Wind power producers in shorter gate closure markets and balancing markets

Hannele Holttinen; Jari J. Miettinen; António Couto; Hugo Algarvio; Luis Rodrigues; Ana Estanqueiro

doi:10.1109/EEM.2016.7521309

Wind power producers in shorter gate closure markets and balancing markets

Hannele Holttinen, Jari J. Miettinen, António Couto, Hugo Algarvio, Luis Rodrigues, Ana Estanqueiro

DOES - Design and Operation of Energy Systems

National Laboratory of Energy and Geology

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

7 Citations (Scopus)

Abstract

Wind power is increasingly integrated into power systems through electricity markets. To make the market operation economically possible for wind power producers, the period between bids and delivery (gate closure time) is crucial. Wind power will experience larger forecast errors the longer the gate closure time. This paper presents a case study for wind power producers in Portugal (MIBEL) and Finland and Denmark (Nordpool). Historical wind power forecasts and realized generation together with market prices are used as an example. First the day-ahead and balancing prices are analyzed to see impacts of existing wind power in the markets. Then analyses of imbalance costs are made to illustrate the benefits of shorter gate closure times for wind power producers. The option for wind power producers to become active agents also in imbalance markets is explored, by bidding part of the forecast error one hour before.

Original language	English
Title of host publication	European Energy Market (EEM), 2016 13th International Conference on the
Publisher	IEEE Institute of Electrical and Electronic Engineers
Pages	1-5
ISBN (Electronic)	978-1-5090-1298-5
ISBN (Print)	978-1-5090-1299-2
DOIs	https://doi.org/10.1109/EEM.2016.7521309
Publication status	Published - 28 Jul 2016
MoE publication type	A4 Article in a conference publication
Event	13th International on the Conference on the European Energy Market, EEM 2016 - Porto, Portugal Duration: 6 Jun 2016 → 9 Jun 2016 Conference number: 13

Conference

Conference	13th International on the Conference on the European Energy Market, EEM 2016
Abbreviated title	EEM 2016
Country/Territory	Portugal
City	Porto
Period	6/06/16 → 9/06/16

Keywords

wind power
ancillary services
balancing market
frequency control
service provision

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/EEM.2016.7521309

Cite this

@inproceedings{65f4bc61db07487bb0c7e2f859a8b106,

title = "Wind power producers in shorter gate closure markets and balancing markets",

abstract = "Wind power is increasingly integrated into power systems through electricity markets. To make the market operation economically possible for wind power producers, the period between bids and delivery (gate closure time) is crucial. Wind power will experience larger forecast errors the longer the gate closure time. This paper presents a case study for wind power producers in Portugal (MIBEL) and Finland and Denmark (Nordpool). Historical wind power forecasts and realized generation together with market prices are used as an example. First the day-ahead and balancing prices are analyzed to see impacts of existing wind power in the markets. Then analyses of imbalance costs are made to illustrate the benefits of shorter gate closure times for wind power producers. The option for wind power producers to become active agents also in imbalance markets is explored, by bidding part of the forecast error one hour before.",

keywords = "wind power, ancillary services, balancing market, frequency control, service provision",

author = "Hannele Holttinen and Miettinen, {Jari J.} and Ant{\'o}nio Couto and Hugo Algarvio and Luis Rodrigues and Ana Estanqueiro",

year = "2016",

month = jul,

day = "28",

doi = "10.1109/EEM.2016.7521309",

language = "English",

isbn = "978-1-5090-1299-2",

pages = "1--5",

booktitle = "European Energy Market (EEM), 2016 13th International Conference on the",

publisher = "IEEE Institute of Electrical and Electronic Engineers",

address = "United States",

note = "13th International on the Conference on the European Energy Market, EEM 2016, EEM 2016 ; Conference date: 06-06-2016 Through 09-06-2016",

}

Holttinen, H, Miettinen, JJ, Couto, A, Algarvio, H, Rodrigues, L & Estanqueiro, A 2016, Wind power producers in shorter gate closure markets and balancing markets. in European Energy Market (EEM), 2016 13th International Conference on the. IEEE Institute of Electrical and Electronic Engineers, pp. 1-5, 13th International on the Conference on the European Energy Market, EEM 2016, Porto, Portugal, 6/06/16. https://doi.org/10.1109/EEM.2016.7521309

Wind power producers in shorter gate closure markets and balancing markets. / Holttinen, Hannele; Miettinen, Jari J.; Couto, António et al.
European Energy Market (EEM), 2016 13th International Conference on the. IEEE Institute of Electrical and Electronic Engineers, 2016. p. 1-5.

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

TY - GEN

T1 - Wind power producers in shorter gate closure markets and balancing markets

AU - Holttinen, Hannele

AU - Miettinen, Jari J.

AU - Couto, António

AU - Algarvio, Hugo

AU - Rodrigues, Luis

AU - Estanqueiro, Ana

N1 - Conference code: 13

PY - 2016/7/28

Y1 - 2016/7/28

N2 - Wind power is increasingly integrated into power systems through electricity markets. To make the market operation economically possible for wind power producers, the period between bids and delivery (gate closure time) is crucial. Wind power will experience larger forecast errors the longer the gate closure time. This paper presents a case study for wind power producers in Portugal (MIBEL) and Finland and Denmark (Nordpool). Historical wind power forecasts and realized generation together with market prices are used as an example. First the day-ahead and balancing prices are analyzed to see impacts of existing wind power in the markets. Then analyses of imbalance costs are made to illustrate the benefits of shorter gate closure times for wind power producers. The option for wind power producers to become active agents also in imbalance markets is explored, by bidding part of the forecast error one hour before.

AB - Wind power is increasingly integrated into power systems through electricity markets. To make the market operation economically possible for wind power producers, the period between bids and delivery (gate closure time) is crucial. Wind power will experience larger forecast errors the longer the gate closure time. This paper presents a case study for wind power producers in Portugal (MIBEL) and Finland and Denmark (Nordpool). Historical wind power forecasts and realized generation together with market prices are used as an example. First the day-ahead and balancing prices are analyzed to see impacts of existing wind power in the markets. Then analyses of imbalance costs are made to illustrate the benefits of shorter gate closure times for wind power producers. The option for wind power producers to become active agents also in imbalance markets is explored, by bidding part of the forecast error one hour before.

KW - wind power

KW - ancillary services

KW - balancing market

KW - frequency control

KW - service provision

U2 - 10.1109/EEM.2016.7521309

DO - 10.1109/EEM.2016.7521309

M3 - Conference article in proceedings

SN - 978-1-5090-1299-2

SP - 1

EP - 5

BT - European Energy Market (EEM), 2016 13th International Conference on the

PB - IEEE Institute of Electrical and Electronic Engineers

T2 - 13th International on the Conference on the European Energy Market, EEM 2016

Y2 - 6 June 2016 through 9 June 2016

ER -

Wind power producers in shorter gate closure markets and balancing markets

Abstract

Conference

Keywords

UN SDGs

Access to Document

Fingerprint

Cite this