Optimal electricity market for wind power |
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| Affiliation: | 1. School of Management Engineering, Shandong Jianzhu University, Jinan, 250101, China;2. School of Science, Shandong Jianzhu University, Jinan, 250101, China;3. CCB Engineering Consulting Co.,Ltd., Jinan, 250000, China;1. Delft University of Technology, Faculty of Technology, Policy and Management, Jaffalaan 5, 2628 BX Delft, the Netherlands;2. Instituto de Investigación Tecnológica, Escuela Técnica Superior de Ingeniería, Universidad Pontificia Comillas, Alberto Aguilera, 23, 28015 Madrid, Spain;1. Dept. of Industrial Economics and Technology Management (IØT), Norwegian University of Science and Technology, Trondheim, Norway;2. Workgroup for Infrastructure Policy (WIP), Technical University Berlin, Berlin, Germany;1. Energy Policy Research Group, University of Cambridge, Cambridge CB3 9DE, UK;2. Control and Power Research Group, Imperial College London, London SW7 2AZ, UK;3. CEPA, London WC2A 3LJ, UK;1. Delft University of Technology, Faculty of Technology, Policy and Management, Jaffalaan 5, 2628 BX Delft, The Netherlands;2. Instituto de Investigación Tecnológica, Escuela Técnica Superior de Ingeniería, Universidad Pontificia Comillas, Alberto Aguilera, 23, 28015 Madrid, Spain |
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| Abstract: | This paper is about electricity market operation when looking from the wind power producers’ point of view. The focus in on market time horizons: how many hours there is between the closing and delivering the bids. The case is for the Nordic countries, the Nordpool electricity market and the Danish wind power production. Real data from year 2001 was used to study the benefits of a more flexible market to wind power producer. As a result of reduced regulating market costs from better hourly predictions to the market, wind power producer would gain up to 8% more if the time between market bids and delivery was shortened from the day ahead Elspot market (hourly bids by noon for 12–36 h ahead). An after sales market where surplus or deficit production could be traded 2 h before delivery could benefit the producer almost as much, gaining 7%. |
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