Abstract
This paper proposes a stochastic time-series based method to simulate the volatility of intermittent renewable generation and distributed storage devices along timeline. The proposed method can calculate the optimal timeline for different electricity markets and power systems. In practice, the proposed method is potentially useful for designing market rules and evaluating different design options. Following works is underway on application and simulation of proposed method using the realistic distribution system of Bornholm Island in Denmark.
Original language | English |
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Title of host publication | IEEE PES General Meeting, PES 2010 |
DOIs | |
Publication status | Published - 6 Dec 2010 |
Externally published | Yes |
Event | IEEE PES General Meeting, PES 2010 - Minneapolis, MN, United States Duration: 25 Jul 2010 → 29 Jul 2010 |
Conference
Conference | IEEE PES General Meeting, PES 2010 |
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Country/Territory | United States |
City | Minneapolis, MN |
Period | 25/07/10 → 29/07/10 |
Keywords
- Distributed storage
- Electric vehicle
- Electricity market
- Market design
- Monte-Carlo simulation
- Power system
- Regulating power
- Renewable energy
- Time-series analysis
- Vehicle to grid
ASJC Scopus subject areas
- Energy Engineering and Power Technology