Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case

The design of market mechanisms that remunerates the reliability provided by a generator in a power market is a task that aims to ensure the normal operation of the system. For the case of a Hydro-Dominated system, when wind power is introduced and operated under the Merit-Order-Effect, it is possib...

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Autores:
Tipo de recurso:
Fecha de publicación:
2016
Institución:
Universidad de Medellín
Repositorio:
Repositorio UDEM
Idioma:
eng
OAI Identifier:
oai:repository.udem.edu.co:11407/2336
Acceso en línea:
http://hdl.handle.net/11407/2336
Palabra clave:
Firm energy
Hydro power reliability
Wind power
Rights
restrictedAccess
License
http://purl.org/coar/access_right/c_16ec
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oai_identifier_str oai:repository.udem.edu.co:11407/2336
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repository_id_str
spelling 2016-06-23T21:52:12Z2016-06-23T21:52:12Z201613640321http://hdl.handle.net/11407/233610.1016/j.rser.2015.12.159The design of market mechanisms that remunerates the reliability provided by a generator in a power market is a task that aims to ensure the normal operation of the system. For the case of a Hydro-Dominated system, when wind power is introduced and operated under the Merit-Order-Effect, it is possible to assess the effect of the displacement of hydro generation due to wind generation over the system's reliability in terms of firm energy; taking this into account a model that valuates the firm energy provided by wind power in a hydro-dominated system is proposed. This model considers the effect of wind power over the system's reservoirs and the market price of electricity; and valuates the firm energy as the net savings of the system related to the increase in the firm energy of the system when wind power is introduced. The results show that wind power under Merit-Order-Effect increases the firm energy of the system, and decreases the market price of electricity, being the net savings in comparison to the corresponding hydro-only system the reliability income that should be perceived by the wind power generator. © 2016 Elsevier Ltd. All rights reserved.engElsevier Ltdhttp://www.scopus.com/inward/record.url?eid=2-s2.0-84953790763&partnerID=40&md5=ab1a6e8f10f37ec0f7d9fc688654787bRenewable and Sustainable Energy Reviews Volume 57, May 2016, Pages 1359-1372ScopusWind power reliability valuation in a Hydro-Dominated power market: The Colombian caseReviewinfo:eu-repo/semantics/reviewhttp://purl.org/coar/resource_type/c_efa0info:eu-repo/semantics/restrictedAccesshttp://purl.org/coar/access_right/c_16ecUniversidad de Medellín, Carrera 87 No. 30-65, Medellín, ColombiaFacultad de Minas, Universidad Nacional de Colombia, ColombiaCuervo F.I.Botero S.B.Firm energyHydro power reliabilityWind power11407/2336oai:repository.udem.edu.co:11407/23362020-05-27 15:56:35.239Repositorio Institucional Universidad de Medellinrepositorio@udem.edu.co
dc.title.spa.fl_str_mv Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case
title Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case
spellingShingle Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case
Firm energy
Hydro power reliability
Wind power
title_short Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case
title_full Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case
title_fullStr Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case
title_full_unstemmed Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case
title_sort Wind power reliability valuation in a Hydro-Dominated power market: The Colombian case
dc.contributor.affiliation.spa.fl_str_mv Universidad de Medellín, Carrera 87 No. 30-65, Medellín, Colombia
Facultad de Minas, Universidad Nacional de Colombia, Colombia
dc.subject.keyword.eng.fl_str_mv Firm energy
Hydro power reliability
Wind power
topic Firm energy
Hydro power reliability
Wind power
description The design of market mechanisms that remunerates the reliability provided by a generator in a power market is a task that aims to ensure the normal operation of the system. For the case of a Hydro-Dominated system, when wind power is introduced and operated under the Merit-Order-Effect, it is possible to assess the effect of the displacement of hydro generation due to wind generation over the system's reliability in terms of firm energy; taking this into account a model that valuates the firm energy provided by wind power in a hydro-dominated system is proposed. This model considers the effect of wind power over the system's reservoirs and the market price of electricity; and valuates the firm energy as the net savings of the system related to the increase in the firm energy of the system when wind power is introduced. The results show that wind power under Merit-Order-Effect increases the firm energy of the system, and decreases the market price of electricity, being the net savings in comparison to the corresponding hydro-only system the reliability income that should be perceived by the wind power generator. © 2016 Elsevier Ltd. All rights reserved.
publishDate 2016
dc.date.accessioned.none.fl_str_mv 2016-06-23T21:52:12Z
dc.date.available.none.fl_str_mv 2016-06-23T21:52:12Z
dc.date.created.none.fl_str_mv 2016
dc.type.eng.fl_str_mv Review
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_efa0
dc.type.driver.none.fl_str_mv info:eu-repo/semantics/review
dc.identifier.issn.none.fl_str_mv 13640321
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/11407/2336
dc.identifier.doi.none.fl_str_mv 10.1016/j.rser.2015.12.159
identifier_str_mv 13640321
10.1016/j.rser.2015.12.159
url http://hdl.handle.net/11407/2336
dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.isversionof.spa.fl_str_mv http://www.scopus.com/inward/record.url?eid=2-s2.0-84953790763&partnerID=40&md5=ab1a6e8f10f37ec0f7d9fc688654787b
dc.relation.ispartofen.eng.fl_str_mv Renewable and Sustainable Energy Reviews Volume 57, May 2016, Pages 1359-1372
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_16ec
dc.rights.accessrights.none.fl_str_mv info:eu-repo/semantics/restrictedAccess
eu_rights_str_mv restrictedAccess
rights_invalid_str_mv http://purl.org/coar/access_right/c_16ec
dc.publisher.spa.fl_str_mv Elsevier Ltd
dc.source.spa.fl_str_mv Scopus
institution Universidad de Medellín
repository.name.fl_str_mv Repositorio Institucional Universidad de Medellin
repository.mail.fl_str_mv repositorio@udem.edu.co
_version_ 1814159123984416768

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