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.. SPDX-FileCopyrightText: ASSUME Developers | ||
.. | ||
.. SPDX-License-Identifier: AGPL-3.0-or-later | ||
###################### | ||
Support Policies | ||
###################### | ||
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Support Policies are a very important feature when considering different energy market designs. | ||
A support policy allows to influence the cash flow of unit, making decisions more profitable. | ||
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One can differentiate between support policies which influence the available market capacity (product_type=`energy``) and those which do not. | ||
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If the product_type is `energy`, the volume used for the contract can not be additionally bid on the EOM. | ||
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Example Policies | ||
===================================== | ||
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Feed-In-Tariff - FIT | ||
-------------------- | ||
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To create a Feed-In-Tariff (Einspeisevergütung) one has a contract which sets a fixed price for all produced energy. | ||
The energy can not be additionally sold somewhere else (product_type=`energy`). | ||
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The Tariff is contracted at the beginning of the simulation and is valid for X days (1 year). | ||
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The payout is executed on a different repetition schedule (monthly). | ||
For this, the output_agent is asked how much energy an agent produced in the timeframe. | ||
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This is essentially the same as a Power Purchase Agreement (PPA), except that the payment of FIT is continuous and not monthly or yearly. | ||
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Fixed Market Premium - MPFIX | ||
---------------------------- | ||
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A market premium is paid on top of the market results, based on the results. | ||
As the volume does not influcence the market bidding, the product_type is `financial_support` | ||
So a Market premium is contracted at the beginning of the simulation and is valid for X days (1 year). | ||
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The payout is executed on a different repetition schedule (monthly). | ||
For this, the output_agent is asked how much energy an agent produced in the timeframe and what the clearing price of the market with name "EOM" was. | ||
The differences are then calculated and paid out on a monthly base. | ||
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This mechanism is also known as One-Sided market premium | ||
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Variable Market Premium - MPVAR | ||
------------------------------- | ||
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The Idea of the variable market premium is to be based on some kind of market index (like ID3) received from the output agent. | ||
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Capacity Premium - CP | ||
--------------------- | ||
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A capacity premium is paid on a yearly basis for a technology. | ||
This is done in € per installed MW of capacity. | ||
It allows to influence the financial flow of plants which would not be profitable. | ||
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Contract for Differences - CfD | ||
------------------------------ | ||
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A fixed LCoE is set as a price, if an Agent accepts the CfD contract, | ||
it has to bid at the hourly EOM - the difference of the market result is paid/received to/from the contractor. | ||
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Swing Contract | ||
-------------- | ||
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Actor | ||
^^^^^ |