Balancing reserves in a power system with high wind penetration - evidence from Portugal

• Type: Article in International Conference Proceedings Book
• Date: 2018

Authors

Pedro M. S. Frade (Author) Other; João P. S. Catalão (Author) FEUP; João Pedro Pereira (Author) Other; J. J. E. Santana (Author) Other

Conference proceedings International

Title: International Conference on the European Energy Market, EEM

Pages: 1-4

15th International Conference on the European Energy Market, EEM 2018

27 June 2018 through 29 June 2018

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 1 Citation

INSPEC

Other information

Authenticus ID: P-00P-V22

DOI: 10.1109/eem.2018.8469910

Abstract (EN): The growth of intermittent renewable power generation has been drawing attention to the design of balancing markets. Portugal is an interesting case study because, while wind generation already accounts for a high fraction of demand (23%), there are still no economic incentives for efficient wind forecast (wind balancing costs are passed to end consumers). We analyze the evolution of the balancing market from 2012 to 2016. Using actual costs provided by the Portuguese TSO, we find wind imbalance costs in the range of 2 to 4 EUR/MWh. These results surprisingly suggest that, even with large wind penetration and socialized imbalance costs, wind forecast errors can have a relatively low cost.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 4