individual imbalance and because of the evening out of imbalance costs over a longer time period. Subject balancing marketimbalance settlementbalance responsibilityelectricity marketmarket design To reference this document use: http://resolver.tudelft.nl/uuid:c7549e1b-7f7e-4d6e-bd02-1214ef95b24a Source Young Energy Engineers & Economists Seminar (YEEES), 8-9 April 2010, Cambridge, UK Part of collection Institutional Repository Document type conference paper Rights (c) 2010 Van der Veen, R.A.C. Files PDF Comparison_imbalance_sett ... rlands.pdf 448.08 KB Close viewer /islandora/object/uuid:c7549e1b-7f7e-4d6e-bd02-1214ef95b24a/datastream/OBJ/view