Title : 
Tools for the Analysis and Design of Distributed Resources—Part III: Market Studies
         
        
            Author : 
Conejo, Antonio J. ; Morales, Juan M. ; Martínez, Juan A.
         
        
            Author_Institution : 
Electr. Eng., Univ. of Castilla-La Mancha, Ciudad Real, Spain
         
        
        
        
        
            fDate : 
7/1/2011 12:00:00 AM
         
        
        
        
            Abstract : 
This paper provides an overview of market issues related to the economic operation of an electric energy system with a high penetration of distributed energy resources. Models and tools to tackle these issues are discussed. A fully-fledged market structure of the pool type is considered. The analysis focuses on a particular distributed resource, wind power, the most economically successful renewable source.
         
        
            Keywords : 
distributed power generation; power markets; distributed energy resources; economic operation; electric energy system; fully-fledged market structure; market studies; wind power; Economics; Production; Real time systems; Regulators; Stochastic processes; Wind forecasting; Wind power generation; Distributed resources (DRs); independent system operator (ISO); market operator; market studies; regulator; tools for market studies; wind power;
         
        
        
            Journal_Title : 
Power Delivery, IEEE Transactions on
         
        
        
        
        
            DOI : 
10.1109/TPWRD.2011.2116044