You need to determine the bidding price for the next renewable energy auction in Germany?
It requires the following two steps to get to your bidding price:
- Find the feed-in-tariff that is needed in order to reach your hurdle rate (required price) in greenmatch:
Convert the required price into the bidding price according to the “Referenzertragsmodell”:
The following step-by-step guide shows you how to get to your bidding price with greenmatch.
Find the feed-in-tariff that is needed in order to reach your hurdle rate.
- Open the feed-in-tariff that is relevant for the auction.
Click on the “FiT-Solver” button (Note: The feed-in-tariff solver is currently only available for Sales objects with driver “Production”).
Enter your hurdle rate and click on the button “FiT-Solver”.
Save the calculated tariff by clicking on “Accept value” and check if the new Equity IRR corresponds to your hurdle rate.
- The required price in this example therefore is 6.94 Cent / kWh.
Convert the required price into the bidding price according to the “Referenzertragsmodel”
Together with Sterr-Kölln & Partner mbB we’ve developed a calculator for the bidding price.
- Download the bidding price calculator:
- Input the required price (in our example 6.94 cent / kWh)
3. Geben Sie den Referenzertrag gemäss Anhang 2 des EEG 2017 ein.
4. Get the production after losses from greenmatch. You can find it in the production section (make sure that the p-value is set to 50%). In our example the production after losses is equal to 34.073 MWh/a.
5. Input the production after losses into the bidding price calculator.
6. Insert the availability assumption from greenmatch.
The bidding price calculator outputs the following results:
a) the production that is relevant for the calculation of the “Gütefaktor” (availability is transformed into 98%, which is the limit that can be assumed as loss due to technical availability)
b) The “Gütefaktor” (production divided by reference production)
c) The correction factor
d) The bidding price (required price divided by correction factor)
