Abstract
In this paper, we perform an econometric analysis on the benefits of introducing flexibility in the Danish/Nordic regulating power market. The paper investigates the relationships between market power prices and regulation volumes, in order to quantify the effects of flexibility on regulating power prices. Further, we analyze the benefit for various types of flexibility and market objectives, to detect the type of energy flexibility that maximizes the benefits. Results show that if 3.87% of total demand is flexible, market can reduce the regulation cost by 49% and the regulation volume by 29.4%.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 2015 ACM Sixth International Conference on Future Energy Systems |
| Number of pages | 10 |
| Publisher | Association for Computing Machinery |
| Publication date | Jul 2015 |
| Pages | 131-140 |
| ISBN (Print) | 978-1-4503-3609-3 |
| DOIs | |
| Publication status | Published - Jul 2015 |
| Event | Sixth ACM International Conference on Future Energy Systems - Bengalore, India Duration: 14 Jul 2015 → 17 Jul 2015 http://conferences.sigcomm.org/eenergy/2015/ |
Conference
| Conference | Sixth ACM International Conference on Future Energy Systems |
|---|---|
| Country/Territory | India |
| City | Bengalore |
| Period | 14/07/2015 → 17/07/2015 |
| Internet address |
Keywords
- Econometric analysis
- Flexibility
- Demand management