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How market power affects the behaviour of a pumped storage hydro unit in the day-ahead electricity market?

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dc.contributor.authorTeixeira, Fábio
dc.contributor.authorSousa, Jorge A. M.
dc.contributor.authorFaias, Sérgio Miguel Redondo
dc.date.accessioned2015-09-11T08:46:49Z
dc.date.available2015-09-11T08:46:49Z
dc.date.issued2012
dc.description.abstractThe integration of large amounts of wind energy in power systems raises important operation issues such as the balance between power demand and generation. The pumped storage hydro (PSH) units are seen as one solution for this issue, avoiding the need for wind power curtailments. However, the behavior of a PSH unit might differ considerably when it operates in a liberalized market with some degree of market power. In this regard, a new approach for the optimal daily scheduling of a PSH unit in the day-ahead electricity market was developed and presented in this paper, in which the market power is modeled by a residual inverse demand function with a variable elasticity. The results obtained show that increasing degrees of market power of the PSH unit correspond to decreasing levels of storage and, therefore, the capacity to integrate wind power is considerably reduced under these circumstances.por
dc.identifier.citationTEIXEIRA, F.; SOUSA, J.; FAIAS, S. – How market power affects the behaviour of a pumped storage hydro unit in the day-ahead electricity market? In 9th International Conference on the European Energy Market, Book Series: International Conference on the European Energy Market. IEEE, 2012por
dc.identifier.doi10.1109/EEM.2012.6254793
dc.identifier.isbn978-1-4673-0834-2
dc.identifier.isbn978-1-4673-0832-8
dc.identifier.issn2165-4077
dc.identifier.urihttp://hdl.handle.net/10400.21/5169
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherIEEEpor
dc.relation.ispartofseriesInternational Conference on the European Energy Market
dc.subjectDay-Ahead Electricity Marketpor
dc.subjectMarket Powerpor
dc.subjectPrice-Makerpor
dc.subjectPumped Storage Hydro Unitpor
dc.subjectWind Integrationpor
dc.subjectGeneration
dc.subjectStrategies
dc.titleHow market power affects the behaviour of a pumped storage hydro unit in the day-ahead electricity market?por
dc.typeconference object
dspace.entity.typePublication
oaire.citation.title9th International Conference on the European Energy Market, Book Series: International Conference on the European Energy Marketpor
person.familyNameSousa
person.givenNameJorge A. M.
person.identifier2750231
person.identifier.ciencia-idF816-08E3-B045
person.identifier.orcid0000-0002-1110-6586
person.identifier.ridM-1020-2015
person.identifier.scopus-author-id55940825700
rcaap.rightsclosedAccesspor
rcaap.typeconferenceObjectpor
relation.isAuthorOfPublication69325e43-1f4e-4c1c-8c69-159ac3f93066
relation.isAuthorOfPublication.latestForDiscovery69325e43-1f4e-4c1c-8c69-159ac3f93066

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