Establishing a Framework of the Open Maritime Electric Energy Market

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)