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2016 13th International Conference on the European Energy Market (EEM) 2016
DOI: 10.1109/eem.2016.7521342
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Economics of control reserve provision by fluctuating renewable energy sources

Abstract: The delivery of control reserve by fluctuating renewable energy sources (RES) generators will be important in an energy system with high RES penetration. This paper extends a previously introduced methodology to quantify the possible additional income of different pools of fluctuating RES generators in the negative secondary and tertiary control reserve market in Germany. The updated methodology allows concluding on the ideal market conditions by comparing different pool types and years. The development of the… Show more

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Cited by 2 publications
(3 citation statements)
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References 69 publications
(88 reference statements)
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“…Although we aim to present a broad technical and financial analysis, there are numerous considerations that are not examined here. Examples include wake effects in wind farms (see van Wingerden et al, 2017) and the effects of market prices (see Holttinen et al, 2016;Jansen, 2016. The effect of providing system services on the lifetime of wind turbines is also not examined here. This is of particular interest to wind turbine manufacturers and equipment owners.…”
Section: Limitationsmentioning
confidence: 99%
“…Although we aim to present a broad technical and financial analysis, there are numerous considerations that are not examined here. Examples include wake effects in wind farms (see van Wingerden et al, 2017) and the effects of market prices (see Holttinen et al, 2016;Jansen, 2016. The effect of providing system services on the lifetime of wind turbines is also not examined here. This is of particular interest to wind turbine manufacturers and equipment owners.…”
Section: Limitationsmentioning
confidence: 99%
“…They rely on a very low quantile of the aggregated production forecast. The nominal value of this quantile is set to a constant that is close to the acceptable failure rates defined by TSOs when sizing AS (typically 0.006%-1% [9]). 2.…”
Section: Overview Of Proposed Methodologymentioning
confidence: 99%
“…The observed reliability of the offer (defined as the difference in volume between offered reserve capacity and measured feed-in, compensated for any reserve activation) is 99.3%. In [9] Jansen models reserve bids based on opportunity costs or profit maximization. Capacity volumes are chosen from a forecast quantile, whose nominal value matches the observed reliability of reserve offers by conventional plants (99%-99.994%).…”
mentioning
confidence: 99%