RES market operator DAPEEP plans to develop a reliable projection tool of its own forecasting target model-related output by the country’s renewable energy sector through operating aid contracts with a fixed tariff as well as power purchased agreements. The objective of the operator’s initiative is to eliminate RES special account costs created by discrepancies.
To date, DAPEEP has relied on data provided by power grid operator IPTO, resulting in significant discrepancy costs impacting the RES special account.
Between November 1, when the target model’s new wholesale electricity markets were launched, and January 3, the RES special account’s discrepancy cost has averaged 11 euros per MWh represented by DAPEEP.
By comparison, no such cost was registered for the RES special account between November, 2011 and November, 2020, the final year of the mandatory pool. On the contrary, the RES special account benefited at an average rate of 0.12 euro per MWh during this ten-year period.
DAPEEP wants to develop a new custom-made projection tool from scratch, instead of relying on any ready-made platform. The tool’s design will take into account the details of local wholesale electricity markets, sources informed.
DAPEEP chief executive Yiannis Giarentis acknowledged that projections offered by IPTO were designed for a different purpose, namely energy distribution, whereas the RES operator wants a tool minimizing any penalty costs for the RES special account.