Enabling Active/Passive Electricity Trading in Dual-Price Balancing Markets

• Published in: IEEE transactions on power systems Vol. 34; no. 3; pp. 1980 - 1990
• Main Authors: Mazzi, Nicolo, Trivella, Alessio, Morales, Juan M.
• Format: Journal Article
• Language: English
• Published: New York IEEE 01.05.2019; The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
• Subjects: Balancing; balancing market; Electricity; Electricity markets; Electricity pricing; Electricity supply industry; Generators; Innovations; Markets; offering strategy; Power generation; Prices; Production; Renewable energy sources; Schedules; Stochastic processes; stochastic programming; virtual power plant

In electricity markets with a dual-pricing scheme for balancing energy, controllable production units typically participate in the balancing market as "active" actors by offering regulating energy to the system, while renewable stochastic units are treated as "passive" participan...