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Faculté des Sciences appliquées
Faculté des Sciences appliquées
MASTER THESIS
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Securing Energy Futures: Exploring Belgium's Capacity Remuneration Mechanism

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Bouwers, Nanda ULiège
Promotor(s) : Cornélusse, Bertrand ULiège
Date of defense : 24-Jun-2024/25-Jun-2024 • Permalink : http://hdl.handle.net/2268.2/20436
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Title : Securing Energy Futures: Exploring Belgium's Capacity Remuneration Mechanism
Translated title : [fr] Assurer l'avenir énergétique : Exploration du mécanisme de rémunération de capacité en Belgique
Author : Bouwers, Nanda ULiège
Date of defense  : 24-Jun-2024/25-Jun-2024
Advisor(s) : Cornélusse, Bertrand ULiège
Committee's member(s) : Quoilin, Sylvain ULiège
Gerard, Thibaut 
Language : English
Number of pages : 54
Keywords : [en] Capacity Remuneration Mechanism (CRM)
[en] Low Voltage Assets
[en] ThermoVault
[en] Energy Management
[en] Demand Response
[en] Baseline Methodologies
[en] Capacity Markets
[en] Distributed Energy Resources (DER)
[en] Service Level Agreement (SLA)
[en] Historical Data Analysis
[en] Unit Remuneration
[en] Baseline Computation
[en] Energy Policy
Discipline(s) : Engineering, computing & technology > Electrical & electronics engineering
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master : ingénieur civil électricien, à finalité spécialisée "Smart grids"
Faculty: Master thesis of the Faculté des Sciences appliquées

Abstract

[en] This thesis explores the integration of low-voltage assets into Belgium’s Capacity Remuneration Mechanism (CRM), focusing on ThermoVault, a company that retrofits residential thermal appliances with intelligent IoT modules. The primary objective is to assess the feasibility
and benefits of ThermoVault’s participation in the Y-4 auction for the 2028-2029 delivery
period.
The research includes an assessment about the need for capacity mechanisms and an overview
of European capacity remuneration mechanisms, providing context for the CRM’s design. The
Belgian CRM is then explored more in detail, leading to an analysis of ThermoVault’s possible
participation in it. The analysis utilizes historical data from a pool of electric storage water
heaters (ESWH) over 2023 to evaluate different baseline methodologies, focusing on the "High
X of Y " method currently used in Belgium.
Results indicate that ThermoVault’s assets can meet CRM requirements, although the unit
remuneration values are relatively low. This necessitates an internal evaluation of whether
the administrative efforts are justified. The study highlights the need to explore alternative
baseline methodologies, such as the declarative baseline methodology, and suggests investigating the remuneration potential for other low-voltage Capacity Market Units (CMUs) in
future research.
This thesis offers insights into integrating low-voltage assets into capacity markets, providing valuable information for policymakers, industry stakeholders, and companies like ThermoVault in enhancing grid reliability and sustainability.


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Author

  • Bouwers, Nanda ULiège Université de Liège > Mast. ing. civil. electr. fin. spéc. smart grids

Promotor(s)

Committee's member(s)

  • Quoilin, Sylvain ULiège Université de Liège - ULiège > Département d'aérospatiale et mécanique > Systèmes énergétiques
    ORBi View his publications on ORBi
  • Gerard, Thibaut
  • Total number of views 20
  • Total number of downloads 1










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