publication . Conference object . 2015

Effect of Ramping Requirement and Price Cap on Energy Price in a System with High Wind Penetration

Martin, Sebastián; Smeers, Yves; Aguado-Sanchez, Jose Antonio;
Open Access English
  • Published: 28 Oct 2015
  • Country: Spain
Abstract
Sebastian Martin, Yves Smeers, and Jose Aguado. Effect of Ramping Requirement and Price Cap on Energy Price in a System with High Wind Penetration. In proceedings of the 22nd International Symposium on Mathematical Programming, Pittsburgh, July 12-17, 2015 The European power market is currently retiring or mothballing large capacities of conventional plants, and at the same time incorporating a significant amount of non-dispatchable renewable generation, in particular wind. We analyse the mothballing process (and the resulting system) and study how they are affected by a price cap implemented in the energy only market, and by a possible implementation of ramping...
Subjects
free text keywords: Empresas eléctricas - Tarifas, Electricity Market, Energy Price, Price Cap, Ramping requirement, Wind generation
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