Hourly Matching of renewable electricity production with demand of large-scale electricity consumers

This research aims to provide a method for large-scale commercial electricity consumers to procure towards 100% hourly matched renewable electricity. A problem with the current electricity balancing system is that the energy produced by Variable Renewable Energy sources (VRES), such as wind and solar PV, has a weather-dependent production...

Increasing the Market Value of Wind Power Using Improved Stochastic Process Modeling and Optimization: A Case Study of a Belgian Wind Power Producer

Wind Power Producers (WPP) incur a negative result through mandatory participation on the balancing market. This study analyzes the performance of multiple improved offering strategies for a WPP offering both on the day-ahead market and the balancing market. It does so on revenue, as well as its impact on the grid and electricity market as a...