Hydro-Wind Balance in Daily Electricity Markets: A Case-Study

2019
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Authors: Hugo Algarvio; Fernando Lopes; João Santana
Published in: Highlights of Practical Applications of Survivable Agents and Multi-Agent Systems. The PAAMS Collection
Publisher: Springer International Publishing

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Abstract

The European Union has been one of the major drivers of the development of renewable energy. In Portugal, renewable generation is subject to specific licensing requirements and benefits from a feed-in-tariff. This paper pays special attention to wind and hydroelectric technologies. Typically, wind farms produce more energy during the night (off-peak periods), when the demand is lower, contributing to a reduction of the market price. Hydroelectric power plants use off-peak periods to pump water, and produce energy in the periods of a 24 hour day where the prices of electricity are higher (peak periods). This paper presents a case study aiming at analyzing the behavior of hydroelectric power producers—that is, in power systems with large renewable generation, producers typically use the periods of the day with lower energy prices for pumping, and the other periods (with higher energy prices) to produce electricity. The simulations are performed using MATREM (for Multi-Agent Trading in Electricity Markets). The results confirm (and rebate) the typical behavior of hydroelectric power producers.

Notes

H. Algarvio and J. Santana—This work was supported by “Fundação para a Ciência e Tecnologia” with references UID/CEC/50021/2019 and PD/BD/105863/2014.

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Metadata
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Title: Hydro-Wind Balance in Daily Electricity Markets: A Case-Study
Authors: Hugo Algarvio
Fernando Lopes
João Santana
Publisher: Springer International Publishing
Book: Highlights of Practical Applications of Survivable Agents and Multi-Agent Systems. The PAAMS Collection
Print ISBN: 978-3-030-24298-5

Electronic ISBN: 978-3-030-24299-2

Copyright Year: 2019
DOI: https://doi.org/10.1007/978-3-030-24299-2_16

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