Title :
Wind as a price-maker and ancillary services provider in competitive electricity markets
Author :
Troy, Niamh ; Twohig, Sonya
Author_Institution :
Electr. Res. Centre, Univ. Coll. Dublin, Dublin, Ireland
Abstract :
Electricity markets are currently evolving to accommodate large scale penetration of wind generation. In this research, potential changes to the classification and role of wind generators in the Single Electricity Market (SEM), the market for Northern Ireland and the Republic of Ireland, are examined. The effect of wind generators opting to become price-making and the potential for wind generators to provide positive spinning reserve is investigated. By submitting bids for available generation, price-making wind generators can increase their revenues from the market and influence the average electricity price. Results also show reduced emissions and systems costs arise in allowing wind to provide spinning reserve.
Keywords :
power generation economics; power markets; pricing; wind power plants; Northern Ireland; Republic of Ireland; ancillary service provider; price making; single electricity market; system costing; wind generation; Market Prices; Power System Modeling; Wind Power Generation;
Conference_Titel :
Power and Energy Society General Meeting, 2010 IEEE
Conference_Location :
Minneapolis, MN
Print_ISBN :
978-1-4244-6549-1
Electronic_ISBN :
1944-9925
DOI :
10.1109/PES.2010.5590007