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Market Models

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Joris Berkhout edited this page Jul 4, 2016 · 27 revisions

As the technologies in the energy system change, so will the financial relations between the different stakeholders in the system. In ETMoses, it is possible to define these relations and create a so called market model. You can create a new market model or open an existing one from the Market Models menu. The simplest of all market models is shown in the image below.

Simple market model as defined in ETMoses

Attributes

Each relation in a market model has five attributes which are described in detail below.

  1. Payer: the stakeholder that has to pay for the measure

  2. Payee: the stakeholder that receives payment for the measure

  3. Measure: several pre-defined measures, e.g. kWh of electricity consumed, number of gas connections or flexibility realised

  4. Applied to stakeholder: allows you to define at which stakeholder the measure is actually measured.

  5. Tariff: choose from a fixed tariff, a user-defined price curve or merit order price curve as calculated for your local scenario in the Energy Transition Model

You can add as much relations or rules to a market model as you would like. The results are displayed in the main page of your LES (the businesscase) and are recalculated every time you change your LES.

Measures

  1. Gas kWh consumed: assign a price to the gas consumption
  2. Gas kWh produced: assign a price to the gas production
  3. Annual maximum kW load ("contracted"): assign a price to to maximum load as determined on an annual basis (this measure only works with a fixed price)
  4. Flexibility potential: assign a price to the available flexibility in kWh
  5. Flexibility realised: assign a price to the actual flexibility realised in kWh
  6. Instantaneous load: assign a price to the instantaneous load in kW
  7. Monthly maximum kW load: assign a price to to maximum load as determined on an monthly basis (this measure only works with a fixed price)
  8. Number of electricity connections: assign a price for the number of electricity connections (this measure only works with a fixed price)
  9. Number of gas connections: assign a price for the number of gas connections (this measure only works with a fixed price)
  10. kWh of electricity consumed: assign a price to the electricity consumption
  11. kWh of electricity produced: assign a price to the electricity production

Tariffs

It is possible to select one of three tariffs for each relation in the market model. These three tariffs are:

  1. Fixed-rate: a user-defined fixed rate assigned to the measure.

  2. Price curve: a time dependent price curve is assigned to the measure. These price curves or financial profiles are described in detail in the Profiles page of this Wiki.

  3. Merit price: the merit order price is calculated based on the electricity producers that were transferred from the local energy scenario to the LES. If the electricity consumption or production changes, the merit order is re-run to determine the price per kWh on a 15 minute basis.

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