Electricity market auction settings in a future Danish electricity system with a high penetration of renewable energy sources – A comparison of marginal pricing and pay-as-bid

Energy ◽  
2011 ◽  
Vol 36 (7) ◽  
pp. 4434-4444 ◽  
Author(s):  
Steffen Nielsen ◽  
Peter Sorknæs ◽  
Poul Alberg Østergaard
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Electricity System ◽  
Marginal Pricing ◽  
High Penetration

A Study on the Countermeasures for Demand and Supply Control in Case of High Penetration of Renewable Energy Sources

2016 ◽  
Vol 136 (5) ◽  
pp. 459-470 ◽  
Author(s):  
Yuki Tsujii ◽  
Takao Tsuji ◽  
Tsutomu Oyama ◽  
Yoshiki Nakachi ◽  
Suresh Chand Verma
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Demand And Supply ◽  
High Penetration

scholarly journals Analyzing Trade in Continuous Intra-Day Electricity Market: An Agent-Based Modeling Approach

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3860
Author(s):  
Priyanka Shinde ◽  
Ioannis Boukas ◽  
David Radu ◽  
Miguel Manuel de Manuel de Villena ◽  
Mikael Amelin
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Thermal Power ◽  
Agent Based Modeling ◽  
Market Liquidity ◽  
Energy Sources ◽  
Modeling Framework ◽  
Agent Based

In recent years, the vast penetration of renewable energy sources has introduced a large degree of uncertainty into the power system, thus leading to increased trading activity in the continuous intra-day electricity market. In this paper, we propose an agent-based modeling framework to analyze the behavior and the interactions between renewable energy sources, consumers and thermal power plants in the European Continuous Intra-day (CID) market. Additionally, we propose a novel adaptive trading strategy that can be used by the agents that participate in CID market. The agents learn how to adapt their behavior according to the arrival of new information and how to react to changing market conditions by updating their willingness to trade. A comparative analysis was performed to study the behavior of agents when they adopt the proposed strategy as opposed to other benchmark strategies. The effects of unexpected outages and information asymmetry on the market evolution and the market liquidity were also investigated.

scholarly journals Atjaunojamo energoresursu tiesiskuma nodrošinājums

2015 ◽  
Vol 1 (1) ◽  
pp. 55-63
Author(s):  
Kristīne Šeļepova
Keyword(s):  
Renewable Energy ◽  
Power Supply ◽  
Electricity Market ◽  
Renewable Resources ◽  
Renewable Energy Sources ◽  
Cost Effective ◽  
Energy Industry ◽  
Energy Sources ◽  
Power Base ◽  
Investment Priority

Raksta mērķis ir apzināt atjaunojamo energoresursu tiesisko regulējumu, tā atbalsta shēmas un problemātiku. Raksta autore skaidro, vai šo tiesību aizsardzības līmenis ir pietiekams, vai ir pieņemtas nepieciešamās materiālo tiesību normas, kā arī vai ir pietiekoši tiesiskie līdzekļi, kas nodrošina šo tiesību aizsardzības ievērošanu, kā arī nākamos soļus energoresursu liberalizācijas posmos. Use of renewable energy increases independence from imported energy, reduces greenhouse gas emissions, as well as increases security of energy supply. However, energy industry concedes that power becomes more vulnerable because of historical paradigms; independent power base is replaced with production from renewable energy sources. This is due to subsidies in the investment priority being cost-effective renewable resources projects. Thus, it is necessary to develop a solution defining how volatile and unpredictable renewable energy sources integrated into the European electricity market can be, while ensuring safe and uninterrupted power supply.

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