Wind generation influence on market splitting: The Iberian spot electricity market

2015 12th International Conference on the European Energy Market (EEM) Pub Date : 2015-05-19 DOI:10.1109/EEM.2015.7216649

Nuno Carvalho Figueiredo, P. Pereira da Silva, P. Cerqueira

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引用次数: 3

Abstract

This paper aims to assess the influence of wind power generation on the market splitting behaviour of the Iberian electricity spot markets. Iberia stands as an ideal case study, where the high level deployment of wind power is observed, together with an early implementation of the market splitting mechanism between the Portuguese and the Spanish spot electricity markets. Non-parametric models are used to express the probability response for market splitting of day-ahead spot electricity prices as a function of wind and hydro power, together with the available transmission capacity and electricity demand. Non-parametric models overcome known limitations of previously used parametric models, providing additional detail and more efficiently. Model results show that there is an increase of market splitting probability with simultaneous higher wind and hydro power generation and lower available transfer capacity, suggesting that cross-border interconnection development should be linked to the increase in renewable power installation capacity, both current and forecasted.

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风力发电对市场分割的影响:伊比利亚现货电力市场

本文旨在评估风力发电对伊比利亚电力现货市场市场分割行为的影响。伊比利亚是一个理想的案例研究，在那里观察到风电的高水平部署，以及葡萄牙和西班牙现货电力市场之间的市场分割机制的早期实施。采用非参数模型将日前现货电价作为风电、水电、可用输电容量和电力需求的函数表示为市场分裂的概率响应。非参数模型克服了先前使用的参数模型的已知局限性，提供了更多的细节，并且更有效。模型结果表明，风电和水能发电量同时增加，可用输电容量同时减少，市场分裂概率增加，这表明跨境互联发展应与当前和未来可再生能源装机容量的增加挂钩。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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2015 12th International Conference on the European Energy Market (EEM)

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