Balancing group; Electricity market design; Internal electricity market; Power exchange
Abstract :
[en] One of the most important objectives of the European Union is the creation of an Internal Electricity Market (IEM) in Europe. Various national electricity market designs represent one of the major obstacles to the creation of IEM and it is necessary to coordinate national market designs among Member States in order to achieve that. Therefore, this paper gives a comprehensive overview of the electricity market design according to laws related to the electricity sector that are in force in Croatia. Additionally, the paper identifies key obstacles that hamper the development of a well-functioning electricity market in Croatia towards its further integration into the IEM. Since Croatian Power Exchange (CROPEX) is not coupled with any other power exchange, special attention was given to necessary prerequisites for market coupling with the Slovenian Power Exchange (BSP SouthPool) and with the Hungarian Power Exchange (HUPX).
Research center :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > FINATRAX - Digital Financial Services and Cross-organizational Digital Transformations
Disciplines :
Computer science Electrical & electronics engineering Management information systems
Author, co-author :
Beus, Mateo; Faculty of Electrical Engineering and Computing, University of Zagreb, Zagreb, Croatia
PAVIĆ, Ivan ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Štritof, Ivona; Croatian Power Utility (Hrvatska Elektroprivreda D.d.), Ulica Grada Vukovara, Zagreb, Croatia
Capuder, Tomislav; Faculty of Electrical Engineering and Computing, University of Zagreb, Zagreb, Croatia
Pandžić, Hrvoje; Faculty of Electrical Engineering and Computing, University of Zagreb, Zagreb, Croatia
External co-authors :
yes
Language :
English
Title :
Electricity market design in Croatia within the european electricity market-recommendations for further development
Original title :
[en] Electricity market design in Croatia within the european electricity market-recommendations for further development
Croatian Environmental Protection and Energy Efficiency Danube Transnational Programme
Funding number :
DTP1-502-3.2-3Smart
Funding text :
This work was supported in part by the Croatian Environmental Protection and Energy Efficiency Fund under the project Microgrid Positioning (uGRIP) from the ERA Net Smart Grids Plus funding scheme and by the European Union through Interreg Danube Transnational Programme under the project Smart Building-Smart Grid-Smart City (DTP1-502-3.2-3Smart).
The European Parliament and the Council of the European Union. Directive 96/92/EC of the European Parliament and of the Council. Off. J. Eur. Union 1997, 27, 20-29.
The European Parliament and the Council of the European Union. Directive 2003/54/EC of the European Parliament and of the Council. Off. J. Eur. Union 2003, 176, 37-56.
The European Parliament and the Council of the European Union. Directive 2009/72/EC of the European Parliament and of the Council. Off. J. Eur. Union 2009, 211, 55-93.
ACER-Agency for the Cooperation of Energy Regulators. Available online: Http://www.acer.europa.eu/ en/The_agency/Mission_and_Objectives/Pages/default.aspx (accessed on 10 July 2017).
Losch, L.; Van Driessche, L. European Commission Presents Energy Winter Package 2016; Linklaters LPP: Brussels, Belgium, 2016.
Štritof, I.; Gelo, T.; Krajcar, S. Possible Impact of Global Financial Crisis on Prices in Croatian Electricity Sector. WSEAS Trans. Power Syst. 2009, 4, 242-251.
Croatian Transmission System Operator Ltd. Croatian Electricity System-Basic Data. 2016. Available online: Https://www.hops.hr/wps/portal/en/web/documents/publications/basicdata (accessed on 18 January 2018).
Newbery, D.; Strbac, G.; Viehoff. I. The benefits of integrating European electricity markets. Energy Policy 2016, 94, 253-263.
Ringler, P.; Keles, D.; Fichtner, W. How to benefit from a common European electricity market design. Energy Policy 2016, 101, 629-643.
Tanrisever, F.; Derinkuyu, K.; Jongen, G. Organization and functioning of liberalized electricity markets: An overview of the Dutch market. Renew. Sustain. Energy Rev. 2015, 51, 1363-1374.
Oksanen, M.; Karjalainen, R.; Viljainen, S.; Kuleshov, D. Electricity Markets in Russia, the US, and Europe. In Proceedings of the 2009 6th International Conference on the European Energy Market, Leuven, Belgium, 27-29 May 2009.
The Regulatory Assistance Project. Report on the German Power System, version 1.0; Study Commisioned by Agora Energiewende; The Regulatory Assistance Project: Brussels, Belgium, 2015.
GIZ. Green Energy Corridors Market Design for an Electricity System with Higher Share of RE Energy Sources; GIZ: Eschborn, Germany, 2015.
The Regulatory Assistance Project. Report on the French Power System, version 1.0; Study Commisioned by Agora Energiewende; The Regulatory Assistance Project: Brussels, Belgium, 2015; p. 42.
Pavic, I.; Beus, M.; Pandzic, H.; Capuder, T.; Stritof, I. Electricity Markets Overview-Market Participation Possibilities for Renewable and Distributed Energy Resources. In Proceedings of the 2017 14th International Conference European Energy Market (EEM), Dresden, Germany, 6-9 June 2017.
KU Leuven Energy Institute. The Current Electricity Market Design in Europe; KU Leuven Energy Institute: Leuven, Belgium, 2015.
Croatian Energy Market Operator Ltd. The Rules on the Organization of the Electricity Market; Croatian Official Gazette: Zagreb, Croatia, 2015.
Croatian Parliament. Energy Act; Croatian Official Gazette: Zagreb, Croatia, 2012.
Croatian Parliament. Act on Renewable Energy and High-Efficiency Cogeneration; Croatian Official Gazette: Zagreb, Croatia, 2015.
Croatian Parliament. Electricity Market Act; Croatian Official Gazette: Zagreb, Croatia, 2015.
Ministry of Economy. Rules for Acquiring the Status of Eligible Producers of Electricity from Renewable Energy Sources and Cogeneration; Croatian Official Gazette: Zagreb, Croatia, 2015.
Croatian Transmission System Operator Ltd. Electricity Balancing Rules; Croatian Transmission System Operator Ltd.: Zagreb, Croatia, March 2017.
Croatian Energy Regulatory Agency. Methodology for Determining the Price for the Settlement of Balancing Energy; Croatian Energy Regulatory Agency: Zagreb, Croatia, 2016.
Cropex Ltd. Available online: Https://www.cropex.hr/en/membership.html (accessed on 10 May 2017).
Croatian Government. Ordinance on the Minimal Share of Electricity from Renewable Energy Sources and Cogeneration; Croatian Government: Zagreb, Croatia, 2007.
Cropex Ltd. Products Specifications; Cropex: Zagreb, Croatia, 2015.
Cropex Ltd. Available online: Https://www.cropex.hr/en/ (accessed on 20 June 2017).
Bank South Pacific. SouthPool Energy Exchange-Market Coupling SI/IT. Available online: Http://www.bspsouthpool. com/market-coupling-siit.html (accessed on 15 July 2017).
HUPX-Day-Ahead Auction (DAM). Available online: Https://www.hupx.hu/en/Productinfo/Electricity/ Pages/M{{á}}snapiaukci{{ó}}(DAM).aspx (accessed on 12 July 2017).
Bank South Pacific. SouthPool Energy Exchange-Day-Ahead Market. Available online: Http://www.bspsouthpool. com/day-ahead-market.html (accessed on 12 August 2017).
Nord Pool. Product Specification; Nord Pool: Lysaker, Norway, 2017.
EPEX SPOT SE: Germany/Austria. Available online: Https://www.epexspot.com/en/product-info/ auction/germany-austria (accessed on 19 June 2017).
Nordic Energy Regulators. Statistical Summary of the Nordic Energy Market 2015; Nordic Energy Regulators: Eskilstuna, Sweden, 2015.
Danish Energy Regulatory Authority. National Report; Danish Energy Regulatory Authority: Copenhagen, Denmark, 2016.
Nordic Energy Regulators. Nordic Market Report 2014-Development in the Nordic Electricity Market; Nordic Energy Regulators: Eskilstuna, Sweden, 2014.
HROTE Ltd. Available online: Http://www.hrote.hr/reports (accessed on 15 April 2017).
Scharff, R.; Amelin, M. Trading behaviour on the continuous intraday market Elbas. Energy Policy 2016, 88, 544-557. [CrossRef]
BSP SouthPool Energy Exchange-Intraday Continuous Market. Available online: Http://www.bspsouthpool. com/intraday-continuous-market.html (accessed on 25 June 2017).
HUPX-Intraday (ID). Available online: Https://www.hupx.hu/en/Productinfo/Electricity/Pages/intraday. aspx (accessed on 29 June 2017).
HOPS-HR-SI and HR-HU Border. Available online: Https://www.hops.hr/wps/portal/en/web/market/ capacities/hr.hops.capacities.sihuborder (accessed on 15 August 2017).
Cropex Ltd. XBID Local Implementation Project. Available online: Https://www.cropex.hr/en/news/154-cropex-pristupio-xbid-lokalnom-implementacijskom-projektu-2.html (accessed on 1 September 2017).
HOPS. Cross-Border Transmission. Available online: Http://www.hops.hr/wps/portal/en/web/market/ capacities (accessed on 5 March 2017).
Hrote Ltd. Annual Report on the Support Scheme for the Electricity Production from Renewable Energy Sources and Cogeneration in the Republic of Croatia for 2016; Croatian Energy Market Operator Ltd.: Zagreb, Croatia, 2017.
Hrote Ltd. Proposal of the Rules for the Sale of Electricity from ECO-BG; Hrote Ltd.: Zagreb, Croatia, 2016.
Croatian Government. The Tariff System for the Production of Electricity from Renewable Energy Sources and Cogeneration; Croatian Official Gazette: Zagreb, Croatia, 2015.
Ministry of Economy. Grid Code; Croatian Official Gazette: Zagreb, Croatia, 2006.
Croatian Transmission System Operator Ltd. Methods for Calculating Price for Different Types of Ancillary Services; Croatian Transmission System Operator Ltd.: Zagreb, Croatia, 2016; pp. 1-18.
Croatian Transmission System Operator Ltd. 10-Year Network Development Plan for the Period 2016-2026; Croatian Transmission System Operator Ltd.: Zagreb, Croatia, 2016.
Energinet.DK. Regulation C3 Handling of Notifications and Schedules-Daily Procedures; Energinet.DK: Eritzer, Denmark, 2011.
Sorknæs, P.; Andersen, A.N.; Tang, J.; Strøm, S. Market integration of wind power in electricity system balancing. Energy Strateg. Rev. 2013, 1, 174-180. [CrossRef]
Croatian Parliament. Act on Energy Efficiency; Croatian Official Gazette: Zagreb, Croatia, 2014.
Nordic Energy Regulators. Discussion of Different Arrangements for Aggregation of Demand Response in the Nordic Market; Nordic Energy Regulators: Eskilstuna, Sweden, 2016.
Croatian Transmission System Operator Ltd. Annual Report for 2016; Croatian Transmission System Operator Ltd.: Zagreb, Croatia, 2017.
