{"title":"Measures to influence the properties of DG clusters for the adjustment to electricity market demand","authors":"G. Romanovsky, T. Erge","doi":"10.1109/EEM.2010.5558765","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558765","url":null,"abstract":"Small and medium size distributed generation (DG) including renewable generation technologies (RES) have limited incentive to participate in the free electricity market trade because they are not able to meet basic market requirements: to match bid/offer size or to correspond with requirements for the provision of reserve services for balancing. For some DG technologies, like wind power and PV, another reason significantly limiting their participation in the electricity market trade is the inherent intermittency of power generation process which might result in a high risk of financial losses due to additional balancing needs. At the same time being connected together, DG and RES technologies can complement each other in balancing out the total operation result. Aggregations of distributed generators of different technological types (“DG clusters”) lead to aggregated generation profiles. These aggregations are suitable for minimizing generation prognoses errors and resulting balancing needs - experience of Denmark, Germany and UK can prove it. In this article different approaches to influence the DG clusters' properties to adjust them to market needs have been investigated and necessary recommendations for smaller size renewable energy producers for their electricity market participation have been worked out.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126571465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Transmission planning under uncertainty: A two-stage stochastic modelling approach","authors":"A. H. van der Weijde, B. Hobbs","doi":"10.1109/EEM.2010.5558763","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558763","url":null,"abstract":"We develop a stochastic two-stage modelling approach to capture the multistage nature of the electricity transmission planning problem and apply it to a stylised representation of the Great Britain (GB) transmission network. In our model, a proactive transmission planner makes investment decisions in two time periods, each time followed by a market response. In the second period, there is less uncertainty than in the first, as the planner knows which of the scenarios has been realized, but the set of options open to the planner in the second period is constrained by the first-period decisions. This model allows us to estimate the value of information in transmission planning, the costs of ignoring uncertainty and the option value of transmission investment alternatives. Our results show that ignoring risk has quantifiable economic consequences and that there is a quantifiable value of optionality.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125705715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Modeling of generation and supply competitiveness in regional cross-border electricity trading","authors":"I. Androcec, T. Jakaša, S. Krajcar","doi":"10.1109/EEM.2010.5558700","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558700","url":null,"abstract":"In the paper, it is shown how is electricity trading (including congestion) influence on market participants in each area. Market participants we focus here are generators (traders) and suppliers (customers). It is shown three examples (models) with four connected areas (regional market), where this benefits and losses for the involved parties are presented - impact on competitiveness. Four area example is shown on 11 node model in MATLAB where we use AC optimal power flow. The same 11 node model is shown also in EMCAS where we use DC optimal power flow and emphasize is on strategic bidding (marginal cost bidding, physical withholding, economic withholding). The last model is four area example in MASI based on DC optimal power flow where we show competitiveness of generators and suppliers in short term trading. Comparision of this three models are made where positive and negative sides are explained.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127960251","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Participation of DFIG wind turbines in frequency control ancillary service by optimized rotational kinetic energy","authors":"A. Zertek, G. Verbič, M. Pantoš","doi":"10.1109/EEM.2010.5558666","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558666","url":null,"abstract":"The increase in renewable and distributed energy resources has given rise to new concerns about frequency stability of electric power systems, as renewable generation is considered an intermittent source, which by its nature does not participate in frequency control. In some countries, system operators demand wind turbines to provide some sort of ancillary services, such as reactive power control and frequency/active power control in order to increase system stability. This paper focuses on the provision of primary frequency control by wind generators and proposes a novel control strategy for active power reserve provision of doubly fed induction generator wind turbines. The proposed control strategy aims at maximizing the rotational kinetic energy, using the differential evolution. The control variables in the optimization process are the rotor speed and the pitch angle, considering the given power reserve factor. The proposed control strategy is compared to the strategies proposed by other authors. The results show that, compared to the existing methods at the same de-loaded power, the proposed method yields more rotational kinetic energy, that is released into the system in case of frequency deviations, thus increasing frequency stability of a power system.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115850881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Determinants for European energy markets intra-day volatility using dynamic panel data models and GMM-type estimators","authors":"P. Solibakke, Torbjørn Årethun, Ove Oklevik","doi":"10.1109/EEM.2010.5558748","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558748","url":null,"abstract":"The volatility of the Scandinavian international future energy market is examined based on a well known intra-day range-based measure of volatility. The main purpose of the paper is to identify determinants of the energy market's intra-day volatility. Firstly, the investigation is a contract-by-contract, range-based volatility measure. The findings are (1) long memory in volatility the longest contracts (year), but not for the shortest (month), (2) the first difference contemporaneous and one-day lagged trading volume measures influences daily volatility positively and consistently over all contracts, (3) trading volume seems to dominate the Samuelson (maturity) and the open-interest hypotheses thus manifesting earlier findings of future markets. Secondly, the paper applies a relatively new methodology to cope with dynamic panel data models, where every contract in the market is organized as a panel. The GMM-type estimator for dynamic panel-data of Arellano [1] is therefore implemented. The results show appropriate specification residual tests and demonstrate firstly the importance of volatility serial correlation. This estimator also shows that the change in daily trading volume is the major determinant of intra-day volatility. In contrast to the segmented analyses, time to maturity shows increased intra-day volatility influence while the measures of bid-ask spread and open interest show decreased significance. The main GMM findings are therefore that the change in trading volume (including lags) and time to maturity are major determinants of intra-day volatility.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132244865","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of a significant share of renewable energies on the European power generation system","authors":"T. Mirbach, S. Ohrem, S. Schild, A. Moser","doi":"10.1109/EEM.2010.5558688","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558688","url":null,"abstract":"Due to the climate objectives by the European Union a structural change of the power generation in Europe can be expected in future. Especially the share of renewable energies, such as wind and solar power, will increase rapidly in the years to come. As a result, the unit commitment of the residual power generation pool, e.g. thermal and hydro power plants, will be influenced by the volatile feed-in of renewable energies depending on the installed capacity. In addition, further consequences concerning an increase of reserve capacity can be expected. Thus, there is a motivation to investigate the impact of a significant share of renewable energies on the European power generation system. Using market simulation methods supply and demand for electrical energy can be simulated under consideration of technical constraints of power generation and transmission for a defined system. In view of these circumstances this paper presents a market simulation method and resulting future scenarios of the power generation system in detail. The approach focuses on the evaluation of the structure as well as economics, i.e. the impact on the generation pool and its marginal generation cost for electrical energy and the transnational interdependencies, in case of a significant share of renewable energies in the power generation system.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"408 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132306086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Villar, F. A. Campos, C. Diaz, J. González, A. Díaz, M. Rodríguez, P. Rodríguez
{"title":"MORSE: Tools for long-term strategic analysis of the Spanish electricity sector","authors":"J. Villar, F. A. Campos, C. Diaz, J. González, A. Díaz, M. Rodríguez, P. Rodríguez","doi":"10.1109/EEM.2010.5558774","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558774","url":null,"abstract":"MORSE is a set of tools developed for the Spanish electrical utility Endesa, for long term simulation and strategic analysis of the Spanish electricity sector. MORSE has three different types of modules: forecasting modules, to model the main businesses of the sector, data preparation modules, to define the sector structure, to import data from other Endesa planning tools and to prepare it for the forecasting modules, and analysis and reports modules, to prepare simulation scenarios to be feed to the forecasting modules, execute them, and collect and organize their outputs in appropriate reports. The pool simulation model of the system, EQUITEC, is a Conjectured Supply Function Equilibrium, where generation companies are represented at a technology level, and conjectures are endogenously computed under hypothesis of local linearity near the equilibrium point. The inclusion in EQUITEC of network and zonal constraints is currently being analyzed.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"106 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134226017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A critical analysis of CDM projects concerning sustainability: The use of fuzzy logic for CDM project selection","authors":"A. Barin, L. Canha, A. Abaide, K. Magnago","doi":"10.1109/EEM.2010.5558720","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558720","url":null,"abstract":"In response to the escalating energy crisis and related pollution problems, sustainability has thus become a major driving force in energy policy, leading to different strategies and incentives. The presented paper will apply a multicriteria methodology taking as basis fuzzy multi-rules and multi-sets to provide an appropriate evaluation of the projects from the clean development mechanism (CDM). The main objective of the paper is to select the most appropriate CDM project, according to four parameters simulated in three different scenarios. In addition, it is presented the key points between the incentives used to CDM projects and sustainability, relating these points with the proposed methodology outcome. As regards Fuzzy Logic purpose, by using the MATLAB® Software it is applied the Mamdani System as fuzzification process and the Center of Gravity Method as defuzzification process.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"308 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132762429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Occurrence of negative prices on the German spot market for electricity and their influence on balancing power markets","authors":"F. Genoese, M. Genoese, M. Wietschel","doi":"10.1109/EEM.2010.5558703","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558703","url":null,"abstract":"In this paper, we analyse the occurrence of negative electricity prices on the German day-ahead spot market for the years 2008 and 2009. An empirical analysis shows that either a low system load combined with a moderate wind generation or a moderate system load combined with a high wind generation is a neccessary condition for the appearence of negative prices. However, the linear correlation between the negative market prices and global variables that characterise the system status (system load, wind generation, net export, residual load) is relatively low - wind generation having the highest correlation (−0.42). By elaborating the actual volumes of renewable electricity that are traded on the spot market, a marginally better correlation can be achieved. Limited transparency in this field makes this type of market-oriented analysis difficult. We also find that the negative spot market prices cause higher capacity prices in the negative minute reserve market. The influence on the secondary reserve is less definite because of the long contracting periods in this market.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115089036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis of an electricity market equilibrium model with Large-Scale penetration of Wind Energy","authors":"A. Delgadillo, P. Duenas, J. Reneses, J. Barquín","doi":"10.1109/EEM.2010.5558686","DOIUrl":"https://doi.org/10.1109/EEM.2010.5558686","url":null,"abstract":"This paper presents an analysis of the behavior of an electricity market equilibrium model under a scenario with Large-Scale penetration of Wind Energy. The objective is to assess the robustness of this kind of models under the new context in which wind power is becoming increasingly important. In the model, different load level specifications are implemented as well as different scenarios of hydro conditions. The results show that the conjectural variation equilibrium model is robust to represent an electricity market with high penetration of wind energy.","PeriodicalId":310310,"journal":{"name":"2010 7th International Conference on the European Energy Market","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116426851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}