Simulation of Trading Arrangements Impact on Wind Power Imbalance Costs
2008 (English)In: 2008 10TH INTERNATIONAL CONFERENCE ON PROBABILISTIC METHODS APPLIED TO POWER SYSTEMS, NEW YORK: IEEE , 2008, 25-31 p.Conference paper (Refereed)
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.
wind power generation, power generation economics, power system economics
Other Electrical Engineering, Electronic Engineering, Information Engineering
IdentifiersURN: urn:nbn:se:kth:diva-30401ISI: 000271680900004ScopusID: 2-s2.0-70349096787ISBN: 978-1-934325-21-6OAI: oai:DiVA.org:kth-30401DiVA: diva2:401045
10th International Conference on Probabilistic Methods Applied to Power Systems, Rincon, PR, MAY 25-29, 2008
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QC 201103012012-01-232011-02-242012-01-23Bibliographically approved