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An agent-based model is applied to model the German electricity wholesale market with its four major German utility companies. The model is utilized to assess base and peak power spot prices for scenarios implying doubling or tripling wind generation capacity in Germany. Furthermore, the effect of 8 million Plug-In Hybrid Electric Vehicles (PHEVs), incorporating different charging/discharging patterns,...
This paper describes a reduced model of the Alberta electric system developed to provide a platform for studying how variations in the market structure may impact system operation, electricity prices and long-term reliability of supply. As well, the model described in this paper provides a suitable platform for studying the potential impacts of large scale integration of wind generation on transmission...
The volatility of wind power can cause large problems for power systems operation. To remedy the disadvantages of wind power generation different storage technologies can be applied. In this paper technical and economical analysis of possible wind energy storages has been made. According to technical parameters the applicable technologies have been selected. Afterwards, for selected storages economical...
A large share of integrated wind power causes technical and financial impacts on the operation of the existing electricity system due to the fluctuating behaviour and unpredictability of wind power. The presented stochastic electricity market model optimises the unit commitment considering four kinds of electricity markets (e.g. a spot and balancing market) and taking into account the stochastic behaviour...
To improve the operation benefit and power output characteristics of a wind farm, and fully use the wind energy resources, the way using wind-hydro hybrid system can be adopted where there are some water resources to enhance the power quality and operation benefit of wind park. Considering the difference of peak and valley electricity prices in the electricity market, this paper rationally use the...
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