Tools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
The future electricity market needs to be adjusted to accommodate almost 100% renewables. Horizon2020-funded project, TradeRES, aims to find a new market design that can enable an efficient operation of resources in the short-term market, considering the high variability of solar and wind energy, increasing integration with the heating and transport sector, and increasing participation of flexible demand.
The new market designs will be tested with agent-based models within an open-access simulation tool. The performance of the market design – with respect to quantitative indicators such as security of supply, average costs to consumers and investment cost recovery – will be compared to a benchmark calculation of an optimal power system.
The project will deliver descriptions of new market designs and evaluate their performance on Dutch case study. The project also delivers new tools for investigating new market designs. The tools are based on the methodology of model coupling and co-simulation.
LNEG, TNO, DLR, VTT, Imperial College London, ISEP, etc.
Ingrid Sanchez Jimenez
Ingrid is a PhD candidate at Delft University of Technology. She obtained her Master's Degree in Power Engineering from the Technical University of Munich.
Ingrid worked as a Data Engineer at Accenture, where she developed AI applications, such as Chatbots and Computer Vision projects. Previously, she worked as a Business Analyst at BayWa r.e. where she developed an auction model that quantified the German wind energy market. Previously, she wrote her master's thesis at Fraunhofer Institute IWES, where she analyzed the influence of the renewable energy law on the revenues of wind energy projects across Germany.