Incentivizing renewables and reducing grid imbalances through market interaction

A forecasting and control approach

Doctoral Thesis (2020)
Author(s)

Jesus Lago Garcia (TU Delft - Team Bart De Schutter)

Contributor(s)

Bart de Schutter – Promotor (TU Delft - Team Bart De Schutter, TU Delft - Delft Center for Systems and Control)

Research Group
Team Bart De Schutter
Copyright
© 2020 Jesus Lago
More Info
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Publication Year
2020
Language
English
Copyright
© 2020 Jesus Lago
Research Group
Team Bart De Schutter
ISBN (print)
978-94-6402-444-9
Reuse Rights

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Abstract

As the penetration of renewable energy sources (RESs) increases, so does the dependence of electricity production on weather and, in turn, the uncertainty in electricity generation, the volatility in electricity prices, and the imbalances between production and consumption. In this context, while RES integration does complicate grid balance and increase price volatility, it also opens up opportunities for flexible market agents to reduce grid imbalances. In particular, by using the nature of the interactions between electricity markets and grid balance, market agents can reduce grid imbalances while increasing their profit. However, despite this obvious win-win situation, traditional research in this field has focused on balancing mechanisms that do not always exploit these relations between electricity markets and grid balance.

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Dissertation.pdf
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Propositions.pdf
(pdf | 0.115 Mb)
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