1. More than 40% wind. How do the Danes do it?
Sten Lillienau

2. Pioneering Market
Denmark has always been an “experimental workshop” and leading market for developing the possibilities of distributed power production and interaction between wind power and CHP. In Denmark, more than 40% of the annual power production is wind power.

3. installed capacity Combined Heat
Portfolio Neas Energy
2,100 MW
installed capacity Combined Heat
and power
6,546 MW
installed capacity
Renewables
2.1 TWh
Supply & large
scale consumption

4. Time-line power market
Deadline for bids on Nord Pool Spot exchange
Nord Pool publicies prices and amounts traded – Day ahead
Deadline submission of Schedules for TSO
Bidding on Elbas and TSO’s Regulating Power Market
TSO maintains physical balance by use of regulating power
13:00
Day of operation
12:00
Trade
Day Ahead
Operation
Settlement
15:00

5. Short Term - The Merit Order Danish Market
Supply
Demand
Night
Day
Peak
Price A
(low wind)
Price B
(high wind)
EUR/MWh
MWh
Wind
CHP
plants
Condensing plants
Gas turbines

6. SEK/MWh
Spotprices in SE and DK

7. SEK/MWh
Spotprices in SE and DK

8. CHP plant with accumulator

9. SEK/MWh
Spotprices in SE and DK

10. Sund & Bælt wind farm – Sprogø – 21 MW

11. Managing Negative Spot Prices
Case: Sund & Bælt wind farm – 16. March 2014

12. Time-line power market
Deadline for bids on Nord Pool Spot exchange
Nord Pool publicies prices and amounts traded – Day ahead
Deadline submission of Schedules for TSO
Bidding on Elbas and TSO’s Regulating Power Market
TSO maintains physical balance by use of regulating power
13:00
Day of operation
12:00
Trade
Day Ahead
Operation
Settlement
15:00

13. Regulating prices
January

14. Managing Negative balancing Price for regulating power
Case: Downward regulation – 9. August 2014
Upward: What you get paid to produce
Downward: What you can by back for

15. Neas Weather Desk Neas Trading Neas Tech Team Wind/PV Power Forecast
6 Energy Meteorologists
24/7 environment
Day ahead Market
3rd party Suppliers
WEPROG (Ensemble) ConWx (Physical)
Wind/PV Power
Forecast
Short Term
Intraday
Market
Regulating Power Market
Day after
Market
Neas Energy
Weather Models
Online Data & Production Data
Neas Tech Team
4 engineers – Communication
Exchange of signals

16. Asset management is changing
15 min
Day ahead Market
Intraday
Market
From Action to
Interaction
Regulating
Power Market
”What happens in Vegas, stays in Vegas” – does not apply

17. How does Neas Energy handle extreme imbalance risk24 7
24/7 trading floor – and weather desk
Curve (Hedging), spot, intraday, reserve/balancing
Presence in 19 markets/countries
Remote control management
Asset monitoring incl. live data connections
YR to 15 min products are traded
In house analytic team

18. Our machine room It’s all about being first mover.
Last mover is the loser.
Our machine room

19. Thank you for your attention
Sten Lillienau Key Account Manager Stockholm Jens Tang Vice President, Renewables Generation Aalborg Web:
Jesper Düring
Key Account Manager
Aalborg