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Market design and competition in short term electricity markets - lessons learned from a stochastic multistage energy system model

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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Official URL: http://meetings2.informs.org/wordpress/phoenix2018/files/2018/11/Practice_Phoenix.pdf?utm_campaign=2018%20Annual%20Meeting&utm_source=Dropbox&utm_content=Download%20practice%20curated%20abstracts

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/
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:
AuthorsInstitution or Email of AuthorsAuthors ORCID iD
Borggrefe, FriederFrieder.Borggrefe (at) dlr.dehttps://orcid.org/0000-0001-5733-128X
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
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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