Integrating Intermittent Renewable Wind Generation : A Stochastic Multi-Market Electricity Model for the European Electricity Market
In northern Europe wind energy has become a dominating renewable energy source due to natural conditions and national support schemes. However, the uncertainty about wind generation affects existing network infrastructure and power production planning of generators and cannot not be fully diminished by wind forecasts. In this paper we develop a stochastic electricity market model to analyze the impact of uncertain wind generation on the different electricity markets as well as network congestion management. Stochastic programming techniques are used to incorporate uncertain wind generation. The technical characteristics of transporting electrical energy as well as power plants are explicitly taken into account. The consecutive clearing of the electricity markets is incorporated by a rolling planning procedure reflecting the market regime of European markets. The model is applied to the German electricity system covering an exemplary week. Three different cases of considering uncertain wind generation are analyzed. The results reveal that the flexibility of the generation dispatch is increased either by using more flexible generation technologies or by flexibilizing the generation pattern of rather inflexible technologies
Year of publication: |
2013
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Authors: | Abrell, Jan |
Other Persons: | Kunz, Friedrich (contributor) |
Publisher: |
[2013]: [S.l.] : SSRN |
Subject: | Elektrizitätswirtschaft | Electric power industry | Erneuerbare Energie | Renewable energy | EU-Staaten | EU countries | Windenergie | Wind energy | Energiemarkt | Energy market | Elektrizität | Electricity | Stochastischer Prozess | Stochastic process |
Saved in:
freely available
Extent: | 1 Online-Ressource (29 p) |
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Series: | DIW Berlin Discussion Paper ; No. 1301 |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 10, 2013 erstellt |
Other identifiers: | 10.2139/ssrn.2269025 [DOI] |
Classification: | C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; D41 - Perfect Competition ; L94 - Electric Utilities |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013081586