Analysis of Strategic Wind Power Participation in Energy Market using MASCEM simulator

• Type: Article in International Conference Proceedings Book
• Date: 2015

Authors

Soares, T (Author) Other; Santos, G (Author) Other; Pinto, T (Author) Other; Morais, H (Author) Other; Pinson, P (Author) Other; Vale, Z (Author) Other

Conference proceedings International

Title: 2015 18th International Conference on Intelligent System Application to Power Systems (ISAP)

Indexing

ISI Web of Knowledge - 0 Citations

Other information

Authenticus ID: P-00K-QBH

Abstract (EN): In recent years the reassessment of remuneration schemes for renewable sources in several European countries has motivated the increase of wind power generation participation in electricity markets. Moreover, the continuous growth of wind power generation, as well as the evolution of wind turbines technology, suggests that wind power plants may participate in both energy and ancillary services markets with strategic behavior to improve their benefits. Thus, wind power generation with strategic behavior may have impact on market equilibrium and pricing. This paper evaluates the impact of a proportional offering strategy for wind power plants to participate in both energy and ancillary services markets. MASCEM (Multi-Agent System for Competitive Electricity Markets) is used to simulate and validate the impact of wind power plants in market equilibrium. A case study based on real and recent data for the Iberian market and its specific rules is simulated in MASCEM.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6