More than 40% wind.
How do the Danes do it?
Sten Lillienau
Pioneering Market
Denmark has always been an “experimental
workshop” and leading market for developing the
possibilities of distributed power production and
interaction between wind power and CHP.
In Denmark, more than 40% of the annual power
production is
wind power.
Portfolio Neas Energy
2,100 MW
6,546 MW
2.1 TWh
installed capacity
Combined Heat
and power
installed capacity
Supply & large
Renewables
scale consumption
Time-line power market
Nord Pool
publicies prices
and amounts
traded – Day
ahead
Deadline for bids
on Nord Pool
Spot exchange
Deadline
submission of
Schedules for TSO
Bidding on Elbas
and TSO’s
Regulating Power
Market
TSO maintains
physical balance
by use of
regulating power
13:00
Day of operation
Trade
Day Ahead
12:00
Operation
15:00
Settlement
Short Term - The Merit Order
Danish Market
EUR/MWh
Demand
Night
Supply
Day
Peak
Gas turbines
Price A
(low wind)
Condensing
plants
Price B
(high wind)
CHP
plants
Wind
MWh
1500
SEK/MWh
1300
Spotprices in SE and DK
1100
900
DK2
SE3
700
500
300
100
-100
2016-01-20 2016-01-21 2016-01-22 2016-01-23 2016-01-24 2016-01-25 2016-01-26 2016-01-27 2016-01-28 2016-01-29 2016-01-30 2016-01-31 2016-02-01 2016-02-02 2016-02-03
1500
SEK/MWh
1300
Spotprices in SE and DK
1100
900
700
500
300
100
-100
2016-01-20 2016-01-21 2016-01-22 2016-01-23 2016-01-24 2016-01-25 2016-01-26 2016-01-27 2016-01-28 2016-01-29 2016-01-30 2016-01-31 2016-02-01 2016-02-02 2016-02-03
DK2
CHP plant with accumulator
1500
SEK/MWh
1300
Spotprices in SE and DK
1100
900
700
500
300
100
-100
2016-01-20 2016-01-21 2016-01-22 2016-01-23 2016-01-24 2016-01-25 2016-01-26 2016-01-27 2016-01-28 2016-01-29 2016-01-30 2016-01-31 2016-02-01 2016-02-02 2016-02-03
DK2
Sund & Bælt wind farm – Sprogø – 21 MW
Managing Negative Spot Prices
Case: Sund & Bælt wind farm – 16. March 2014
Time-line power market
Nord Pool
publicies prices
and amounts
traded – Day
ahead
Deadline for bids
on Nord Pool
Spot exchange
Deadline
submission of
Schedules for TSO
Bidding on Elbas
and TSO’s
Regulating Power
Market
TSO maintains
physical balance
by use of
regulating power
13:00
Day of operation
Trade
Day Ahead
12:00
Operation
15:00
Settlement
Regulating prices
January
Managing Negative balancing Price
for regulating power
Case: Downward regulation – 9. August 2014
Upward: What you get paid to produce
Downward: What you can by back for
Neas Weather Desk
Neas Trading
6 Energy Meteorologists
24/7 environment
3rd party Suppliers
WEPROG (Ensemble)
ConWx (Physical)
Day ahead Market
Wind/PV Power
Forecast
Short Term
Intraday
Market
Day after
Market
Neas Energy
Weather Models
Online Data
& Production Data
Neas Tech Team
4 engineers – Communication
Exchange of signals
Regulating Power
Market
Asset management is changing
Day ahead Market
15
min
Intraday
Market
Regulating
Power Market
From Action
to
Interaction
”What happens in Vegas, stays in Vegas”
– does not apply
How does Neas Energy handle extreme
imbalance risk
24
• 24/7 trading floor – and weather desk
• Curve (Hedging), spot, intraday,
reserve/balancing
• Presence in 19 markets/countries
• Remote control management
• Asset monitoring incl. live data connections
• YR to 15 min products are traded
• In house analytic team
7
Our machine room
It’s all about being first mover.
Last mover is the loser.
Thank you for your attention
Sten Lillienau
Key Account Manager
[email protected]
+46 72 560 5895
Stockholm
Jens Tang
Vice President, Renewables Generation
[email protected]
+45 40 94 79 51
Aalborg
Web: www.neasenergy.com
Jesper Düring
Key Account Manager
[email protected]
+45 40 64 64 44
Aalborg