Research disciplines
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Social sciences
- Agricultural and natural resource economics, environmental and ecological economics
- Markets, market structures, pricing and design
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Engineering and technology
- Renewable power and energy systems engineering
Keywords
electricity market design
offshore wind
offshore bidding zones
Project description
CROCODILE aims at fostering offshore wind integration by de-risking offshore infrastructure investments by means of analysing the efficiency of offshore grid market design and
implementation choices with respect to day-ahead markets, balancing needs, reserve sizing and long-term incentive requirements such as power purchase agreements (PPAs). The analysis will be conducted from the perspective of all stakeholders in order to facilitate the participation of large off-takers, citizens, SMEs and local governments. Eventually recommendations will be provided to maximize the welfare impact of offshore investments for all stakeholders.