Abstract
This paper proposes a stochastic time-series based method to simulate the volatility of intermittent renewable generation and distributed storage devices along timeline. The proposed method can calculate the optimal timeline for different electricity markets and power systems. In practice, the proposed method is potentially useful for designing market rules and evaluating different design options. Following works is underway on application and simulation of proposed method using the realistic distribution system of Bornholm Island in Denmark.
| Original language | English |
|---|---|
| Title of host publication | IEEE PES GM 2010 |
| Publisher | IEEE |
| Publication date | 2010 |
| ISBN (Print) | 978-1-4244-6549-1 |
| ISBN (Electronic) | 978-1-4244-8357-0 |
| DOIs | |
| Publication status | Published - 2010 |
| Event | 2010 IEEE Power and Energy Society General Meeting - Minneapolis, United States Duration: 25 Jul 2010 → 29 Jul 2010 http://ieeexplore.ieee.org/xpl/mostRecentIssue.jsp?punumber=5577387 |
Conference
| Conference | 2010 IEEE Power and Energy Society General Meeting |
|---|---|
| Country/Territory | United States |
| City | Minneapolis |
| Period | 25/07/2010 → 29/07/2010 |
| Internet address |
Keywords
- regulating power
- electricity market
- vehicle to grid
- power system
- distributed storage
- renewable energy
- time-series analysis
- market design
- electric vehicle
- Monte-Carlo simulation
