Seminars & webinars
15 March 2018

FEEM-IEFE Joint Seminar on "Market design for energy storage systems"


Where: Milan
Location:

Bocconi University,
room 5.c4.sr03, 5th floor
via Roentgen, 1
20136 Milan
Please note: Guests to Bocconi University, who do not possess an official Bocconi ID Card or Visitor's Pass, are kindly requested to arrive at least 20 minutes prior to the seminar, to register at the reception and receive a visitor day pass.
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video-conference (at FEEM Venice) and GoToMeeting broadcast available

Event's Timetable:

h. 12.30 Seminar
In Milan a light lunch will follow the seminar for registered participants.

Information:

Registration is required. Please confirm your participation to:
IEFE Secretary: iefe@unibocconi.it by Tuesday 13 March.
To attend the seminar in Venice or via GoToMeeting, please register here.

Speakers:

Miguel Vazquez, Market Design Advisor, Florence School of Regulation

Abstract

Most of the studies that can be found in the literature analyze storage from a user’s point of view (the kind of service storage provides). Moreover the analysis of such literature suggests different approaches providing a framework for the various services which could be provided by storage technologies, mostly batteries. However, from a market design point of view, it is important to analyze the question in terms of who offers storage services. This will be the aim of this lecture.

First, we may consider that there are two relevant “arenas” for storage services:
- Time shift – Buy and sell energy in different periods (including energy related to ancillary services)
- Locational shift – Avoid the need to transport energy from one point to another, i.e. the need to use transmission and/or distribution networks

Consequently, this involves two kinds of regulatory challenges, because storage compete with different types of services:
- Wholesale market design – Flexibility services can be sold in “competitive” wholesale markets (energy, ancillary services, etc.); hence, markets rules should allow storage services to compete in a non-discriminatory manner with other services (e.g. utility-scale storage vs. CCGTs).
- Regulation of energy networks – Storage services may avoid the use of “regulated” networks; consequently, network rules should allow them to compete in a technologically neutral manner (e.g. utility-scale storage vs. transmission upgrades).

Using this framework, we will compare regulatory experiences in the US and Germany, in order to identify general trade-offs for market designs.

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This seminar has been jointly organized by FEEM and IEFE, Bocconi University.

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