Repository logo
 
Publication

Reduction of the Market Splitting Occurrences: A Dynamic Line Rating Approach for the 2030 Iberian Day-ahead Market Scenarios

2024-06Conference object Open access
Simple item page
dc.contributor.authorAlgarvio, Hugo
dc.contributor.authorCouto, António
dc.contributor.authorEstanqueiro, Ana
dc.contributor.authorCarvalho, Rui
dc.contributor.authorSantos, Gabriel
dc.contributor.authorFaia, Ricardo
dc.contributor.authorFaria, Pedro
dc.contributor.authorVale, Zita
dc.date.accessioned2024-09-13T10:39:24Z
dc.date.available2024-09-13T10:39:24Z
dc.date.issued2024-06
dc.description.abstractABSTRACT: Typically, Transmission System Operators apply power flow models with Seasonal Line Rating prescriptions to compute the ampacity of power lines, in a process that enables to obtain the cross-border capacity for trading between different countries or market zones. These seasonal-dependent models rely on fixed conservative meteorological conditions throughout the year, underestimating the real-time transmission capacity of overhead lines. This can contribute to market splitting occurrences, i.e., a situation where the cleared power flow between different market zones of the coupled market is superior to the cross-border capacity, separating markets, which brings economic losses to market participants. Dynamic Line Rating analysis allows computing the overhead lines’ capacity considering the weather conditions that influence the power line's thermal dynamics. This work presents a study that applies the CIGRÉ 601 model in cross-border power lines between Portugal and Spain to quantify the reduction in market splitting occurrences in the day-ahead Iberian market considering based on the installed capacities from the 2030 national energy and climate plans. Comparing with the seasonal approach, dynamic line rating enabled to reduce the number of market splitting occurrences from 1512 to 514, reducing the electricity costs by more than 1% and the price difference from 19 to 12 €/MWh.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationAlgarvio, H., Couto, A., Estanqueiro, A., Carvalho, R., Santos, G., Faia, R., Faria, P. & Vale, Z. (2024) Reduction of the Market Splitting Occurrences: A Dynamic Line Rating Approach for the 2030 Iberian Day-ahead Market Scenarios. In: 20th International Conference on the European Energy Market (EEM), Istanbul, Turkiye, 10-12 June, 2024. https://doi.org/10.1109/EEM60825.2024.10608899pt_PT
dc.identifier.doi10.1109/EEM60825.2024.10608899pt_PT
dc.identifier.isbn979-8-3503-8174-0
dc.identifier.urihttp://hdl.handle.net/10400.9/4349
dc.language.isoengpt_PT
dc.publisherIEEEpt_PT
dc.relationTools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
dc.relation.publisherversionhttps://doi.org/10.1109/EEM60825.2024.10608899pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectComputational modelingpt_PT
dc.subjectElectricitypt_PT
dc.subjectDynamic modelspt_PT
dc.subjectEuropept_PT
dc.titleReduction of the Market Splitting Occurrences: A Dynamic Line Rating Approach for the 2030 Iberian Day-ahead Market Scenariospt_PT
dc.typeconference object
dspace.entity.typePublication
oaire.awardTitleTools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems
oaire.awardURIinfo:eu-repo/grantAgreement/EC/H2020/864276/EU
oaire.citation.conferencePlaceIstanbul, Turkiyept_PT
oaire.citation.title20th International Conference on the European Energy Market (EEM)pt_PT
oaire.fundingStreamH2020
person.familyNameCouto
person.familyNameEstanqueiro
person.givenNameAntónio
person.givenNameAna
person.identifier.ciencia-idB01D-304F-6CD3
person.identifier.ciencia-id2619-80A1-A8AC
person.identifier.ciencia-id7F11-A24D-EE81
person.identifier.orcid0000-0002-4129-838X
person.identifier.orcid0000-0002-7368-8817
person.identifier.orcid0000-0002-0476-2526
person.identifier.ridJ-9752-2012
person.identifier.scopus-author-id19336967700
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.nameEuropean Commission
rcaap.rightsopenAccesspt_PT
rcaap.typeconferenceObjectpt_PT
relation.isAuthorOfPublication63bffd90-c233-4ffe-b222-d5b12e31ae33
relation.isAuthorOfPublicationa0c5b011-98c5-49d3-9ac6-ddfb6027f500
relation.isAuthorOfPublication20aa31b3-fa3c-42b7-82a4-e6b91c017f9c
relation.isAuthorOfPublication.latestForDiscovery63bffd90-c233-4ffe-b222-d5b12e31ae33
relation.isProjectOfPublication7d7e6f9b-bf23-4adc-8f93-2061ef327e26
relation.isProjectOfPublication.latestForDiscovery7d7e6f9b-bf23-4adc-8f93-2061ef327e26

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Reduction_of_the_Market_Splitting_Occurrences_A_Dynamic_Line_Rating_Approach_for_the_2030_Iberian_Day-ahead_Market_Scenarios.pdf
Size:
298.54 KB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

ISE - Comunicações em actas de encontros científicos internacionais