Wind offering in energy and reserve markets

WindEurope Summit 2016

Soares, T.^1 ; Pinson, P.^1 ; Morais, H.^2

Technical University of Denmark, Elektrovej B. 329A, Kgs. Lyngby

2800, Denmark^1

Polytechnic Institute of Porto, Porto, Portugal^2

关键词: Ancillary service;    Balancing market;    Expected revenue;    Power producer;    Power System;    Reserve markets;    Trading floors;    Wind generation;   

Others  :  https://iopscience.iop.org/article/10.1088/1742-6596/749/1/012021/pdf
DOI  :  10.1088/1742-6596/749/1/012021

来源: IOP

【 摘 要 】

The increasing penetration of wind generation in power systems to fulfil the ambitious European targets will make wind power producers to play an even more important role in the future power system. Wind power producers are being incentivized to participate in reserve markets to increase their revenue, since currently wind turbine/farm technologies allow them to provide ancillary services. Thus, wind power producers are to develop offering strategies for participation in both energy and reserve markets, accounting for market rules, while ensuring optimal revenue. We consider a proportional offering strategy to optimally decide upon participation in both markets by maximizing expected revenue from day-ahead decisions while accounting for estimated regulation costs for failing to provide the services. An evaluation of considering the same proportional splitting of energy and reserve in both day- ahead and balancing market is performed. A set of numerical examples illustrate the behavior of such strategy. An important conclusion is that the optimal split of the available wind power between energy and reserve strongly depends upon prices and penalties on both market trading floors.