Effect of Stochastic Variables on Balancing Mechanism

DOI

10.2991/smont-19.2019.47How to use a DOI?

Keywords

power system balancing; renewable energy sources; balancing market; ancillary services; active reserves

Abstract

In the eve of power system decarbonization, the balancing mechanisms are becoming crucial to maintain continuous operation of the system. The stochastic nature of wind and solar units requests more balancing energy and it affects prices on both energy and balancing markets. This paper will try to address correlation between stochastic system variables and balancing energy volumes and prices. System variables observed are: consumption, wind and solar generation, net consumption and net consumption error.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ivan Pavić
AU  - Matej Krpan
AU  - Igor Kuzle
AU  - Yongqian Liu
PY  - 2019/04
DA  - 2019/04
TI  - Effect of Stochastic Variables on Balancing Mechanism
BT  - Proceedings of the 2019 International Conference on Modeling, Simulation, Optimization and Numerical Techniques (SMONT 2019)
PB  - Atlantis Press
SP  - 211
EP  - 214
SN  - 1951-6851
UR  - https://doi.org/10.2991/smont-19.2019.47
DO  - 10.2991/smont-19.2019.47
ID  - Pavić2019/04
ER  -