Wind power producers in shorter gate closure markets and balancing markets

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

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

3 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 languageEnglish
Title of host publicationEuropean Energy Market (EEM), 2016 13th International Conference on the
PublisherInstitute of Electrical and Electronic Engineers IEEE
Pages1-5
ISBN (Electronic)978-1-5090-1298-5
ISBN (Print)978-1-5090-1299-2
DOIs
Publication statusPublished - 28 Jul 2016
MoE publication typeA4 Article in a conference publication
Event13th International on the Conference on the European Energy Market, EEM 2016 - Porto, Portugal
Duration: 6 Jun 20169 Jun 2016
Conference number: 13

Publication series

Name
ISSN (Electronic)2165-4093

Conference

Conference13th International on the Conference on the European Energy Market, EEM 2016
Abbreviated titleEEM 2016
CountryPortugal
CityPorto
Period6/06/169/06/16

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Wind power
Costs

Keywords

  • wind power
  • ancillary services
  • balancing market
  • frequency control
  • service provision

Cite this

Holttinen, H., Miettinen, J. J., 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 (pp. 1-5). Institute of Electrical and Electronic Engineers IEEE. https://doi.org/10.1109/EEM.2016.7521309
Holttinen, Hannele ; Miettinen, Jari J. ; Couto, António ; Algarvio, Hugo ; Rodrigues, Luis ; Estanqueiro, Ana. / Wind power producers in shorter gate closure markets and balancing markets. European Energy Market (EEM), 2016 13th International Conference on the. Institute of Electrical and Electronic Engineers IEEE, 2016. pp. 1-5
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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. Institute of Electrical and Electronic Engineers IEEE, 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; Algarvio, Hugo; Rodrigues, Luis; Estanqueiro, Ana.

European Energy Market (EEM), 2016 13th International Conference on the. Institute of Electrical and Electronic Engineers IEEE, 2016. p. 1-5.

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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