Drivers of imbalance cost of wind power: A comparative analysis

2010 7th International Conference on the European Energy Market, EEM 2010

Volumn , Issue , 2010, Pages

  Obersteiner, C ^a   Siewierski, T ^b   Andersen, A N ^c,d  

^a VIENNA UNIVERSITY OF TECHNOLOGY   (Austria)

^b LODZ UNIVERSITY OF TECHNOLOGY   (Poland)

^c EMD International A/SI and Ext   (Denmark)

^d AALBORG UNIVERSITY   (Denmark)

Author keywords

Cost drivers; Imbalance cost; Wind power

Indexed keywords

AUSTRIA; AVERAGE SYSTEM; CASH FLOW; COMPARATIVE ANALYSIS; COST DRIVERS; COST OF WIND POWER; DENMARK; IMBALANCE COST; IMPERFECT FORECASTS; POWER MARKETS; REAL COSTS; SYSTEM BUY PRICES; WIND POWER FORECAST; WIND POWER GENERATORS;

COMMERCE; COSTS; ELECTRIC LOAD FORECASTING; WIND POWER;

COST BENEFIT ANALYSIS;

EID: 77957775492     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/EEM.2010.5558699     Document Type: Conference Paper

References (13)

1. H. Holttinen, "Optimal electricity market for wind power", Energy Policy, vol. 33, 2005, Issue 16, pp.2052-2063.
2. C. Obersteiner und L. Von Bremen, "Influence of market rules on the economic value of wind power: an Austrian case study," International Journal of Environment and Pollution, vol. 39, 2009, pp.112-127.
3. H. Holttinen, P. Saarikivi, S. Repo, J. Ikäheimo, G. Koreneff, "Prediction Errors and Balancing Costs for Wind Power Production in Finland", Proceedings of the Sixth International Workshop on Large-Scale Integration of Wind Power and Transmission Networks for Offshore Wind Farms, Delft, Netherlands, 26-28 October 2006, pp.113-120.
4. C. Kleinschmidt, F. Verheij, H. Cleijne, N. Moldovan, "The value of wind power from a market perspective", Proceedings of the Sixth International Workshop on Large-Scale Integration of Wind Power and Transmission Networks for Offshore Wind Farms, Delft, Netherlands, 26-28 October 2006, pp.48-54.
5. J.L. Angarita-Márquez, C.A. Hernandez-Aramburo, und J. Usaola-Garcia, "Analysis of a wind farm's revenue in the British and Spanish markets," Energy Policy, vol. 35, 2007, pp. 5051-5059.
6. Vandezande, L. Meeus, R. Belmans, M. Saguan, und J. Glachant, "Well-functioning balancing markets: A prerequisite for wind power integration," Energy Policy, forthcoming.
7. J. Matevosyan and L. Söder, "Minimization of imbalance cost trading wind power on the short-term power market," IEEE Trans. Power Syst, vol. 21, no. 3, pp. 1396-1404, Aug. 2006.
8. G. N. Bathurst, J.Weatherhill, and G. Strbac, "Trading wind generation in short-term energy markets," IEEE Trans. Power Syst., vol. 17, no. 3, pp. 782-789, Aug. 2002.
9. C. Obersteiner, M. Saguan, "Parameters influencing the market value of wind power - a model-based analysis of the Central European power market", European Transactions on Electrical Power, forthcoming.
10. H. Madsen, P. Pinson, H. A. Nielsen, T. S. Nielsen, and G. Kariniotakis, "Standardizing the performance evaluation of short-term wind power prediction models," Wind Eng., vol. 29, no. 6, pp. 475-489, Dec. 2005.
11. I. Martí, G. Kariniotakis, P. Pinson, I. Sanchez, T.S. Nielsen, H. Madsen, G. Giebel, J. Usaola, A.M. Palomares, R. Brownsword, und others, "Evaluation of Advanced Wind Power Forecasting Models-Results of the Anemos Project," Proceedings of the 2006 European Wind Energy Conference, February.
12. U. Focken, M. Lange, K. Mönnich, H.P. Waldl, H.G. Beyer, und A. Luig, "Short-term prediction of the aggregated power output of wind farms - a statistical analysis of the reduction of the prediction error by spatial smoothing effects," Journal of Wind Engineering & Industrial Aerodynamics, vol. 90, 2002, pp. 231-246.
13. C. Weber, "Adequate intraday market design to enable the integration of wind energy into the European power systems," Energy Policy, forthcoming.