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
|
| _version_ | 1826312178878119936 |
|---|---|
| author | Pereira Simoes Matos, G |
| author_facet | Pereira Simoes Matos, G |
| author_sort | Pereira Simoes Matos, G |
| collection | OXFORD |
| description | 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 introduce wind power generation, we model the wind speed at each location by a similar process and extract the total power generated by wind farms from it. We then consider the implications this power has on the bid-stack curve, and we try to anticipate how the market might evolve and adapt. |
| first_indexed | 2024-03-07T08:25:10Z |
| format | Thesis |
| id | oxford-uuid:b8c063fb-153d-4516-8bb1-641cecf91e14 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T08:25:10Z |
| publishDate | 2013 |
| publisher | Oxford University;Mathematical Institute |
| record_format | dspace |
| spelling | oxford-uuid:b8c063fb-153d-4516-8bb1-641cecf91e142024-02-12T11:37:17ZModelling Alternative Energy in the Electricity MarketThesishttp://purl.org/coar/resource_type/c_db06uuid:b8c063fb-153d-4516-8bb1-641cecf91e14Mathematical Institute - ePrintsOxford University;Mathematical Institute2013Pereira Simoes Matos, GIn 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 introduce wind power generation, we model the wind speed at each location by a similar process and extract the total power generated by wind farms from it. We then consider the implications this power has on the bid-stack curve, and we try to anticipate how the market might evolve and adapt. |
| spellingShingle | Pereira Simoes Matos, G Modelling Alternative Energy in the Electricity Market |
| title | Modelling Alternative Energy in the Electricity Market |
| title_full | Modelling Alternative Energy in the Electricity Market |
| title_fullStr | Modelling Alternative Energy in the Electricity Market |
| title_full_unstemmed | Modelling Alternative Energy in the Electricity Market |
| title_short | Modelling Alternative Energy in the Electricity Market |
| title_sort | modelling alternative energy in the electricity market |
| work_keys_str_mv | AT pereirasimoesmatosg modellingalternativeenergyintheelectricitymarket |