Conference paper
Redesign Electricity Market for the Next Generation Power System of Renewable Energy and Distributed Storage Technologies
This paper proposes a stochastic time-series based method to simulate the volatility of intermittent renewable generation and distributed storage devices along timeline. The proposed method can calculate the optimal timeline for different electricity markets and power systems. In practice, the proposed method is potentially useful for designing market rules and evaluating different design options.
Following works is underway on application and simulation of proposed method using the realistic distribution system of Bornholm Island in Denmark.
| Language: | English |
|---|---|
| Publisher: | IEEE |
| Year: | 2010 |
| Pages: | 1-8 |
| Proceedings: | 2010 IEEE Power and Energy Society General Meeting |
| ISBN: | 1424465494 , 1424483573 , 9781424465491 , 9781424483570 , 1424465508 , 1424465516 , 9781424465507 and 9781424465514 |
| ISSN: | 19449933 and 19449925 |
| Types: | Conference paper |
| DOI: | 10.1109/PES.2010.5588136 |
| ORCIDs: | Østergaard, Jacob |
Monte-Carlo simulation SDG 7 - Affordable and Clean Energy distributed storage electric vehicle electricity market market design power system regulating power renewable energy time-series analysis vehicle to grid
Clocks Forecasting Generators Power markets Power systems Turbines Wind forecasting distributed power generation distributed storage devices electricity markets energy storage power markets power system generation realistic distribution system renewable energy sources stochastic processes stochastic time series time series
