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Simulation of Trading Arrangements Impact on Wind Power Imbalance Costs
KTH, School of Electrical Engineering (EES), Electric Power Systems.ORCID iD: 0000-0001-6000-9363
2008 (English)In: 2008 10TH INTERNATIONAL CONFERENCE ON PROBABILISTIC METHODS APPLIED TO POWER SYSTEMS, NEW YORK: IEEE , 2008, 25-31 p.Conference paper, Published paper (Refereed)
Abstract [en]

Uncertain wind power forecasts is a disadvantage in an electricity market where the majority of the trading is performed several hours before the actual delivery. This paper presents a model which can be used to study how changes in the trading arrangement-in particular changing the delay time between closure of the spot market and the delivery period or changing the imbalance pricing system-would affect different players in the electricity market. The model can be used in Monte Carlo simulation, which is demonstrated for an example system.

Place, publisher, year, edition, pages
NEW YORK: IEEE , 2008. 25-31 p.
Keyword [en]
wind power generation, power generation economics, power system economics
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-30401ISI: 000271680900004Scopus ID: 2-s2.0-70349096787ISBN: 978-1-934325-21-6 (print)OAI: oai:DiVA.org:kth-30401DiVA: diva2:401045
Conference
10th International Conference on Probabilistic Methods Applied to Power Systems, Rincon, PR, MAY 25-29, 2008
Note
© 2008 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. QC 20110301Available from: 2012-01-23 Created: 2011-02-24 Last updated: 2012-01-23Bibliographically approved

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Amelin, Mikael

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CiteExportLink to record
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Citation style
  • apa
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