Dynamics of Spot Market and Real-Time Balancing Market | Dynamics of Markets

Pedro Benedicto Martínez (u. a.)

ISBN 10: 3848443899 / ISBN 13: 9783848443895

Published by LAP LAMBERT Academic Publishing, 2012

About this Item

Dynamics of Spot Market and Real-Time Balancing Market | Dynamics of Markets | Pedro Benedicto Martínez (u. a.) | Taschenbuch | 124 S. | Englisch | 2012 | LAP LAMBERT Academic Publishing | EAN 9783848443895 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu.

Seller Inventory # 106511416

Bibliographic Details

• Title: Dynamics of Spot Market and Real-Time Balancing Market | Dynamics of Markets
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2012
• Language: English
• ISBN 10: 3848443899
• ISBN 13: 9783848443895
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 9D millimeters 220 millimeters width by 150 millimeters height by 9 millimeters depth
• Weight: 203 grams
• Seller catalogs:
  • Bücher

About this title

Synopsis

Around the world, there are a number of policies encouraging penetration of wind generation in the electricity industry. The proposed large increase in the penetration of wind generation has raised concerns about the continued security and reliability of the operation of the network. Together with the uncertainty associated to the generation of wind energy, the demand for balancing services is increasing. Under these windy scenarios, it might be more efficient to use preventive actions in the spot market rather than doing corrective actions in the market for balancing services. This book aims at showing the advantages of this new paradigm of the organization of the electricity market. With this purpose, an integrated model of the electricity market was built on the optimization GAMS software and run for different environments and configurations of the grid. Comparisons are made at the end of this document in order to point out the superiority of this new approach over the traditional corrective model.

About the Author

Pedro Benedicto Martínez was born in Albox, Spain, on January 11th, 1988. He graduated in industrial engineering from Universidad Pontificia Comillas-ICAI in Madrid, Spain in September 2011. In the year 2010-2011 he attended to courses and wrote his dissertation as an exchange student in the Royal Institute of Technology (KTH), Stockholm, Sweden.