Project

CROCODILE - Cross-border Coordination of Offshore Grids under Different Designs for Day-Ahead and Ancillary Service Markets

Acronym
CROCODILE
Code
160D05624
Duration
01 November 2024 → 31 October 2027
Research disciplines
  • Social sciences
    • Agricultural and natural resource economics, environmental and ecological economics
    • Markets, market structures, pricing and design
  • 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.