Tim Schittekatte @SchTim1

Senior Director @FTIConsulting, working on power markets. Part-time prof @FSR_energy. Former @MITSloan @IUECalcio @FcPoesele London, England Joined May 2019

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Tim Schittekatte @SchTim1

11 months ago

@maurerchr Why is it much more problematic for many to accept marginal pricing when apllied to electricity when all commodities in the world apply the same principle? A question for sociologists/psychologists. Perhaps because techs producing it ("the same thing") are so visibly different?

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Tim Schittekatte @SchTim1

12 months ago

@ArushiSF @MegaWattXinfo Understandable, would have been great to hear your opinion in it though. There is lots of misunderstabding about this on the other side of the Atlantic!

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Tim Schittekatte @SchTim1

12 months ago

@jackrdsn If we cant give the proper price signals via wholesale markets, 2nd best is likely to guide their siting via central planning and give over their operational control to NESO. All the stuff in the middle will likely create more damage than benefits. Is that the 2nd best we want?

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Tim Schittekatte @SchTim1

a year ago

@alistairmcgirr @jackrdsn @ClemCowton Great to see you are reading our publications @alistairmcgirr ! What do you think of the paper? Worth citing where you got the figure from, it provides some more arguments why zonal would be the right thing (for those that needed more convincing): fticonsulting.com/insights/repor…

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Sam Richards @sjarichards

2 years ago

Renewable energy is cheap - so why doesn't that feed into lower bills? Energy market reform sounds intensely boring - but it's crucial to getting bills down. Local pricing would cut bills across Britain - and slash them in the places that actually build new clean energy.

Britain Remade @BritainRemade

2 years ago

The Government should back cheaper local energy. By slashing the cost of energy for those who live close to where it’s produced we can cut bills for everyone, putting more money in people’s pockets and encouraging businesses to invest and create jobs.

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Tim Schittekatte @SchTim1

2 years ago

@KVoorspools Hi Kris, wat is de bron van die figuur? Merci

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Tyler Norris @tylerhnorris

2 years ago

A new article @ScienceMagazine by @mitceepr @MITSloan scholars makes a welcome contribution to interconnection reform dialogue, including thoughtful discussion on connect & manage. (1/4) science.org/doi/10.1126/sc…

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Sam Hamels @SamHamels

2 years ago

📢What's next in Flexibility?⚡️ 🗓️Registrations are now open for our event in Ghent on 03/09 🤩Keynote speaker from Octopus UK! 💁‍♂️More info: energhentic.be/nextinflex2024

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Tim Schittekatte @SchTim1

2 years ago

@JesseJenkins @heatmap_news @mitceepr Thanks for sharing our paper @JesseJenkins, glad to see you are on board with this concept of which the basics were introduced a long time ago by our common Spanish friends.

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Jesse D. Jenkins @JesseJenkins

2 years ago

For those interested in learning more about the network subscription charges I discussed on the pod, check out this @mitceepr working paper by @SchTim1 & others ceepr.mit.edu/workingpaper/d… I also didnt get into this on the pod, but one could also offer discounted subscriptions for those who sign up for managed charging/aggregation programs that can confidently avoid local & system-wide network peaks.

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Tim Schittekatte @SchTim1

2 years ago

@MiguelGilTertre @pcramton @eprgcambridge Should have notified you @MiguelGilTertre - sure we'll get another occassion soon

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Tim Schittekatte @SchTim1

2 years ago

Now that the EU energy crisis is winding down, the attention is slowly shifting again to one of the key electricity market design debates being locational wholesale pricing. Good to see @pcramton reminding us of the current status and way forward @eprgcambridge

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Tim Schittekatte @SchTim1

2 years ago

@ingmarschlecht Dont get me wrong, obv these production independent CfDs are a no-regret. But to get scheduling right, there is much more reforming of the current market design to be done.

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Tim Schittekatte @SchTim1

2 years ago

@ingmarschlecht Agreed it would help but it is not fundamental solution to this issue, nor is LMP - combine those plus some inertia requirement in the DA clearing (you need central scheduling for that) and we're almost there

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Tim Schittekatte @SchTim1

2 years ago

@ingmarschlecht Is it only about inertia? Often its a combo. If you would have locational pricing you would likely fire up some sync gens in the south already via the wholesale market as the wind would be more directly curtailed at DA, reducing the likelihood of this occuring.

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Tim Schittekatte @SchTim1

2 years ago

@RubenBaetens @SamHamels @FlDeveuster @BartJocque Ze zetten wel de prijs aan de marge en LT-contracten reflecteren verwachte day-ahead prijzen (indien dat niet zo zou zijn, exclusief risico-premie, zou er direct arbitrage zijn).

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Tim Schittekatte @SchTim1

2 years ago

@fnbillimoria @chris___neumann Fully agreed and GB can go that way as it is an island with one ISO. This would be much harder in continental EU with many TSO running their own OPFs, at least for now (movement in that direction with the regionalisation of some SO tasks).