Variable renewable energy and market design: new products and a real-world study
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.9/3208 |
Resumo: | ABSTRACT: Most existing energy markets (EMs) were not designed to take into account an active participation of variable renewable energy (VRE). This situation results typically in imbalances and substantial costs in balancing markets. Such costs are reflected both in the energy and the VRE parts of the consumer tariffs. Both appropriate market products and new elements of market design may largely facilitate the large-scale integration of VRE in EMs. Accordingly, this article presents a new bilateral energy contract and introduces two new marketplaces that can contribute to reduce the imbalances resulting from VRE producers. It also presents a study conducted with the help of an agent-based tool, called MATREM. The results indicate a significant decrease in the imbalances and the associated costs. |
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Variable renewable energy and market design: new products and a real-world studyElectricity marketsAgent-based modelingMATREM systemRenewable energiesIntegrationABSTRACT: Most existing energy markets (EMs) were not designed to take into account an active participation of variable renewable energy (VRE). This situation results typically in imbalances and substantial costs in balancing markets. Such costs are reflected both in the energy and the VRE parts of the consumer tariffs. Both appropriate market products and new elements of market design may largely facilitate the large-scale integration of VRE in EMs. Accordingly, this article presents a new bilateral energy contract and introduces two new marketplaces that can contribute to reduce the imbalances resulting from VRE producers. It also presents a study conducted with the help of an agent-based tool, called MATREM. The results indicate a significant decrease in the imbalances and the associated costs.MDPIRepositório do LNEGAlgarvio, HugoLopes, FernandoCouto, AntónioEstanqueiro, AnaSantana, João2020-03-27T13:03:34Z2019-01-01T00:00:00Z2019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.9/3208engAlgarvio, Hugo... [et.al.] - Variable renewable energy and market design: new products and a real-world study. In: Energies, 2019, Vol. 12, article nº 45761996-107310.3390/en12234576info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2022-09-06T12:28:39Zoai:repositorio.lneg.pt:10400.9/3208Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T15:36:26.626857Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Variable renewable energy and market design: new products and a real-world study |
title |
Variable renewable energy and market design: new products and a real-world study |
spellingShingle |
Variable renewable energy and market design: new products and a real-world study Algarvio, Hugo Electricity markets Agent-based modeling MATREM system Renewable energies Integration |
title_short |
Variable renewable energy and market design: new products and a real-world study |
title_full |
Variable renewable energy and market design: new products and a real-world study |
title_fullStr |
Variable renewable energy and market design: new products and a real-world study |
title_full_unstemmed |
Variable renewable energy and market design: new products and a real-world study |
title_sort |
Variable renewable energy and market design: new products and a real-world study |
author |
Algarvio, Hugo |
author_facet |
Algarvio, Hugo Lopes, Fernando Couto, António Estanqueiro, Ana Santana, João |
author_role |
author |
author2 |
Lopes, Fernando Couto, António Estanqueiro, Ana Santana, João |
author2_role |
author author author author |
dc.contributor.none.fl_str_mv |
Repositório do LNEG |
dc.contributor.author.fl_str_mv |
Algarvio, Hugo Lopes, Fernando Couto, António Estanqueiro, Ana Santana, João |
dc.subject.por.fl_str_mv |
Electricity markets Agent-based modeling MATREM system Renewable energies Integration |
topic |
Electricity markets Agent-based modeling MATREM system Renewable energies Integration |
description |
ABSTRACT: Most existing energy markets (EMs) were not designed to take into account an active participation of variable renewable energy (VRE). This situation results typically in imbalances and substantial costs in balancing markets. Such costs are reflected both in the energy and the VRE parts of the consumer tariffs. Both appropriate market products and new elements of market design may largely facilitate the large-scale integration of VRE in EMs. Accordingly, this article presents a new bilateral energy contract and introduces two new marketplaces that can contribute to reduce the imbalances resulting from VRE producers. It also presents a study conducted with the help of an agent-based tool, called MATREM. The results indicate a significant decrease in the imbalances and the associated costs. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-01-01T00:00:00Z 2019-01-01T00:00:00Z 2020-03-27T13:03:34Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.9/3208 |
url |
http://hdl.handle.net/10400.9/3208 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Algarvio, Hugo... [et.al.] - Variable renewable energy and market design: new products and a real-world study. In: Energies, 2019, Vol. 12, article nº 4576 1996-1073 10.3390/en12234576 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
MDPI |
publisher.none.fl_str_mv |
MDPI |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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