Evaluation of the Impact of Shifting Demand from Peak to Adjacent Hours in the Social Welfare Function of the Iberian Electricity Market, MIBEL

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

Authors

Pinto, PT (Author) Other; João Tomé Saraiva (Author) FEUP

Conference proceedings International

Title: International Conference on the European Energy Market, EEM

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

27 June 2018 through 29 June 2018

Indexing

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Other information

Authenticus ID: P-00P-TF0

DOI: 10.1109/eem.2018.8469803

Abstract (EN): This paper reports the main results obtained by the first author in the preparation of his MSc Thesis. The motivation for this work resulted from the intention announced by the Portuguese Regulatory Agency for the Energy Services to introduce dynamic tariffs as a way to induce a change of the behavior of some consumers in terms of moving some demand from peak periods to the adjacent hours. This is reported to lead to loss reductions, postponement of grid investments and generation cost reductions. In the case of Portugal, given the participation in the common market with Spain, generation costs are not publicly available so that it was investigated how the Social Welfare Function, SWF, that is maximized by the market operator would change given these demand transfers. The simulations were done using real market data for 2016 and the results suggest that the advantages are unclear since the SWF would be almost unchanged or slightly reduced.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 5