High Penetrated Wind Farm Impacts on the Electricity Price: The Danish Case

Mazaher Haji Bashi, G. R. Yousefi, Claus Leth Bak, Jayakrishnan Radhakrishna Pillai, Zhe Chen

Research output: Contribution to book/anthology/report/conference proceedingArticle in proceedingResearchpeer-review

5 Citations (Scopus)

Abstract

Energy trading policies, intermittency of wind farm output power, low marginal cost of the production, are the key factors that cause the wind farms to be effective on the electricity price. In this paper, the Danish electricity market is studied as a part of Nord Pool. Considering the completely fossil fuel free overview in Danish energy policies, and the currently great share of wind power (more than 100% for some hours) in supplying the load, it is an interesting benchmark for the future electricity markets. Negative prices, price spikes, and price volatility are considered as the main effects of the high penetrated wind farm integration into electricity markets. Then, stochastic programming approach is employed to compare the volume of trades for a typical wind farm in a high and low wind penetrated market. Although increasing price spikes and volatility was reported in the literature, it is concluded that market policies could mitigate these problems.
Original languageEnglish
Title of host publicationProceedings of the 2016 IEEE International Conference on Environment and Electrical Engineering (EEEIC), 2016
Number of pages5
PublisherIEEE Press
Publication dateJun 2016
ISBN (Electronic)978-1-5090-2320-2
DOIs
Publication statusPublished - Jun 2016
Event16 IEEE International Conference on Environment and Electrical Engineering - Florence, Italy
Duration: 7 Jun 201610 Jun 2016
http://eeeic.eu/

Conference

Conference16 IEEE International Conference on Environment and Electrical Engineering
Country/TerritoryItaly
CityFlorence
Period07/06/201610/06/2016
Internet address

Keywords

  • High penetrated wind farms
  • Danish electricity market
  • Electricity price
  • Stochastic programming

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