TY - CHAP
T1 - Grid-connected photovoltaic power plants
T2 - The effect on the electricity market equilibrium
AU - Petoussis, A.G.
AU - Zhang, Xiao-Ping
AU - Petoussis, S.G.
AU - Godfrey, K.R.
AU - Georghiou, G.E.
PY - 2008/1/1
Y1 - 2008/1/1
N2 - Grid-connected photovoltaic (PV) power plants and distributed PV system installations are becoming a reality. The uptake of such technology is expected to accelerate during the next decade especially in regions such as Southern Europe due to the presence of high solar irradiance and the continuous pressure for the implementation of numerous renewable energy generation technologies. In the light of the above, the effect of such systems on the electricity market equilibrium needs to be investigated. In this paper, a primal-dual nonlinear interior point algorithm, formulated using an AC network model, for determining the linear Supply Function Equilibrium (SFE) of bid-based pool electricity markets is used, in order to provide insights of the impact of the solar PV power generation on the electricity market equilibrium. Numerical results demonstrate that there is a significant effect on the market outcome due to the installation of large solar generation plants on the grid. The presence of solar power generation affects the bidding strategies of the generating Arms with direct impact on the nodal prices and profits.
AB - Grid-connected photovoltaic (PV) power plants and distributed PV system installations are becoming a reality. The uptake of such technology is expected to accelerate during the next decade especially in regions such as Southern Europe due to the presence of high solar irradiance and the continuous pressure for the implementation of numerous renewable energy generation technologies. In the light of the above, the effect of such systems on the electricity market equilibrium needs to be investigated. In this paper, a primal-dual nonlinear interior point algorithm, formulated using an AC network model, for determining the linear Supply Function Equilibrium (SFE) of bid-based pool electricity markets is used, in order to provide insights of the impact of the solar PV power generation on the electricity market equilibrium. Numerical results demonstrate that there is a significant effect on the market outcome due to the installation of large solar generation plants on the grid. The presence of solar power generation affects the bidding strategies of the generating Arms with direct impact on the nodal prices and profits.
UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-49649115002&partnerID=8YFLogxK
U2 - 10.1109/DRPT.2008.4523450
DO - 10.1109/DRPT.2008.4523450
M3 - Chapter
AN - SCOPUS:49649115002
SN - 9787900714138
SP - 457
EP - 462
BT - 3rd International Conference on Deregulation and Restructuring and Power Technologies, DRPT 2008
ER -
