The value of flexibility and the effect of an integrated European Intraday-Market

Fattler, Steffen; Pellinger, Christoph

doi:10.1109/eem.2016.7521195

Cited by 6 publications

(3 citation statements)

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“…In [19], the necessity of intraday markets in the presence of wind farms is discussed. The authors evaluated and compared the forecast quality and necessity of flexibility in the power system due to the presence of wind energy in five EU countries.…”

Section: Improving Market Structurementioning

confidence: 99%

“…The authors evaluated and compared the forecast quality and necessity of flexibility in the power system due to the presence of wind energy in five EU countries. Based on [19], the latter investigation depicts that an extra integration of European (EU) Intraday-markets can adversely affect the amount of flexibility required to overcome the forecast errors resulting from the intermittent nature of renewable energies. The results obtained from these two cases were described in [20] which analyzes policy and auction design for energy and reserves to facilitate wind integration.…”

Section: Improving Market Structurementioning

confidence: 99%

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The Mutual Impact of Demand Response Programs and Renewable Energies: A Survey

et al. 2017

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Renewable energies as a solution for environmental issues have always been a key research area due to Demand Response Programs (DRPs). However, the intermittent nature of such energies may cause economic and technological challenges for Independent System Operators (ISOs) besides DRPs, since the acceptable effective solution may exceed the requirement of further investigations. Although, previous studies emphasized employing Demand Response and Renewable Energies in power systems, each problem was investigated independently, and there have been few studies which have investigated these problems simultaneously. In these recent studies, authors neither analyzed these problems simultaneously nor discussed which scientific and practical aspects of demand response and renewable energy injection were employed. Motivated by this requirement, this research has focused on a comprehensive review of recent research of these cases to provide a comprehensive reference for future works.

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Section: Improving Market Structurementioning

confidence: 99%

Section: Improving Market Structurementioning

confidence: 99%

The Mutual Impact of Demand Response Programs and Renewable Energies: A Survey

et al. 2017

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“…Newbery et al explored combining interconnectors would improve the efficiency of trading day-ahead, intra-day and balancing services across borders [9]. Fattler et al quantitatively evaluated the impact of "theoretical market coupling" and showed that EU Intraday-markets can significantly reduce the amount of flexibility [10].…”

Section: Introductionmentioning

confidence: 99%

Scenario analysis of balancing capacity market based on unit commitment

et al. 2020

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In 2021, it is scheduled for the creation of the balancing capacity market that can procurement and trade more flexible adjustment power than before, and the detailed design of the system is currently underway. As the number of providers of adjustment power increases as a result of marketization and broadening of the area, not only the reduction of procurement costs but also transparency and fairness of procurement are expected. In this paper, we propose the method to analysis scenarios of the balancing market based on Unit Commitment (UC) that considers the range of adjustment power secured in the regulation capacity market and quantitatively evaluate the effect of the adjustment power on the UC.

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How wind forecast updates are balanced in coupled European intraday markets

Boehnke,

Kolkmann,

Leisen

et al. 2024

IET Renewable Power Gen

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The market coupling of adjacent market zones is a key element in terms of coping with rising levels of uncertainty in the European energy system due to the adoption of more volatile renewable energy sources. An adequate analysis of this issue yet requires an appropriate consideration of uncertainty along with a detailed modelling of market coupling. Thus, we present a novel approach combining a comprehensive unit commitment and dispatch model with a sophisticated methodology to reflect the uncertainty of wind power generation by considering forecast updates for the German market region in the market clearing process. Subsequently, we investigate the impact of uncertainty on cross‐border electricity flows in a European case study. Our results show that all adjacent market zones and all relevant technologies significantly contribute to balancing forecast updates in Germany, underlining the benefits of intraday market coupling. Further, we observe that a joint and unrestricted intraday market is the most cost‐efficient market solution. Finally, our analyses show that more extensive market coupling is indispensable for the further integration of renewable energy sources in the future.

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The value of flexibility and the effect of an integrated European Intraday-Market

Cited by 6 publications

References 0 publications

The Mutual Impact of Demand Response Programs and Renewable Energies: A Survey

The Mutual Impact of Demand Response Programs and Renewable Energies: A Survey

Scenario analysis of balancing capacity market based on unit commitment

How wind forecast updates are balanced in coupled European intraday markets

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