engleski

Effect of Stochastic Variables on Balancing Mechanism

In the eve of power system decarbonization, the balancing mechanisms are becoming crucial to maintain continuous operation of the system. The stochastic nature of wind and solar units requests more balancing energy and it affects prices on both energy and balancing markets. This paper will try to address correlation between stochastic system variables and balancing energy volumes and prices. System variables observed are: consumption, wind and solar generation, net consumption and net consumption error.

power system balancing ; renewable energy sources ; balancing market ; ancillary services ; active reserves

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