Price‐based control of ancillary services for power balancing

Bosch, van den Ppj Paul; Jokic, A.; Frunt, J.; Kling, WL Wil; Nobel, FA Frank; Pgm, Boonekamp; Boer, de W; Hermans, RM Ralph; Virag, Ana

doi:10.1002/etep.530

Cited by 12 publications

(3 citation statements)

References 15 publications

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“…As a result of imperfect predictions, the aheadestablished transactions will deviate from the actual supply and demand of energy, and unscheduled or infeasible power flows need to be counteracted immediately, to prevent network overloading. It is thus crucial for TSOs to design ahead-market schemes that are both as accurate and robust as possible, to minimize the need for real-time (fast and expensive) control effort, see, e.g., [4]. When market-based congestion management is the main focus, these methods should maximize social welfare while simultaneously taking limited network capacity and uncertainty of supply/demand into account.…”

Section: A Ahead Markets and Uncertaintymentioning

confidence: 99%

Congestion management in the deregulated electricity market: An assessment of locational pricing, redispatch and regulation

Hermans

Bosch

Jokic

et al. 2011

2011 8th International Conference on the European Energy Market (EEM)

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Section: A Ahead Markets and Uncertaintymentioning

confidence: 99%

Congestion management in the deregulated electricity market: An assessment of locational pricing, redispatch and regulation

Hermans

Bosch

Jokic

et al. 2011

2011 8th International Conference on the European Energy Market (EEM)

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“…The TSO is responsible for the electrical transmission infrastructure and thus for preserving the real-time power balance. It should achieve this by providing Balance Responsible Parties (BRPs) with such incentives that rational, i.e., profit-driven, behavior on their side leads to reliable operation of the network, see, e.g., [1].…”

Section: Introductionmentioning

confidence: 99%

Systematic design of market-based balancing arrangements for deregulated power systems: An asynchronous solution

Verberk

Hermans

Bosch

et al. 2011

2011 IEEE Trondheim PowerTech

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Abstract-In the deregulated electrical energy market, network operators have to provide market participants with appropriate incentives to guarantee stable operation of the power grid. We demonstrate that the current synchronous energy-based market and incentive system do not necessarily induce power exchange profiles that contribute to grid stability and security of supply. State-of-the-art solutions for tackling the inconsistency between energy-based market mechanisms and power-related balancing objectives can decrease freedom of trade or increase market complexity. This paper provides an alternative scheduling concept as a means to overcome this issue, which relies on asynchronous settlement of energy transactions. We show that in this way, grid operation can become more robust and the strain on balancing reserves can be reduced considerably.

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“…Van den Bosch et al analyze the present arrangements and the future requirements to be posed on incentives and regulation for ancillary services (AS) for power balancing. They propose companies to assess their own needs for AS, guaranteeing a reliable and efficient operation of power systems in a market environment.…”

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confidence: 99%

European energy market

Belmans

2011

Int Trans Elec Energy Syst

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EEM is a premier forum to discuss the development of the energy sector in a market environment. It has achieved a considerable success during the previous editions covering the electricity and gas markets policies and experiences, climate change impacts on the sector and developments at the European level.The conference comprises several sessions with keynote speakers. In each session, dealing with a certain topic, the opinions of speakers from the main European institutions, market agents and prominent academics are confronted. Following topics were covered by the keynote speakers: renewables integration, smart grids, CO 2 trading, power exchanges, offshore wind and gas markets. Those keynote sessions were alternated with parallel sessions, allowing researchers to present their work in 20-min talks.This special issue contains seven papers from the sixth International Conference on the European Energy Market, (EEM09), held at the K.U.Leuven (Belgium) on May 27-29, 2009. The papers address a variety of topics, ranging from investments in generation and transmission to demand-side integration in the energy market. The full proceedings of the conference can be found on http://ieeexplore.ieee.org/xpl/conferences.jsp#.Szolgayova et al.[1] generate distributions arising from the investment behavior optimized in a real options model, accounting for uncertainty and irreversibility at the plant level, and use them in a dynamic portfolio model, where the conditional value-at-risk is the risk measure. They illustrate that this approach is not only useful from the aggregate investment point of view but also for the purpose of evaluating the effects of policy on investment patterns and the resulting energy mix.Perekhodtsev and Baselice [2] examine the bidding behavior of Enel in 2004 to estimate the extent to which Enel was bidding opportunistically in temporal and geographic markets in which it was indispensible. This analysis has shown that over the period from April to August 2004, the bidding behavior of Enel varied across plant types. The authors verified whether this conduct could have had a material impact on market prices.Obersteiner and Saguan [3] model wind power-price interactions and investigate the sensitivity of the market value on a number of wind power and system-related parameters. Results indicate that for expected wind capacities in 2020 the market value is significantly lower than the baseload price. The market value reducing effect varies among countries and is comparably low for wind power portfolios whose generation is weakly correlated with the overall wind power generation in the respective power market.Cossent et al.[4] present a quantification of the impact of DG on distribution network costs in three real distribution areas. The computation of the distribution network costs was carried out by means of two large-scale distribution planning models called reference network models (RNMs). Van den Bosch et al. [5] analyze the present arrangements and the future requirements to be posed on incentives an...

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Price‐based control of ancillary services for power balancing

Cited by 12 publications

References 15 publications

Congestion management in the deregulated electricity market: An assessment of locational pricing, redispatch and regulation

Congestion management in the deregulated electricity market: An assessment of locational pricing, redispatch and regulation

Systematic design of market-based balancing arrangements for deregulated power systems: An asynchronous solution

European energy market

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