Analysis of Strategic Wind Power Participation in Energy Market using MASCEM simulator

Tiago Soares, Gabriel Santos, Tiago Pinto, Hugo Morais, Pierre Pinson, Zita Vale

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

In recent years the reassessment of remuneration schemes for renewable sources in several European countries has motivated the increase of wind power generation participation in electricity markets. Moreover, the continuous growth of wind power generation, as well as the evolution of wind turbines technology, suggests that wind power plants may participate in both energy and ancillary services markets with strategic behavior to improve their benefits. Thus, wind power generation with strategic behavior may have impact on market equilibrium and pricing. This paper evaluates the impact of a proportional offering strategy for wind power plants to participate in both energy and ancillary services markets. MASCEM (Multi-Agent System for Competitive Electricity Markets) is used to simulate and validate the impact of wind power plants in market equilibrium. A case study based on real and recent data for the Iberian market and its specific rules is simulated in MASCEM.
Original languageEnglish
Title of host publicationProceedings of Intelligent System Applications to Power Systems (ISAP 2015)
Number of pages6
PublisherIEEE
Publication date2015
ISBN (Print)9781509001910
DOIs
Publication statusPublished - 2015
EventIntelligent System Applications to Power Systems - Porto, Portugal
Duration: 14 Sep 201516 Sep 2015
Conference number: ISAP 2015

Conference

ConferenceIntelligent System Applications to Power Systems
NumberISAP 2015
CountryPortugal
CityPorto
Period14/09/201516/09/2015

Keywords

  • Bidding strategy
  • Energy and ancillary services market
  • Market simulation
  • Multi-agent systems
  • Wind power

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