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Requirements for Strategic Reserves in a Liberalized Market with Wind Power
KTH, School of Electrical Engineering (EES). (IRES-Integration of Renewable Energy Sources)ORCID iD: 0000-0002-8189-2420
2018 (English)In: Electricity Markets with Increasing Levels of Renewable Generation: Structure, Operation, Agent-based Simulation, and Emerging Designs: Studies in Systems, Decision and Control 144 / [ed] Fernando Lopes ; Helder Coelho, Gewerbestrasse 11, 6330 Cham, Switzerland: Springer Publishing Company, 2018, 1:st, p. 165-185Chapter in book (Other academic)
Abstract [en]

The requirements concerning the reliability in power supply are high. This chapter addresses the issue of system adequacy, i.e., the need of enough installed capacity in each area to meet the load with an acceptable reliability. The challenge in liberalized markets is that the utilization time of rarely used peak units is so low that they will require extreme prices in order to be profitable. This has led to different methods including the creation of different types of capacity markets. The aim of this chapter is to analyze the connection between peak prices, system adequacy, needed size of a strategic reserve, i.e., the volume of the capacity market, and the impact of wind power on strategic reserves. The chapter uses data from Sweden to perform a detailed analysis of the influence of renewable generation on the capacity adequacy requirements for three different situations.

Place, publisher, year, edition, pages
Gewerbestrasse 11, 6330 Cham, Switzerland: Springer Publishing Company, 2018, 1:st. p. 165-185
Series
Springer: Studies in Systems, Decision and Control, ISSN 2198-4182, E-ISSN 2198-4190 ; 144
Keywords [en]
Electricity markets, reserve capacity, wind power
National Category
Electrical Engineering, Electronic Engineering, Information Engineering
Research subject
Energy Technology
Identifiers
URN: urn:nbn:se:kth:diva-225378DOI: 10.1007/978-3-319-74263-2_7Scopus ID: 2-s2.0-85042214143ISBN: 978-3-319-74261-8 (print)ISBN: 978-3-319-74263-2 (electronic)OAI: oai:DiVA.org:kth-225378DiVA, id: diva2:1194722
Note

QC 20180405

Available from: 2018-04-03 Created: 2018-04-03 Last updated: 2018-04-05Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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