Integrating Intermittent Renewable Wind Generation - A Stochastic Multi-Market Electricity Model for the European Electricity Market
- Journal Article
Rights / licenseIn Copyright - Non-Commercial Use Permitted
In northern Europe, wind energy has become a dominate renewable energy source, due to natural conditions and national support schemes. However, the uncertainty about wind generation affects existing network infrastructure and power production planning of generators, which cannot be fully diminished by wind forecasts. In this paper we develop a stochastic electricity market model to analyze the impact of uncertain wind generation on the different electricity markets as well as network congestion management. Stochastic programming techniques are used to incorporate uncertain wind generation. The technical characteristics of transporting electrical energy as well as power plants are explicitly taken into account. The consecutive clearing of the electricity markets is incorporated by a rolling planning procedure reflecting the market regime of European markets. The model is applied to the German electricity system covering one week. Two different approaches of considering uncertain wind generation are analyzed and compared to a deterministic approach. The results reveal that the flexibility of generation dispatch is increased either by using more flexible generation technologies or by operating rather inflexible technologies under part-load conditions. Show more
Journal / seriesNetworks and Spatial Economics
Pages / Article No.
SubjectElectricity markets; Unit commitment; Stochasticity; Renewable energy; Transmission network
Organisational unit03981 - Rausch, Sebastian (ehemalig) / Rausch, Sebastian (former)
NotesIt was possible to publish this article open access thanks to a Swiss National Licence with the publisher.
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