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

doi:10.1109/EEEIC.2016.7555850

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

Publikation: Bidrag til bog/antologi/rapport/konference proceeding › Konferenceartikel i proceeding › Forskning › peer review

5 Citationer (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.

Originalsprog	Engelsk
Titel	Proceedings of the 2016 IEEE International Conference on Environment and Electrical Engineering (EEEIC), 2016
Antal sider	5
Forlag	IEEE Press
Publikationsdato	jun. 2016
ISBN (Elektronisk)	978-1-5090-2320-2
DOI	https://doi.org/10.1109/EEEIC.2016.7555850
Status	Udgivet - jun. 2016
Begivenhed	16 IEEE International Conference on Environment and Electrical Engineering - Florence, Italien Varighed: 7 jun. 2016 → 10 jun. 2016 http://eeeic.eu/

Konference

Konference	16 IEEE International Conference on Environment and Electrical Engineering
Land/Område	Italien
By	Florence
Periode	07/06/2016 → 10/06/2016
Internetadresse	http://eeeic.eu/

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10.1109/EEEIC.2016.7555850

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Citationsformater

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title = "High Penetrated Wind Farm Impacts on the Electricity Price: The Danish Case",

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.",

keywords = "High penetrated wind farms, Danish electricity market, Electricity price, Stochastic programming",

author = "{Haji Bashi}, Mazaher and Yousefi, {G. R.} and Bak, {Claus Leth} and Pillai, {Jayakrishnan Radhakrishna} and Zhe Chen",

year = "2016",

month = jun,

doi = "10.1109/EEEIC.2016.7555850",

language = "English",

booktitle = "Proceedings of the 2016 IEEE International Conference on Environment and Electrical Engineering (EEEIC), 2016",

publisher = "IEEE Press",

note = "16 IEEE International Conference on Environment and Electrical Engineering ; Conference date: 07-06-2016 Through 10-06-2016",

url = "http://eeeic.eu/",

}

Haji Bashi, M, Yousefi, GR, Bak, CL, Pillai, JR & Chen, Z 2016, High Penetrated Wind Farm Impacts on the Electricity Price: The Danish Case. i Proceedings of the 2016 IEEE International Conference on Environment and Electrical Engineering (EEEIC), 2016. IEEE Press, 16 IEEE International Conference on Environment and Electrical Engineering , Florence, Italien, 07/06/2016. https://doi.org/10.1109/EEEIC.2016.7555850

High Penetrated Wind Farm Impacts on the Electricity Price: The Danish Case. / Haji Bashi, Mazaher; Yousefi, G. R. ; Bak, Claus Leth et al.
Proceedings of the 2016 IEEE International Conference on Environment and Electrical Engineering (EEEIC), 2016. IEEE Press, 2016.

Publikation: Bidrag til bog/antologi/rapport/konference proceeding › Konferenceartikel i proceeding › Forskning › peer review

TY - GEN

T1 - High Penetrated Wind Farm Impacts on the Electricity Price

T2 - 16 IEEE International Conference on Environment and Electrical Engineering

AU - Haji Bashi, Mazaher

AU - Yousefi, G. R.

AU - Bak, Claus Leth

AU - Pillai, Jayakrishnan Radhakrishna

AU - Chen, Zhe

PY - 2016/6

Y1 - 2016/6

N2 - 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.

AB - 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.

KW - High penetrated wind farms

KW - Danish electricity market

KW - Electricity price

KW - Stochastic programming

U2 - 10.1109/EEEIC.2016.7555850

DO - 10.1109/EEEIC.2016.7555850

M3 - Article in proceeding

BT - Proceedings of the 2016 IEEE International Conference on Environment and Electrical Engineering (EEEIC), 2016

PB - IEEE Press

Y2 - 7 June 2016 through 10 June 2016

ER -

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

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