Changing the Day-Ahead Gate Closure to Wind Power Integration: A Simulation-Based Study
Currently, in most European electricity markets, power bids are based on forecasts performed 12 to 36 hours ahead. Actual wind power forecast systems still lead to large errors, which may strongly impact electricity market outcomes. Accordingly, this article analyzes the impact of the wind power for...
Ausführliche Beschreibung
Autor*in: |
Hugo Algarvio [verfasserIn] António Couto [verfasserIn] Fernando Lopes [verfasserIn] Ana Estanqueiro [verfasserIn] |
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Englisch |
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2019 |
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In: Energies - MDPI AG, 2008, 12(2019), 14, p 2765 |
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Übergeordnetes Werk: |
volume:12 ; year:2019 ; number:14, p 2765 |
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DOI / URN: |
10.3390/en12142765 |
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Katalog-ID: |
DOAJ030243742 |
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10.3390/en12142765 doi (DE-627)DOAJ030243742 (DE-599)DOAJccc1014cedf54acc9e6f9a4d5843a2b6 DE-627 ger DE-627 rakwb eng Hugo Algarvio verfasserin aut Changing the Day-Ahead Gate Closure to Wind Power Integration: A Simulation-Based Study 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Currently, in most European electricity markets, power bids are based on forecasts performed 12 to 36 hours ahead. Actual wind power forecast systems still lead to large errors, which may strongly impact electricity market outcomes. Accordingly, this article analyzes the impact of the wind power forecast uncertainty and the change of the day-ahead market gate closure on both the market-clearing prices and the outcomes of the balancing market. To this end, it presents a simulation-based study conducted with the help of an agent-based tool, called MATREM. The results support the following conclusion: a change in the gate closure to a time closer to real-time operation is beneficial to market participants and the energy system generally. day-ahead market balancing market gate closure forecast uncertainty wind power forecast agent-based simulation the MATREM system Technology T António Couto verfasserin aut Fernando Lopes verfasserin aut Ana Estanqueiro verfasserin aut In Energies MDPI AG, 2008 12(2019), 14, p 2765 (DE-627)572083742 (DE-600)2437446-5 19961073 nnns volume:12 year:2019 number:14, p 2765 https://doi.org/10.3390/en12142765 kostenfrei https://doaj.org/article/ccc1014cedf54acc9e6f9a4d5843a2b6 kostenfrei https://www.mdpi.com/1996-1073/12/14/2765 kostenfrei https://doaj.org/toc/1996-1073 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ SSG-OLC-PHA GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2005 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2119 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 12 2019 14, p 2765 |
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10.3390/en12142765 doi (DE-627)DOAJ030243742 (DE-599)DOAJccc1014cedf54acc9e6f9a4d5843a2b6 DE-627 ger DE-627 rakwb eng Hugo Algarvio verfasserin aut Changing the Day-Ahead Gate Closure to Wind Power Integration: A Simulation-Based Study 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Currently, in most European electricity markets, power bids are based on forecasts performed 12 to 36 hours ahead. Actual wind power forecast systems still lead to large errors, which may strongly impact electricity market outcomes. Accordingly, this article analyzes the impact of the wind power forecast uncertainty and the change of the day-ahead market gate closure on both the market-clearing prices and the outcomes of the balancing market. To this end, it presents a simulation-based study conducted with the help of an agent-based tool, called MATREM. The results support the following conclusion: a change in the gate closure to a time closer to real-time operation is beneficial to market participants and the energy system generally. day-ahead market balancing market gate closure forecast uncertainty wind power forecast agent-based simulation the MATREM system Technology T António Couto verfasserin aut Fernando Lopes verfasserin aut Ana Estanqueiro verfasserin aut In Energies MDPI AG, 2008 12(2019), 14, p 2765 (DE-627)572083742 (DE-600)2437446-5 19961073 nnns volume:12 year:2019 number:14, p 2765 https://doi.org/10.3390/en12142765 kostenfrei https://doaj.org/article/ccc1014cedf54acc9e6f9a4d5843a2b6 kostenfrei https://www.mdpi.com/1996-1073/12/14/2765 kostenfrei https://doaj.org/toc/1996-1073 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ SSG-OLC-PHA GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2005 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2119 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 12 2019 14, p 2765 |
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Changing the Day-Ahead Gate Closure to Wind Power Integration: A Simulation-Based Study day-ahead market balancing market gate closure forecast uncertainty wind power forecast agent-based simulation the MATREM system |
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changing the day-ahead gate closure to wind power integration: a simulation-based study |
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Changing the Day-Ahead Gate Closure to Wind Power Integration: A Simulation-Based Study |
abstract |
Currently, in most European electricity markets, power bids are based on forecasts performed 12 to 36 hours ahead. Actual wind power forecast systems still lead to large errors, which may strongly impact electricity market outcomes. Accordingly, this article analyzes the impact of the wind power forecast uncertainty and the change of the day-ahead market gate closure on both the market-clearing prices and the outcomes of the balancing market. To this end, it presents a simulation-based study conducted with the help of an agent-based tool, called MATREM. The results support the following conclusion: a change in the gate closure to a time closer to real-time operation is beneficial to market participants and the energy system generally. |
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Currently, in most European electricity markets, power bids are based on forecasts performed 12 to 36 hours ahead. Actual wind power forecast systems still lead to large errors, which may strongly impact electricity market outcomes. Accordingly, this article analyzes the impact of the wind power forecast uncertainty and the change of the day-ahead market gate closure on both the market-clearing prices and the outcomes of the balancing market. To this end, it presents a simulation-based study conducted with the help of an agent-based tool, called MATREM. The results support the following conclusion: a change in the gate closure to a time closer to real-time operation is beneficial to market participants and the energy system generally. |
abstract_unstemmed |
Currently, in most European electricity markets, power bids are based on forecasts performed 12 to 36 hours ahead. Actual wind power forecast systems still lead to large errors, which may strongly impact electricity market outcomes. Accordingly, this article analyzes the impact of the wind power forecast uncertainty and the change of the day-ahead market gate closure on both the market-clearing prices and the outcomes of the balancing market. To this end, it presents a simulation-based study conducted with the help of an agent-based tool, called MATREM. The results support the following conclusion: a change in the gate closure to a time closer to real-time operation is beneficial to market participants and the energy system generally. |
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|
score |
7.3988514 |