PhD on compensation mechanisms to mitigate risks for offshore wind developers

at  KU Leuven

PHD ON COMPENSATION MECHANISMS TO MITIGATE RISKS FOR OFFSHORE WIND DEVELOPERS

(ref. BAP-2024-526)
Laatst aangepast: 26/07/24
KU Leuven is among the best 100 universities in the world according to both Times Higher Education World Rankings and QS World University Rankings. It can look back on a long tradition of pioneering research and high-quality education. Within the Electrical Energy Systems and Applications (Electa) division of the Department of Electrical Engineering (ESAT) at KU Leuven, a new but growing research team led by prof. Leonardo Meeus conducts research on the latest developments in European electricity markets using regulatory impact assessments and optimization models. The team collaborates closely with the Electricity Area of the Florence School of Regulation, which focuses on applied research, policy events, and training on the most topical electricity policy and regulatory issues.
Our projects aim to be at the interface between the world of practice and traditional academic research. We are committed to fostering a diverse and inclusive working environment that fosters teamwork and growth.
For more information, visit https://research.kuleuven.be/en/career/phd, https://www.esat.kuleuven.be/electa/information and https://fsr.eui.eu/energy/electricity/.

• Exploring the conditions and magnitude of the risks faced by offshore wind developers, by examining when and how congestion restricts the access wind generation to onshore bidding zones and creates price collapses in offshore bidding zones.
• Developing optimisation models to examine different TAG schemes with design parameters such as the conditions to activate the compensation, the volume to be compensated, the compensation price and the party responsible for the payment. The models will represent the current market configuration and transmission system in Belgium and the neighbouring countries.
• Assessing the efficiency of different TAG schemes in mitigating the risks faced by offshore wind developers and examining possible consequences of TAG on other stakeholders, such as market participants and TSOs. The impact on the overall market efficiency (generation volumes, demand volumes, and resulting varying prices) will also be analysed