Financial evaluation of renewable energy source production in microgrids markets using probabilistic analysis

2005 IEEE Russia Power Tech, PowerTech

Volumn , Issue , 2005, Pages

  Tsikalakis, A G ^a,b   Hatziargyriou, N D ^a,b  

^a IEEE

^b NATIONAL TECHNICAL UNIVERSITY OF ATHENS   (Greece)

Author keywords

Distributed generation; Markets; MicroGrids; Probabilistic analysis; PV; Renewable energy sources; Wind power

Indexed keywords

COMPUTER NETWORKS; DISTRIBUTED PARAMETER NETWORKS; DISTRIBUTION OF GOODS; ELECTRIC GENERATORS; ELECTROMAGNETIC WAVE EMISSION; ELECTROMAGNETIC WAVES; ENERGY CONSERVATION; HYDRAULIC MACHINERY; HYDRAULIC MOTORS; MARKETING; PROBABILITY; RENEWABLE ENERGY RESOURCES; RISK ASSESSMENT; TURBINES; WIND POWER; WIND TURBINES;

DISTRIBUTED GENERATION; MARKETS; MICROGRIDS; PROBABILISTIC ANALYSIS; PV; RENEWABLE ENERGY SOURCES;

PROBABILITY DISTRIBUTIONS;

EID: 51549097360     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/PTC.2005.4524361     Document Type: Conference Paper

References (25)

1. R. Lasseter, A. Akhil, C. Marnay, J. Stephens, J. Dagle, R. Guttromson, A. Meliopoulos, R. Yinger and J. Eto, "White Paper on Integration of Distributed Energy Resources. The CERTS MicroGrid Concept.," Consortium for Electric Reliability Technology Solutions (CERTS), CA, Tech. Rep. LBNL-50829, Apr. 2002.
2. MICROGRIDS - Large Scale Integration of Micro-Generation to Low Voltage Grids", EU Contract ENK5-CT-2002-00610, Technical Annex, May 2002, Available: http://microgrids.power.ece.ntua.gr
3. I.Skotinos,N.Hatziargyriou,A.Dimeas,A.Tsikalakis,"Economic Evaluation of Energy Production Systems with high wind power penetration,application to the Greek National Interconnected system.". presented at the 2004 EWEA Confererence,London
4. N.Hatziargyriou A G. Tsikalakis, A.Dimeas, D,Georgiadis, A.Gigantidou, J Stefanakis, E. Thalassinakis, "Security and Economic Impacts of High Wind Power Penetration in Island Systems", presented at the 2004 Cigre Session,Paris ,August 2004
5. Federal Ministry of Environment. Nature Conservation and Nuclear Safety ,'Act on Granting Priority to Renewable Energy Sources(Renewable Energy Sources Act)',Berlin, March 2002, Available on-line www.bmu.de/files/res-act.pdf
6. M.Bechberger, D.Reiche, "Renewable energy policies in an enlarghed European Union, RE in EU-28",Refocus Magazine, Issue September/October 2003
7. The new Electricity Trading Arrangements-A review of the First Three Months, Ofgem, August 2001,Available www.ofgem.com
8. Report to DTI on the Review of the Initial Impact of NETA on Smaller Generators, Ofgem, August 2001, www.ofgem.com
9. T.Ackermann, G.Andersson, L.Soder ,"Overview of government and market driven programs for the promotion of renewable power generation", Renewable Energy Journal Vol 22, ,2001, pp 197-204
10. A.Tsikalakis, N.Hatziargyriou, "Economic Scheduling Functions of Micro-grid participating in Energy Markets", to be presented at the CIGRE International Symposium on "Power Systems with Dispersed Generation: technologies, Development and Performances", Athens 13th-16th April 2005.
11. A.Dimeas and N.D. Hatziagyriou, "A MultiAgent system for MicroGrids", presented at the IEEE PES General Meeting, Denver, CO, June 6-10, 2004, paper -PESGM2004-001244
12. A.G. Bakirtzis, P.S. Dokopoulos, E.S. Gavanidou, M. A. Ketselidis, A probabilistic costing method for the evaluation of the performance of grid-connected wind arrays, IEEE Transactions on Energy Conversion,Vol 4,No1, pp34-40,March 1989
13. N.D. Hatziargyriou,T.S.Karakatsanis,M.Papadopoulos,"Probabilistic Load Flow in Distribution Systems Containing Dispersed Wind Power Generation", IEEE Trans. On Power Systems ,Vol 8,No 1,February 1993,pp159-165
14. ApX Historical Data, available on-line :http://www.apx.nl
15. S.Yamamoto, J.S.Park ,M.Takata,K.Sasaki,T.Hashimoto, "Basic Study on the prediction of solar irradiation and its application to photovoltaic-diesel hybrid system", Solar Energy Materials & Cells,Vol 75, ,2003, pp 577-584
16. th National Conference on RES, Xanthi, October 1992 (in Greek),pp1-8
17. J.F. Orgill, K.G.T. Hollands, "Correlation Equation for Hourly Diffuse Radiation on a Horizontal Surface",J. Solar Energy Vol 19,No 4,pp357-359,1977
18. M.Hjazin The diffuse fraction of hourly solar radiation for Amman/Jordan , Renewable Energy, Vol. 13, No. 2, , 1998, pp. 249 253
19. rd National Conference on RES, Salonica, November 1988 (in Greek) pp35-45
20. P. Coelinghal, A.J.M. van Wijkal, A.A.M. Holtslagb Journal of wind Engineering and Industrial Aerodynamics Volume 73 1998,pp 125-144
21. Available www.bergey.com
22. G. Tsilingiridis and V. Sotiropoulos, Three-year measurements of ambient and indoor air temperatures in Solar Village-3, Athens, Greece Energy and Buildings, Volume 28, Issue 2, October 1998,pp 127-136
23. G. Pepermans, J.Driesen, D. Haeseldonckx, R. Belmaans, W. D'haeseleer, "Distributed generation: definition,benefits and issues" J.Energy Policy, Volume 33, Issue 6, April 2005, pp 787-798.
24. rd Operational program 'Competitiveness", Available on-line, www.antagonistikotita.gr
25. European Wind Energy Association (EWEA),available www.ewea.org