Redefining the merit order of stochastic generation in forward markets

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Standard

Redefining the merit order of stochastic generation in forward markets. / Morales, Juan M.; Zugno, Marco; Pineda Morente, Salvador; Pinson, Pierre.

I: IEEE Transactions on Power Systems, Bind 29, Nr. 2, 6656976, 01.03.2014, s. 992-993.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Morales, JM, Zugno, M, Pineda Morente, S & Pinson, P 2014, 'Redefining the merit order of stochastic generation in forward markets', IEEE Transactions on Power Systems, bind 29, nr. 2, 6656976, s. 992-993. https://doi.org/10.1109/TPWRS.2013.2288015

APA

Morales, J. M., Zugno, M., Pineda Morente, S., & Pinson, P. (2014). Redefining the merit order of stochastic generation in forward markets. IEEE Transactions on Power Systems, 29(2), 992-993. [6656976]. https://doi.org/10.1109/TPWRS.2013.2288015

Vancouver

Morales JM, Zugno M, Pineda Morente S, Pinson P. Redefining the merit order of stochastic generation in forward markets. IEEE Transactions on Power Systems. 2014 mar. 1;29(2):992-993. 6656976. https://doi.org/10.1109/TPWRS.2013.2288015

Author

Morales, Juan M. ; Zugno, Marco ; Pineda Morente, Salvador ; Pinson, Pierre. / Redefining the merit order of stochastic generation in forward markets. I: IEEE Transactions on Power Systems. 2014 ; Bind 29, Nr. 2. s. 992-993.

Bibtex

@article{2b59286993974065bf9a028cafd49b33,
title = "Redefining the merit order of stochastic generation in forward markets",
abstract = "This letter proposes a new merit order for the dispatch of stochastic production in forward markets (e.g., day-ahead markets). The proposed merit order considers not only the marginal cost of the stochastic generating unit, which is often very low or zero, but also the projected cost of balancing its energy deviations during the real-time operation of the power system. We show, through an illustrative example, that the proposed merit order leads to increased market efficiency as the penetration of stochastic generation in the electricity market grows.",
keywords = "Bilevel programming, merit order, renewable energy, stochastic generation, stochastic programming",
author = "Morales, {Juan M.} and Marco Zugno and {Pineda Morente}, Salvador and Pierre Pinson",
year = "2014",
month = mar,
day = "1",
doi = "10.1109/TPWRS.2013.2288015",
language = "English",
volume = "29",
pages = "992--993",
journal = "IEEE Transactions on Power Systems",
issn = "0885-8950",
publisher = "Institute of Electrical and Electronics Engineers",
number = "2",

}

RIS

TY - JOUR

T1 - Redefining the merit order of stochastic generation in forward markets

AU - Morales, Juan M.

AU - Zugno, Marco

AU - Pineda Morente, Salvador

AU - Pinson, Pierre

PY - 2014/3/1

Y1 - 2014/3/1

N2 - This letter proposes a new merit order for the dispatch of stochastic production in forward markets (e.g., day-ahead markets). The proposed merit order considers not only the marginal cost of the stochastic generating unit, which is often very low or zero, but also the projected cost of balancing its energy deviations during the real-time operation of the power system. We show, through an illustrative example, that the proposed merit order leads to increased market efficiency as the penetration of stochastic generation in the electricity market grows.

AB - This letter proposes a new merit order for the dispatch of stochastic production in forward markets (e.g., day-ahead markets). The proposed merit order considers not only the marginal cost of the stochastic generating unit, which is often very low or zero, but also the projected cost of balancing its energy deviations during the real-time operation of the power system. We show, through an illustrative example, that the proposed merit order leads to increased market efficiency as the penetration of stochastic generation in the electricity market grows.

KW - Bilevel programming

KW - merit order

KW - renewable energy

KW - stochastic generation

KW - stochastic programming

U2 - 10.1109/TPWRS.2013.2288015

DO - 10.1109/TPWRS.2013.2288015

M3 - Journal article

AN - SCOPUS:84897614679

VL - 29

SP - 992

EP - 993

JO - IEEE Transactions on Power Systems

JF - IEEE Transactions on Power Systems

SN - 0885-8950

IS - 2

M1 - 6656976

ER -

ID: 130020937