a b s t r a c tThe increasing penetration of renewable energy sources in Europe requires market mechanisms which allow an efficient balancing of these sources. This paper analyzes the participation of renewable generators in the Spanish intraday market. First, the organization of the intraday market and the short-term market mechanisms influencing intraday trading are described. After that, day-ahead and intraday market prices, as well as intraday trading volumes, are used to study the behavior of market agents in the Spanish intraday market. Regarding renewable generators, the influence of support schemes on the behavior of these agents in the intraday market is also analyzed. This paper shows that the Spanish intraday market has effectively contributed to renewable generation balancing. Despite this, market distortions have incentivized some renewable generators to arbitrate between the day-ahead and intraday markets, giving rise to higher system costs. Based on the presented analysis, it is argued that these distortions need to be removed from short-term markets to incentivize market parties, especially intermittent generators, to reduce forecast errors over time, improving economic efficiency and avoiding the use of costly balancing actions performed by the System Operator.
Increasing penetration of intermittent energy sources in power systems has been requiring higher operational flexibility and cross-border transmission capacity. Intermittent generation, especially wind and solar power, has grown significantly in the Iberian Peninsula during the last decade and it will keep growing in the next year. Owing to limited interconnection capacity with the French and the Moroccan power systems, generation intermittency has been dealt with mostly within Spain and Portugal, helped by a flexible generation mix. Despite the relatively high flexibility of the Iberian system, in some situations, renewable generation output had to be curtailed. In general, renewable energy curtailment is an emergency action taken in case of network constraints or in case of generation surplus at single node. This emergency action is expected to be more common in the near future if no additional operating measures are taken. This study focuses on the expansion of interconnection capacity that would be required in order to integrate intermittent generation surplus in the Iberian Peninsula in the period 2020-2050. For this purpose, the trade-off between transmission investment costs and the costs of renewable energy curtailment is analysed. Results for different intermittent generation levels and price scenarios are presented and discussed.
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