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A real time pricing approach to deal with excessive wind power situations

dc.contributor.authorFaria, Pedro
dc.contributor.authorVale, Zita
dc.contributor.authorMorais, H.
dc.date.accessioned2013-04-19T11:24:19Z
dc.date.available2013-04-19T11:24:19Z
dc.date.issued2012
dc.date.updated2013-04-11T14:06:21Z
dc.description.abstractThe introduction of wind power generation in several countries around the world, including in European countries, where energy policy directives have encouraged the use of renewables, led to several changes in market and power systems operation. The intensive integration of these sources has led to situations in which the demand is lower than the available renewable resources. In these situations a part of the available generation is wasted if not used for storage or to supply additional demand. This paper proposes a real time demand response methodology based on changing the electricity price for the consumers expecting an increase in the demand in the periods in which that demand is lower than the available renewable generation. The consumers response to the changes in electricity price is characterized by their price elasticity of demand considered distinct for each consumer type. The proposed methodology is applied to the Portuguese power system, in the context of the Iberian electricity market (MIBEL). The renewable-based producers are considered as special producers, with special tariffs, and so it is important to use the energy available as it will be paid anyway. In this context, consumers are entities actively participating in the operation of the market.por
dc.identifier.urihttp://hdl.handle.net/10400.22/1425
dc.language.isoengpor
dc.publisherEWEApor
dc.relation.publisherversionhttp://proceedings.ewea.org/annual2012/allfiles2/1412_EWEA2012presentation.pdfpor
dc.subjectReal time pricingpor
dc.subjectWind powerpor
dc.titleA real time pricing approach to deal with excessive wind power situationspor
dc.typeconference object
dspace.entity.typePublication
oaire.citation.conferencePlaceCopenhagen, Denmark, 2012por
oaire.citation.titleEuropean Wind Energy Association (EWEA 2012)por
person.familyNameFaria
person.familyNameVale
person.givenNamePedro
person.givenNameZita
person.identifier632184
person.identifier.ciencia-idB212-2309-F9C3
person.identifier.ciencia-id721B-B0EB-7141
person.identifier.orcid0000-0002-5982-8342
person.identifier.orcid0000-0002-4560-9544
person.identifier.ridA-5824-2012
person.identifier.scopus-author-id7004115775
rcaap.rightsopenAccesspor
rcaap.typeconferenceObjectpor
relation.isAuthorOfPublication35e6a4ab-f644-4bc5-b6fc-9fd89c23d6c6
relation.isAuthorOfPublicationff1df02d-0c0f-4db1-bf7d-78863a99420b
relation.isAuthorOfPublication.latestForDiscovery35e6a4ab-f644-4bc5-b6fc-9fd89c23d6c6

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