کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7350780 | 1476692 | 2018 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Mitigating market risk for wind power providers via financial risk exchange
ترجمه فارسی عنوان
کاهش ریسک بازار برای تامین کنندگان انرژی باد از طریق مبادله ریسک مالی
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کلمات کلیدی
MCPRTPC78Q41DAPWPPLMPD81rTM - RTMWind power - انرژی باد، توان باد، قدرت بادindependent system operator - اپراتور سیستم مستقلISO - ایزوElectricity markets - بازار برقDay-ahead market - بازار روز پیش روReal-time market - بازار زمان واقعیBargaining game - بازی در حال تعویضRex - رکسDam - سدLocational marginal price - قیمت حاشیه ای محلMarket Clearing Price - قیمت پاکسازی بازارRisk hedging - هدر دادن خطر
موضوعات مرتبط
مهندسی و علوم پایه
مهندسی انرژی
انرژی (عمومی)
چکیده انگلیسی
When wind power producers (WPPs) participate in forward electricity markets, they become exposed to real-time (RT) market risks from uncertain generation outputs and highly volatile RT market prices. This joint volume-price risk causes a risk-averse WPP to sell less energy than the expected generation, which discourages the WPP from fully enjoying the benefits of participating in forward electricity markets. In order to mitigate volume-price risks from the RT market, this paper proposes a financial instrument referred to as a risk exchange (REX) that enables the WPPs to trade random net payments from uncertain prices and generation outputs, after the day-ahead market is cleared. A negotiation for the REX is modeled by a bargaining game based on a conflict of interest in determining the REX amounts. Both Nash and Rubinstein's bargaining game models are addressed to analyze the REX bargaining game. It is shown that there is a unique outcome of the game which can be achieved by using a pure strategy. Moreover, a central planner who aims to minimize the aggregated risks of the WPPs is explored. Numerical examples demonstrate that the REX is able to reduce RTM risks successfully and encourages the WPPs to sell more energy to the DAM. Since the REX is not limited by physical constraints in power systems, it can be traded by the WPPs exposed to different locational marginal prices (LMPs).
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 71, March 2018, Pages 344-358
Journal: Energy Economics - Volume 71, March 2018, Pages 344-358
نویسندگان
Hunyoung Shin, Ross Baldick,