Date: 2013
Type: Article
Short-term strategies for Dutch wind power producers to reduce imbalance costs
Energy policy, 2013, No. 52, pp. 573-582[Florence School of Regulation], [Electricity]
CHAVES-ÁVILA, José Pablo, HAKVOORT, Rudi A., RAMOS, Andrés, Short-term strategies for Dutch wind power producers to reduce imbalance costs, Energy policy, 2013, No. 52, pp. 573-582[Florence School of Regulation], [Electricity] - https://hdl.handle.net/1814/39743
Retrieved from Cadmus, EUI Research Repository
The paper assesses bidding strategies for a wind power producer in the Netherlands. To this end, a three-stage stochastic optimization framework is used, maximizing wind power producer's profit using the day-ahead and cross-border intraday market, taking into account available interconnection capacity. Results show that the wind power producer can increase its profits by trading on the intraday market and – under certain imbalance prices – by intentionally creating imbalances. It has been considered uncertainties about prices, power forecast and interconnection capacity at the day-ahead and intraday timeframes.
Cadmus permanent link: https://hdl.handle.net/1814/39743
Full-text via DOI: 10.1016/j.enpol.2012.10.011
ISSN: 0301-4215
Series/Number: [Florence School of Regulation]; [Electricity]
Files associated with this item
Files | Size | Format | View |
---|---|---|---|
There are no files associated with this item. |