The Effect of Wind Power on Electricity Prices in Denmark

Tryggvi Jonsson, Henrik Madsen

    Research output: Book/ReportReportResearch

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    Abstract

    This report is the result of a special course taken by the author at IMM DTU under the guidance of professor Henrik Madsen. The aim of the project is to analyze the influence wind energy has on the electricity spot price in Western Denmark and investigate how information about wind power production can be used to model the electricity spot price. Various model types were tried, giving very different performance. Here, only the models that performed best are discussed in order to keep focus on the projects goal.
    Original languageEnglish
    Place of PublicationLyngby
    PublisherInformatics and Mathematical Modelling, Technical University of Denmark, DTU
    Publication statusPublished - 2007
    SeriesD T U Compute. Technical Report
    Number22
    ISSN1601-2321

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