Modelling Alternative Energy in the Electricity Market
In this thesis, we try to analyse the consequences to the electricity market when we try to introduce wind farms. We start by following [1], considering a large number of fuel-fired power plants bidding according to a Ornstein-Uhlenbeck process and building a bid-stack curve from these. To introduc...
| Main Author: | |
|---|---|
| Format: | Thesis |
| Published: |
Oxford University;Mathematical Institute
2013
|