Equilibrium strategy based policy shifts towards the integration of wind power in spot electricity markets: A perspective from China

Europe’s initiative to reduce the emissions of harmful gases has significantly increased the integration of renewable sources into power networks, particularly wind power. Variable renewable sources pose challenges to sustain the balance between generation and demand. Thus, the need for ancillary services to cope with this problem has increased. In this regard, the integration of larger shares of wind generation would have a clear system benefit when wind generators are able to provide these ancillary services. This would also have implications for electricity markets, enabling these services from wind power plants. This article gives an overview of several European markets for frequency support (FS) services, also referred to as FS markets. It identifies the changes in national regulations of 10 European countries to standardize these services based on the ENTSO-E guidelines. However, most of the countries still use their national service definitions, which presents a problem for researchers to understand the national regulations in relation to the ENTSO-E guidelines. This article provides a classification of the national FS services under the definitions of the ENTSO-E guidelines to facilitate research on this topic. Furthermore, it highlights the main requirements for the market practices that would encourage the participation of wind power generation in the provision of these services. An estimation of the economic benefits for wind producers from the provision of FS services is provided as well to show a possible outcome if changes are not made in national policies.

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Wind Power Long-Term Scenario Generation Considering Spatial-Temporal Dependencies in Coupled Electricity Markets

Energies ◽

10.3390/en13133427 ◽

2020 ◽

Vol 13 (13) ◽

pp. 3427 ◽

Cited By ~ 2

Author(s):

Geovanny Marulanda ◽

Antonio Bello ◽

Jenny Cifuentes ◽

Javier Reneses

Keyword(s):

Power Generation ◽

Wind Power ◽

Time Scales ◽

Electricity Markets ◽

Distribution Functions ◽

Wind Power Generation ◽

Environmental Benefits ◽

Different Time Scales ◽

Temporal Dependencies

Wind power has been increasing its participation in electricity markets in many countries around the world. Due to its economical and environmental benefits, wind power generation is one of the most powerful technologies to deal with global warming and climate change. However, as wind power grows, uncertainty in power supply increases due to wind intermittence. In this context, accurate wind power scenarios are needed to guide decision-making in power systems. In this paper, a novel methodology to generate realistic wind power scenarios for the long term is proposed. Unlike most of the literature that tackles this problem, this paper is focused on the generation of realistic wind power production scenarios in the long term. Moreover, spatial-temporal dependencies in multi-area markets have been considered. The results show that capturing the dependencies at the monthly level could improve the quality of scenarios at different time scales. In addition, an evaluation at different time scales is needed to select the best approach in terms of the distribution functions of the generated scenarios. To evaluate the proposed methodology, several tests have been made using real data of wind power generation for Spain, Portugal and France.

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