Wind farm strategic investment considering forecast errors penalties in a nodal prices market - Mines Paris Accéder directement au contenu
Communication Dans Un Congrès Année : 2014

Wind farm strategic investment considering forecast errors penalties in a nodal prices market

Résumé

In this work, we determine the optimal investment strategy of a wind producer in a local prices environment, taking into account the penalties for real-time imbalances. We assume these imbal- ances come from forecast errors on the considered renewable production only. To do so, we solve a bilevel optimization problem. The upper level problem corresponds to the revenue of the con- sidered producer, and the lower level problems correspond to the market clearings, taking place a day ahead of operations and on real-time. Indeed, we consider that imbalances penalties cor- respond to real-time prices such as is done in the American market PJM. Indeed, in a local prices framework, using real-time prices is a simple way to recover the financial amounts corresponding to the imbalances in power.
Fichier principal
Vignette du fichier
articlePosterFinal.pdf (192.97 Ko) Télécharger le fichier
Origine Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

hal-01002074 , version 1 (06-06-2014)

Identifiants

  • HAL Id : hal-01002074 , version 1

Citer

Fiona Foucault, Robin Girard, Georges Kariniotakis. Wind farm strategic investment considering forecast errors penalties in a nodal prices market. EWEA 2014, Mar 2014, Spain. pp.1-9. ⟨hal-01002074⟩
202 Consultations
289 Téléchargements

Partager

Gmail Mastodon Facebook X LinkedIn More