Wind balancing costs in a power system with high wind penetration – Evidence from Portugal

Detalhes bibliográficos
Autor(a) principal: Frade, Pedro M.S.
Data de Publicação: 2019
Outros Autores: Pereira, João Pedro, Santana, J. J. E., Catalão, J. P. S.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://doi.org/10.1016/j.enpol.2019.06.006
Resumo: Funding agencies: FCT-Fundacao para Ciencia e Tecnologia (UID/ECO/00124/2013 ), Por Lisboa (LISBOA-01-0145-FEDER-007722 ), Por Norte (Social Sciences DataLab 22209)
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network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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spelling Wind balancing costs in a power system with high wind penetration – Evidence from PortugalBalancing marketElectricityIntermittencyWind powerEnergy(all)Management, Monitoring, Policy and LawSDG 7 - Affordable and Clean EnergyFunding agencies: FCT-Fundacao para Ciencia e Tecnologia (UID/ECO/00124/2013 ), Por Lisboa (LISBOA-01-0145-FEDER-007722 ), Por Norte (Social Sciences DataLab 22209)The growth of intermittent renewable power generation has been drawing attention to the design of balancing markets. Portugal is an interesting case study because wind generation already accounts for a high fraction of demand (23% in 2012–2016), but still there are no economic incentives for efficient wind forecasting (wind balancing costs are passed to end consumers). We analyze the evolution of the balancing market from 2012 to 2016. Using actual market data, we find wind balancing costs around 2 euros per MWh of generated energy. One main reason for these low costs is the existence of a robust transmission grid, which allows for the compensation of positive with negative wind imbalances across the system. Nevertheless, the results suggest that final consumers could save several million euros per year if wind generators were made responsible for the economic cost of their imbalances, in line with other European markets.NOVA School of Business and Economics (NOVA SBE)RUNFrade, Pedro M.S.Pereira, João PedroSantana, J. J. E.Catalão, J. P. S.2022-03-31T00:31:39Z2019-09-012019-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article12application/pdfhttps://doi.org/10.1016/j.enpol.2019.06.006eng0301-4215PURE: 13913647http://www.scopus.com/inward/record.url?scp=85067398915&partnerID=8YFLogxKhttps://doi.org/10.1016/j.enpol.2019.06.006info: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:RCAAP2024-03-11T04:37:38Zoai:run.unl.pt:10362/84420Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:29.160572Repositório 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 Wind balancing costs in a power system with high wind penetration – Evidence from Portugal
title Wind balancing costs in a power system with high wind penetration – Evidence from Portugal
spellingShingle Wind balancing costs in a power system with high wind penetration – Evidence from Portugal
Frade, Pedro M.S.
Balancing market
Electricity
Intermittency
Wind power
Energy(all)
Management, Monitoring, Policy and Law
SDG 7 - Affordable and Clean Energy
title_short Wind balancing costs in a power system with high wind penetration – Evidence from Portugal
title_full Wind balancing costs in a power system with high wind penetration – Evidence from Portugal
title_fullStr Wind balancing costs in a power system with high wind penetration – Evidence from Portugal
title_full_unstemmed Wind balancing costs in a power system with high wind penetration – Evidence from Portugal
title_sort Wind balancing costs in a power system with high wind penetration – Evidence from Portugal
author Frade, Pedro M.S.
author_facet Frade, Pedro M.S.
Pereira, João Pedro
Santana, J. J. E.
Catalão, J. P. S.
author_role author
author2 Pereira, João Pedro
Santana, J. J. E.
Catalão, J. P. S.
author2_role author
author
author
dc.contributor.none.fl_str_mv NOVA School of Business and Economics (NOVA SBE)
RUN
dc.contributor.author.fl_str_mv Frade, Pedro M.S.
Pereira, João Pedro
Santana, J. J. E.
Catalão, J. P. S.
dc.subject.por.fl_str_mv Balancing market
Electricity
Intermittency
Wind power
Energy(all)
Management, Monitoring, Policy and Law
SDG 7 - Affordable and Clean Energy
topic Balancing market
Electricity
Intermittency
Wind power
Energy(all)
Management, Monitoring, Policy and Law
SDG 7 - Affordable and Clean Energy
description Funding agencies: FCT-Fundacao para Ciencia e Tecnologia (UID/ECO/00124/2013 ), Por Lisboa (LISBOA-01-0145-FEDER-007722 ), Por Norte (Social Sciences DataLab 22209)
publishDate 2019
dc.date.none.fl_str_mv 2019-09-01
2019-09-01T00:00:00Z
2022-03-31T00:31:39Z
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 https://doi.org/10.1016/j.enpol.2019.06.006
url https://doi.org/10.1016/j.enpol.2019.06.006
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0301-4215
PURE: 13913647
http://www.scopus.com/inward/record.url?scp=85067398915&partnerID=8YFLogxK
https://doi.org/10.1016/j.enpol.2019.06.006
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 12
application/pdf
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
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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