Establishing a Framework of the Open Maritime Electric Energy Market

Anastasios Manos, Dimitrios Lyridis and John Prousalidis ()
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Anastasios Manos: Hellenic Electricity Distribution Network Operator, 117 43 Athens, Greece
Dimitrios Lyridis: Laboratory for Maritime Transport, National Technical University of Athens, 157 80 Athens, Greece
John Prousalidis: School of Electrical and Computer Engineering, National Technical University of Athens, 157 80 Athens, Greece

Energies, 2023, vol. 16, issue 14, 1-19

Abstract: The paper introduces a framework of operation of maritime-related enterprises like port authorities and ship-owning or operating companies along with electric energy providers in the electric energy market as a consequence of the global decarbonization effort and, in particular, due to the implementation of ship electrification at berth. Within this context, the main rules of this energy market framework will consist of a proper combination of power purchase agreements along with contracts for difference in an attempt to obtain transactions that are mutually beneficial at least on a mid-term basis. The methodology, which is fully compatible with the electric energy market rules of the European Union, is enriched by a variety of alternative scenarios on the selling prices of electricity, showing that even when monthly or annual periods are used for reference, it is highly possible that all parties engaged have benefits.

Keywords: maritime electricity pricing; cold ironing; open electricity market; port electrification; power purchase agreement (PPA); contract for difference (CfD) (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
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