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Improving wind power market value with various aspects of diversification

2023Conference object Open access
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dc.contributor.authorVrana, Til Kristian
dc.contributor.authorSvendsen, Harald G.
dc.contributor.authorKorpås, Magnus
dc.contributor.authorCouto, António
dc.contributor.authorEstanqueiro, Ana
dc.contributor.authorFlynn, Damian
dc.contributor.authorHolttinen, Hannele
dc.contributor.authorHärtel, Philipp
dc.contributor.authorKoivisto, Matti
dc.contributor.authorLantz, Eric
dc.contributor.authorFrew, Bethany
dc.date.accessioned2023-10-18T09:47:20Z
dc.date.available2023-10-18T09:47:20Z
dc.date.issued2023
dc.description.abstractABSTRACT: The wind generation share in many European bidding zones is now large enough to affect the market value of wind power, and wind energy is getting less-than-average market price in day-ahead markets. As alternatives to investing in dedicated energy storage, there are two main ways to mitigate the decreasing market value trend. The first is employing different diversification measures (geographical spread, alternative wind turbine technologies, integration with solar). The second is implementing demand flexibility measures. Examples of these measures from some European and USA studies are given in this article, which stems from the international collaboration under IEA Wind TCP Tasks 25 and 53.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationVrana, T. K. et.al - Improving wind power market value with various aspects of diversification. In: Proceedings of 19th International Conference on the European Energy Market (EEM), Lappeenranta, Finland, 6 Jun- 8 Jun, 2023, pp. 1-6pt_PT
dc.identifier.doi10.1109/EEM58374.2023.10161990pt_PT
dc.identifier.isbn979-8-3503-1258-4
dc.identifier.urihttp://hdl.handle.net/10400.9/4165
dc.language.isoengpt_PT
dc.peerreviewedyespt_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/EEM58374.2023.10161990pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectVariable renewable energy sourcespt_PT
dc.subjectPower system economicspt_PT
dc.subjectPower system planningpt_PT
dc.subjectWind energypt_PT
dc.subjectWind integrationpt_PT
dc.subjectEnergy storagept_PT
dc.titleImproving wind power market value with various aspects of diversificationpt_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.conferencePlaceLappeenranta, Finlandpt_PT
oaire.citation.title19th International Conference on the European Energy Marketpt_PT
oaire.fundingStreamH2020
person.familyNameKorpås
person.familyNameCouto
person.familyNameEstanqueiro
person.familyNameFlynn
person.familyNameHolttinen
person.givenNameMagnus
person.givenNameAntónio
person.givenNameAna
person.givenNameDamian
person.givenNameHannele
person.identifier.ciencia-id2619-80A1-A8AC
person.identifier.ciencia-id7F11-A24D-EE81
person.identifier.orcid0000-0001-5055-3912
person.identifier.orcid0000-0002-7368-8817
person.identifier.orcid0000-0002-0476-2526
person.identifier.orcid0000-0003-4638-9333
person.identifier.orcid0000-0003-1383-0735
person.identifier.ridJ-9752-2012
person.identifier.ridL-1772-2018
person.identifier.scopus-author-id19336967700
person.identifier.scopus-author-id55512432000
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.nameEuropean Commission
rcaap.rightsopenAccesspt_PT
rcaap.typeconferenceObjectpt_PT
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