Goran Cogelja, M'Sc'

1
THE ROLE OF HYDROENERGY IN THE LIBERALIZED MARKET

• Goran Cogelja, M.Sc.
• Atanasko Tuneski, Ph.D.

2
ACTUAL ROLE OF HPP

• Part of primary regulation
• Secondary regulation
• Terciary regulation
• Regulation of exchange program
• Biological minimum
• Melioration needs
• Spin reserve, e.t.c ...

3
CLASSICAL DAILY DIAGRAM
LT
HT
LT
LT
HT
4
PERCENTAGE PART OF THE VARIBLE ENERGY IN THE
DAILY DIAGRAM 26.66
 
5
PERCENTAGE PART OF THE VARIABLE ENERGY FINANCIAL
EFFECT IN THE DAILY DIAGRAM 30.37
6
CLASSICAL DAILY DIAGRAM variable part
7
MW
h
1 6 12
18 24
8
January
April
February
May
March
June
9
July
October
August
November
September
December
10
PRICING METHODOLOGY
H O W ?
11
PRICING METHODOLOGY REGULATED TARIFFS CASE 1.
OVERTAKEN
Schedule
75 MW
Peak Load
75 MW 49 3675
12
PRICING METHODOLOGY REGULATED TARIFFS CASE 1.
OVERTAKEN
Real
Peak Load
83 MW
75 MW 49 3675
Balancing
83 75 8 MW 1.5 49 588
TOTAL
DIFERENCE
4263
196
13
PRICING METHODOLOGY REGULATED TARIFFS CASE 2.
LESS TAKEN
Schedule
75 MW
Peak Load
75 MW 49 3675
14
PRICING METHODOLOGY REGULATED TARIFFS CASE 2.
LESS TAKEN
Real
Peak Load
69 MW
69 MW 49 3381
Balancing
75 69 6 MW 0.15 49 44.1
TOTAL
DIFERENCE
3425.1
44.1
15
PERCENTAGE PART OF THE FINANCIAL EFFECT OF THE
VARIABLE AND BALANCING ENERGY IN THE DAILY
DIAGRAM 31.76
1.39
16
TOTAL FINANCIAL EFFECT OF THE BALANCING ENERGY
DURING ONE YEAR
In 000
4 720 256,25
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C O N C L U S I O N

• Correct valuation of the hydro energy
• Increase of the financial effects of HPP
• Ensure new investments in HPP
• Benefits in evaluation of new HPP projects
  sustainability
• Shorter period of return of investments
• Better credit and financial conditions

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THANK YOU FOR YOUR ATTENTION