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Impact assessment of wind power and demand side management on day-ahead market prices
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2015 (English)In: IEEE PES Innovative Smart Grid Technologies Conference Europe, IEEE Computer Society, 2015, no JanuaryConference paper (Refereed)
Abstract [en]

This paper provides an approach to investigate the impacts of wind power (WP) and demand side management (DSM) on the day-ahead electricity market prices. A market model incorporating demand scheduling has been developed for the study, to assess whether there are any mutual economic benefits between WP and scheduling of electric heating demand. A case study performed on a representative Nordic system with a scenario for future WP development in the Nordic electricity market has been carried out. The study results show that DSM could reduce the revenue for the WP producers, up to 2%. On the other hand, WP could result in reduced heating cost, up to 10%, for the customers. However, with an objective of reducing the total system cost, customers in some areas could experience an increase in electricity price even after providing their flexible demand to the market.

Place, publisher, year, edition, pages
IEEE Computer Society, 2015. no January
Keyword [en]
Demand side management, electricity price, wind power, Commerce, Cost reduction, Costs, Economics, Electric industry, Electric power transmission networks, Electric utilities, Scheduling, Smart power grids, Day ahead market, Day-ahead electricity market, Demand side managements, Economic benefits, Electricity market, Electricity prices, Impact assessments, Nordic Systems, Power markets
National Category
Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-175082DOI: 10.1109/ISGTEurope.2014.7028819ScopusID: 2-s2.0-84936976826OAI: oai:DiVA.org:kth-175082DiVA: diva2:881890
Conference
2014 IEEE PES Innovative Smart Grid Technologies Conference Europe, ISGT-Europe 2014, 12 October 2014 through 15 October 2014
Note

QC 20151211

Available from: 2015-12-11 Created: 2015-10-09 Last updated: 2015-12-11Bibliographically approved

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Bertling Tjernberg, Lina
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