Coalition-based bidding strategies for integrating renewable energy sources in electricity market

Author(s):  
Sunghwan Bae ◽  
Seunghyoung Ryu ◽  
Hongseok Kim
Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3860
Author(s):  
Priyanka Shinde ◽  
Ioannis Boukas ◽  
David Radu ◽  
Miguel Manuel de Manuel de Villena ◽  
Mikael Amelin

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.


Author(s):  
Kristīne Šeļepova

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.


2011 ◽  
Vol 15 (5) ◽  
pp. 2510-2519 ◽  
Author(s):  
Aitor Ciarreta ◽  
Carlos Gutiérrez-Hita ◽  
Shahriyar Nasirov

Proceedings ◽  
2020 ◽  
Vol 63 (1) ◽  
pp. 26
Author(s):  
Pavel Atănăsoae ◽  
Radu Dumitru Pentiuc ◽  
Eugen Hopulele

Increasing of intermittent production from renewable energy sources significantly affects the distribution of electricity prices. In this paper, we analyze the impact of renewable energy sources on the formation of electricity prices on the Day-Ahead Market (DAM). The case of the 4M Market Coupling Project is analyzed: Czech-Slovak-Hungarian-Romanian market areas. As a result of the coupling of electricity markets and the increasing share of renewable energy sources, different situations have been identified in which prices are very volatile.


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