Description
SUMMARY
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1Â Â Â Â Introduction. 6
1.1Â Â Â Â Â Â Â Expanding Renewable Energy and Storage Capacity. 6
1.2Â Â Â Â Â Â Â Supply Demand Mismatch. 6
1.3Â Â Â Â Â Â Â New mechanism to develop storage capacities: MACSE. 7
1.4Â Â Â Â Â Â Â Insight into Mechanism.. 7
1.5Â Â Â Â Â Â Â BESS Projects pipeline and STMG/Grid Connection requests. 8
1.6Â Â Â Â Â Â Â Scale of capacity to be developed under the mechanism.. 9
1.7Â Â Â Â Â Â Â Regional Dynamics and Strategic Implications of Italy’s Energy Storage Expansion. 11
2Â Â Â Â CAPACITY MARKET vs MACSE. 12
2.1Â Â Â Â Â Â Â Capacity Market 12
2.2Â Â Â Â Â Â Â MACSE. 12
3Â Â Â Â MACSE : The Mechanism.. 14
3.1Â Â Â Â Â Â Â Documents of the Mechanism.. 14
4Â Â Â Â Study on Reference Technologies for Electricity Storage. 14
4.1Â Â Â Â Â Â Â Eligible Storage Technologies. 15
4.2Â Â Â Â Â Â Â Storage Technical Characteristics. 15
4.2.1Â Â Â Â Round Trip Efficiency (RTE) 15
4.2.2Â Â Â Â Duration of storage. 15
4.2.3Â Â Â Â State of Health (SOH) degradation. 16
4.2.4Â Â Â Â Regulation Services. 16
4.2.5Â Â Â Â Unavailability. 16
4.2.6Â Â Â Â Useful Life. 16
4.2.7Â Â Â Â Optimal SOC Range (%) 17
4.3Â Â Â Â Â Â Â Other Performance criteria. 17
4.4Â Â Â Â Â Â Â Investment and operational costs. 18
4.4.1Â Â Â Â Capital Expenditure (CAPEX) 18
4.4.2Â Â Â Â Operational Expenditure (OPEX) 19
4.4.3Â Â Â Â CONE. 20
5Â Â Â Â Definition of Discipline. 22
5.1Â Â Â Â Â Â Â Auction Schedule. 22
5.2Â Â Â Â Â Â Â Project construction timeline. 23
5.3Â Â Â Â Â Â Â Auction Participation Requirements. 23
5.4Â Â Â Â Â Â Â Eligible Criteria for Storage. 23
5.4.1Â Â Â Â Requirements for Qualifying. 23
5.4.2Â Â Â Â National Capacity requirements, Quota per Area and Delivery Periods. 24
5.4.3Â Â Â Â Selection Algorithm.. 25
5.5Â Â Â Â Â Â Â Remuneration. 25
5.6Â Â Â Â Â Â Â Coefficients. 26
5.6.1Â Â Â Â Extra-Performance Coefficients. 26
5.6.2Â Â Â Â Area Coefficients. 28
5.6.3Â Â Â Â Participant Bid Calculation. 29
5.6.4Â Â Â Â Auction Price Cap. 30
5.7Â Â Â Â Â Â Â Obligation and options for Assignees. 30
5.8Â Â Â Â Â Â Â MACSE Revenues and Upsides. 31
5.8.1Â Â Â Â During MACSE Contract 31
5.8.2Â Â Â Â Upsides: Merchant Operation Before and After MACSE Contract 32
5.8.3Â Â Â Â Mechanism design and payment flows. 32
5.9Â Â Â Â Â Â Â The Introduction of TIDE and Its Impact on Energy Storage System Participation. 33
5.10Â Â Â Â Â Time Shifting Contracts. 34
5.10.1Â Â Â Â Â Â Contracts Characteristics. 34
5.10.2Â Â Â Â Â Â Validity period. 35
5.10.3Â Â Â Â Â Â Rights and Responsibilities of Market Operators in Time Shifting Contracts on the GME Platform.. 35
5.10.4Â Â Â Â Â Â Time Shifting Trading Platform.. 36
6Â Â Â Â Conclusions. 36
7Â Â Â Â Bibliography. 39