Borggrefe, Frieder (2018) Market design and competition in short term electricity markets - lessons learned from a stochastic multistage energy system model. INFORMS 2018, 4.-7. Nov. 2018, Phoenix, USA.
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Abstract
This paper provides results from an integrated model for short-term electricity markets, including day-ahead, intraday and balancing markets. Coping with volatile renewable feed-in is a key challenge to the future European electricity system. The paper shows first results from a stochastic linear commitment and dispatch model. Aim of the model is to analyze how trading in the short-term markets will change with increasing shares of renewable energies. The model results are part of the BEAM-ME project: This project develops speed-up methods and applies models to high performance computing (HPC). The paper discusses the next steps to expand the model and challenges when applying the model to HPC.
Item URL in elib: | https://elib.dlr.de/133313/ | ||||||
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Document Type: | Conference or Workshop Item (Speech) | ||||||
Title: | Market design and competition in short term electricity markets - lessons learned from a stochastic multistage energy system model | ||||||
Authors: |
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Date: | 7 November 2018 | ||||||
Refereed publication: | Yes | ||||||
Open Access: | No | ||||||
Gold Open Access: | No | ||||||
In SCOPUS: | No | ||||||
In ISI Web of Science: | No | ||||||
Status: | Published | ||||||
Keywords: | energy system modelling, intraday, stochastic model, high performance computing | ||||||
Event Title: | INFORMS 2018 | ||||||
Event Location: | Phoenix, USA | ||||||
Event Type: | international Conference | ||||||
Event Dates: | 4.-7. Nov. 2018 | ||||||
Organizer: | INFORMS - The Institute for Operations Research and the Management | ||||||
HGF - Research field: | Energy | ||||||
HGF - Program: | Technology, Innovation and Society | ||||||
HGF - Program Themes: | Renewable Energy and Material Resources for Sustainable Futures - Integrating at Different Scales | ||||||
DLR - Research area: | Energy | ||||||
DLR - Program: | E SY - Energy Systems Analysis | ||||||
DLR - Research theme (Project): | E - Systems Analysis and Technology Assessment (old) | ||||||
Location: | Stuttgart | ||||||
Institutes and Institutions: | Institute of Engineering Thermodynamics > Energy Systems Analysis | ||||||
Deposited By: | Borggrefe, Frieder | ||||||
Deposited On: | 09 Jan 2020 15:53 | ||||||
Last Modified: | 09 Jan 2020 15:53 |
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