Evaluating Impact of Wind Power Hourly Variability on Day-Ahead Electricity Markets
Wind power is undergoing a rapid development in many countries and has gained greater attention as the penetration of wind power continues to grow. To ensure reliable and efficient operation and planning of large amount of wind power resources, the impact of wind power on the power systems need to be carefully examined. This paper attempts to evaluate the impact of wind power variability on the efficient operation of day-ahead electricity markets. An approach to adjust wind hourly variability is presented, and full-year simulations have been carried out on much of the US Eastern Interconnection power systems. The simulation includes six wind variability levels in conjunction with three wind penetration levels to reveal a complete picture of the impact of wind variability. Detailed results quantifying the impact are presented including production cost, load cost, LMP, thermal generation and wind curtailment.
R. Bo and J. Bakke, "Evaluating Impact of Wind Power Hourly Variability on Day-Ahead Electricity Markets," Proceedings of the 2014 IEEE Power and Energy Society General Meeting Conference and Exposition (2014, National Harbor, MD), vol. 2014, pp. 1-4, Institute of Electrical and Electronics Engineers (IEEE), Oct 2014.
The definitive version is available at https://doi.org/10.1109/PESGM.2014.6939923
2014 IEEE Power and Energy Society General Meeting Conference and Exposition, PES 2014 (2014: Jul. 27-31, National Harbor, MD)
Electrical and Computer Engineering
Keywords and Phrases
Commerce; Wind Power; Day Ahead Market; Day-Ahead Electricity Market; Electricity Market; Thermal Generation; Variability; Wind Penetration Levels; Wind Power Resources; Wind Power Variabilities; Power Markets; Day-Ahead Market; Electricity Markets
International Standard Serial Number (ISSN)
Article - Conference proceedings
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