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Value of multi-market trading for a hydropower producer

Value of multi-market trading for a hydropower producer

Kategori
D1 Vitenskapelig artikkel i konferanse- workshop proceedings
Sammendrag
We present a case study for a price-taking hydropower producer trading in the three short-term energy markets, day-ahead, intra-day and the balancing market. The study uses a scheduling software with a detailed representation of a real Norwegian power plant optimizing the operations and trade for historical market data from 2015. The motivation for the study is to make an assessment of the value of trading in multiple markets relative to day-ahead trading only, utilizing a simplifying perfect foresight assumption. This gives the basis for assessing the value of developing more complex models with a more precise representation of uncertainty in the decision process. The analysis show a significant added value from participating in more markets than day-ahead, with the balancing market giving the largest contribution.
Språk
Engelsk
År
2017
Publisert i
2017 14th International Conference on the European Energy Market - EEM 2017
International Conference on the European Energy Market / 2017
ISSN
2165-4093
Forlag
IEEE conference proceedings
ISBN
978-1-5090-5499-2
Publikasjons-id
CRIStin 1482595