Market integration of wind power in electricity system balancing

Sorknæs, Peter; Andersen, Anders Nyboe; Tang, Jens; Strøm, Sune

doi:10.1016/j.esr.2013.01.006

Cited by 51 publications

(38 citation statements)

References 23 publications

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“…The gate closure of these markets is very short, such that bids can be submitted until shortly before real time. Denmark (energinet.dk 2008, Andersen et al 2012, Sorknaes et al 2013) and The Netherlands (TenneT 2011) are examples of such energy markets. TenneT argues that this feature is a key reason for lower costs in The Netherlands compared to Germany.…”

Section: Policy Options: Lowering Entrance Barriersmentioning

confidence: 99%

See 1 more Smart Citation

Balancing power and variable renewables: Three links

Hirth

Ziegenhagen

2015

Renewable and Sustainable Energy Reviews

267

148

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-Balancing power is used to quickly restore the supply-demand balance in power systems. The need for this tends to be increased by the use of variable renewable energy sources (VRE) such as wind and solar power. This paper reviews three channels through which VRE and balancing systems interact: the impact of VRE forecast errors on balancing reserve requirements; the supply of balancing services by VRE generators; and the incentives to improve forecasting provided by imbalance charges. The paper reviews the literature, provides stylized facts from German market data, and suggests policy options. Surprisingly, while German wind and solar capacity has tripled since 2008, balancing reserves have been reduced by 15%, and costs by 50%.

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Section: Policy Options: Lowering Entrance Barriersmentioning

confidence: 99%

“…The security level of 99.994% corresponds to the average availability of thermal plants that had bid in the balancing power market. Such forecasts are used in practice in Denmark, where wind power supplies balancing services (Sorknaes et al 2013). …”

Section: Providing Balancing Power With Vre Generatorsmentioning

confidence: 99%

Balancing power and variable renewables: Three links

Hirth

Ziegenhagen

2015

Renewable and Sustainable Energy Reviews

267

148

View full text Add to dashboard Cite

show abstract

“…TSOs in the Nordic area recognized the importance and benefits of the market integration of wind power in electricity system balancing. The analysis made in [50], where a 21 MW wind farm has been tested, showed that the wind farm is able to play a proactive role regarding downward regulation.…”

Section: Procurement Of Ancillary Servicesmentioning

confidence: 99%

Electricity Market Design in Croatia within the European Electricity Market—Recommendations for Further Development

et al. 2018

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Abstract:One of the most important objectives of the European Union is the creation of an Internal Electricity Market (IEM) in Europe. Various national electricity market designs represent one of the major obstacles to the creation of IEM and it is necessary to coordinate national market designs among Member States in order to achieve that. Therefore, this paper gives a comprehensive overview of the electricity market design according to laws related to the electricity sector that are in force in Croatia. Additionally, the paper identifies key obstacles that hamper the development of a well-functioning electricity market in Croatia towards its further integration into the IEM. Since Croatian Power Exchange (CROPEX) is not coupled with any other power exchange, special attention was given to necessary prerequisites for market coupling with the Slovenian Power Exchange (BSP SouthPool) and with the Hungarian Power Exchange (HUPX).

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“…Power plants can resubmit generation scheduling on the intraday market if prediction error exists in the day-ahead market. Power plants should pay fines for errors when the practical generating volume is less than the cleared generating volume determined on the day-ahead market and the difference in excess of f kp [28,29]. Similarly, the profit in the intraday market can be written as:…”

Section: Non-cooperative Game Among Power Plantsmentioning

confidence: 99%

Game-Based Generation Scheduling Optimization for Power Plants Considering Long-Distance Consumption of Wind-Solar-Thermal Hybrid Systems

Yuan

Sun

et al. 2017

Energies

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Abstract:With the increasing penetration of renewable energy in power systems, fluctuation of renewable energy power plants has great influence on stability of the system, and renewable power curtailment is also becoming more and more serious due to the insufficient consumptive ability of local power grid. In order to maximize the utilization of renewable energy, this paper focuses on the generation scheduling optimization for a wind-solar-thermal hybrid system considering that the produced energy will be transmitted over a long distance to satisfy the demands of the receiving end system through ultra-high voltage (UHV) transmission lines. Accordingly, a bilevel optimization based on a non-cooperative game method is proposed to maximize the profit of power plants in the hybrid system. Users in the receiving end system are at the lower level of the bilevel programming, and power plants in the transmitting end system are at the upper level. Competitive behavior among power plants is formulated as a non-cooperative game and the profit of power plant is scheduled by adjusting generation and bidding strategies in both day-ahead markets and intraday markets. In addition, generation cost, wheeling cost, and carbon emissions are all considered in the non-cooperative game model. Moreover, a distributed algorithm is presented to obtain the generalized Nash equilibrium solution, which realizes the optimization in terms of maximizing profit. Finally, several simulations are implemented and analyzed to verify the effectiveness of the proposed optimization method.

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Market integration of wind power in electricity system balancing

Cited by 51 publications

References 23 publications

Balancing power and variable renewables: Three links

Balancing power and variable renewables: Three links

Electricity Market Design in Croatia within the European Electricity Market—Recommendations for Further Development

Game-Based Generation Scheduling Optimization for Power Plants Considering Long-Distance Consumption of Wind-Solar-Thermal Hybrid Systems

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