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PVs without set-point systems to face hefty costs | ENERGYPRESS

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rel="bookmark" title="Permanent Link to RES investment interest now focused on wind power ">RES investment interest now focused on wind power </a> </div> <div class="related-title"> <a href="https://energypress.eu/ppc-pursuing-flexibility-projects-to-offset-risk-of-growing-res-portfolio/" rel="bookmark" title="Permanent Link to PPC pursuing projects offering flexibility to offset RES risk ">PPC pursuing projects offering flexibility to offset RES risk </a> </div> </div> </div><!-- #secondary --> <div id="primary" class="content-area-single"> <main id="main" class="single-main" role="main"> <article id="post-45522" class="post-45522 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-dapeep tag-energy-ministry tag-renewables-2 tag-set-point-method tag-solar"> <header class="entry-header"> <h1 class="entry-title">PVs without set-point systems to face hefty costs</h1> <!-- <div class="entry-meta"> --> <!--</div>--><!-- .entry-meta --> </header><!-- .entry-header --> <div class="entry-content"> <p>Installing set-point equipment at grid-linked solar farms with capacities over 400 kW benefits renewable energy producers, according to green aggregator representatives, as, regardless of potential penalties from the energy ministry for not installing this technology, it provides a crucial advantage by enabling remote management of photovoltaic systems to adjust production capacity in real time.</p> <p>PV projects that lack remote control capabilities are highly likely to face revenue curtailment during periods of excess renewable energy generation, according to the green aggregator representatives.</p> <p><span data-state="closed">Market measures being introduced to address these conditions are likely to lead to the emergence of negative prices in the day-ahead market, requiring photovoltaic systems without remote control to compensate for the energy they inject into the grid.</span></p> <p>It is worth noting that one such intervention is the reintroduction of negative prices in the Balancing Market, starting at moderate levels. In practical terms, this introduces a financial &#8220;signal,&#8221; meaning that any breaches by green aggregators of the Purchase Programs may result in the risk of incurring costs for deviations in the Balancing Market.</p> <p>Under the penalty system introduced by the energy ministry, solar energy producers with capacities of over 1 MW will be required to return 25 percent of the revenues earned from wholesale markets, without being entitled to any compensation from DAPEEP, the RES market operator, for the energy they have generated.</p> <p>A corresponding penalty is expected to apply for smaller PV units with capacities between 400 KW and 1 MW.</p> <p>The ministry recently decided to extend an October 31 deadline for set-point installations required by RES producers with large-scale photovoltaics of over 1 MW to December 31. 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