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Adjacent Markets Influence Over Electricity Trading—Iberian Benchmark Study

2020Journal article Open access
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dc.contributor.authorMorais, Hugo
dc.contributor.authorPinto, Tiago
dc.contributor.authorVale, Zita
dc.date.accessioned2021-09-17T15:20:49Z
dc.date.available2021-09-17T15:20:49Z
dc.date.issued2020
dc.description.abstractThis paper presents a study on the impact of adjacent markets on the electricity market, realizing the advantages of acting in several different markets. The increased use of renewable primary sources to generate electricity and new usages of electricity such as electric mobility are contributing to a better and more rational way of living. The investment in renewable technologies for the distributed generation has been creating new opportunities for owners of such technologies. Besides the selling of electricity and related services (ancillary services) in energy markets, players can participate and negotiate in other markets, such as the carbon/CO2 market, the guarantees of origin market, or provide district heating services selling of steam and hot water among others. These market mechanisms are related to the energy market, originating a wide market strategy improving the benefits of using distributed generators. This paper describes several adjacent markets and how do they complement the electricity market. The paper also shows how the simulation of electricity and adjacent markets can be performed, using an electricity market simulator, and demonstrates, based on market simulations using real data from the Iberian market, that the participation in various complementary markets can enable power producers to obtain extra profits that are essential to cover the production costs and facilities maintenance. The findings of this paper enhance the advantages for investment on energy production based renewable sources and more efficient technologies of energy conversionpt_PT
dc.description.sponsorshipThis work was supported by national funds through FCT, Fundação para a Ciência e a Tecnologia, under projects UIDB/50021/2020, UIDB/00760/2020 and CEECIND/01811/2017. This work has also received funding from the EU Horizon 2020 research and innovation program under project DOMINOES (grant agreement No 771066).pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.3390/en13112808pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.22/18423
dc.language.isoengpt_PT
dc.publisherMDPIpt_PT
dc.relationSmart Distribution Grid: a Market Driven Approach for the Next Generation of Advanced Operation Models and Services
dc.relation.publisherversionhttps://www.mdpi.com/1996-1073/13/11/2808pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/pt_PT
dc.subjectCarbon emissions marketspt_PT
dc.subjectElectricity marketspt_PT
dc.subjectGuarantees of origin marketpt_PT
dc.subjectMulti-agent simulationpt_PT
dc.titleAdjacent Markets Influence Over Electricity Trading—Iberian Benchmark Studypt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.awardTitleSmart Distribution Grid: a Market Driven Approach for the Next Generation of Advanced Operation Models and Services
oaire.awardURIinfo:eu-repo/grantAgreement/EC/H2020/771066/EU
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/157466/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/CEEC IND 2017/4291/PT
oaire.citation.issue11pt_PT
oaire.citation.startPage2808pt_PT
oaire.citation.titleEnergiespt_PT
oaire.citation.volume13pt_PT
oaire.fundingStreamH2020
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStreamCEEC IND 2017
person.familyNameMorais
person.familyNamePinto
person.familyNameVale
person.givenNameHugo
person.givenNameTiago
person.givenNameZita
person.identifier80878
person.identifierR-000-T7J
person.identifier632184
person.identifier.ciencia-id2010-D878-271B
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person.identifier.ciencia-id721B-B0EB-7141
person.identifier.orcid0000-0001-5906-4744
person.identifier.orcid0000-0001-8248-080X
person.identifier.orcid0000-0002-4560-9544
person.identifier.ridT-2245-2018
person.identifier.ridA-5824-2012
person.identifier.scopus-author-id21834170800
person.identifier.scopus-author-id35219107600
person.identifier.scopus-author-id7004115775
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameEuropean Commission
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
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