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

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2 Citationer (Scopus)

Abstrakt

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.
OriginalsprogEngelsk
TitelProceedings of the 2016 IEEE International Conference on Environment and Electrical Engineering (EEEIC), 2016
Antal sider5
ForlagIEEE Press
Publikationsdatojun. 2016
ISBN (Elektronisk)978-1-5090-2320-2
DOI
StatusUdgivet - jun. 2016
Begivenhed16 IEEE International Conference on Environment and Electrical Engineering - Florence, Italien
Varighed: 7 jun. 201610 jun. 2016
http://eeeic.eu/

Konference

Konference16 IEEE International Conference on Environment and Electrical Engineering
LandItalien
ByFlorence
Periode07/06/201610/06/2016
Internetadresse

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