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Solar commercial virtual power plant day ahead trading

Brecht Zwaenepoel UGent, Tine Vandoorn, Joannes Laveyne UGent, Greet Van Eetvelde UGent and Lieven Vandevelde UGent (2014) IEEE Power and Energy Society General Meeting PESGM.
abstract
During the past years, a large amount of photovoltaic (PV) capacity has been installed in Belgium. The main driver for this was the abundant government support (Green Power Certificates). However, during the last few years, the support for new installations has been withdrawn and new PV capacity ceased. In previous research, it has been proven that selling PV energy of existing plants directly on the wholesale market is not feasible due to the large share of green power certificates awarded to these plants. However, the price of green power certificates has dropped significantly and hence the balance between certificate and commodity revenue is restored. This paper investigates the risks and challenges of leaving the fixed rate system and trade directly on the more volatile day ahead markets while facing penalties resulting from wrong forecasts. It will be proven that nominating to much or not enough energy can be positive, but also yield large risks.
Please use this url to cite or link to this publication:
author
organization
year
type
conference (proceedingsPaper)
publication status
published
subject
keyword
Grid, Virtual Power Plant, integration, Renewable energy
in
IEEE Power and Energy Society General Meeting PESGM
issue title
2014 IEEE PES GENERAL MEETING - CONFERENCE & EXPOSITION
pages
5 pages
publisher
IEEE
conference name
IEEE Power & Energy Society General Meeting
conference location
Washington, USA
conference start
2014-07-27
conference end
2014-07-31
Web of Science type
Proceedings Paper
Web of Science id
000349551505008
ISSN
1944-9925
ISBN
9781479964154
DOI
10.1109/PESGM.2014.6939821
language
English
UGent publication?
yes
classification
P1
copyright statement
I have transferred the copyright for this publication to the publisher
id
4325795
handle
http://hdl.handle.net/1854/LU-4325795
date created
2014-03-07 11:11:26
date last changed
2016-12-19 15:37:44
@inproceedings{4325795,
  abstract     = {During the past years, a large amount of photovoltaic (PV) capacity has been installed in Belgium. The main driver for this was the abundant government support (Green Power Certi\unmatched{fb01}cates). However, during the last few years, the support for new installations has been withdrawn and new PV capacity ceased. In previous research, it has been proven that selling PV energy of existing plants directly on the wholesale market is not feasible due to the large share of green power certi\unmatched{fb01}cates awarded to these plants. However, the price of green power certi\unmatched{fb01}cates has dropped signi\unmatched{fb01}cantly and hence the balance between certi\unmatched{fb01}cate and commodity revenue is restored. This paper investigates the risks and challenges of leaving the \unmatched{fb01}xed rate system and trade directly on the more volatile day ahead markets while facing penalties resulting from wrong forecasts. It will be proven that nominating to much or not enough energy can be positive, but also yield large risks.},
  author       = {Zwaenepoel, Brecht and Vandoorn, Tine and Laveyne, Joannes and Van Eetvelde, Greet and Vandevelde, Lieven},
  booktitle    = {IEEE Power and Energy Society General Meeting PESGM},
  isbn         = {9781479964154},
  issn         = {1944-9925},
  keyword      = {Grid,Virtual Power Plant,integration,Renewable energy},
  language     = {eng},
  location     = {Washington, USA},
  pages        = {5},
  publisher    = {IEEE},
  title        = {Solar commercial virtual power plant day ahead trading},
  url          = {http://dx.doi.org/10.1109/PESGM.2014.6939821},
  year         = {2014},
}

Chicago
Zwaenepoel, Brecht, Tine Vandoorn, Joannes Laveyne, Greet Van Eetvelde, and Lieven Vandevelde. 2014. “Solar Commercial Virtual Power Plant Day Ahead Trading.” In IEEE Power and Energy Society General Meeting PESGM. IEEE.
APA
Zwaenepoel, B., Vandoorn, T., Laveyne, J., Van Eetvelde, G., & Vandevelde, L. (2014). Solar commercial virtual power plant day ahead trading. IEEE Power and Energy Society General Meeting PESGM. Presented at the IEEE Power & Energy Society General Meeting, IEEE.
Vancouver
1.
Zwaenepoel B, Vandoorn T, Laveyne J, Van Eetvelde G, Vandevelde L. Solar commercial virtual power plant day ahead trading. IEEE Power and Energy Society General Meeting PESGM. IEEE; 2014.
MLA
Zwaenepoel, Brecht, Tine Vandoorn, Joannes Laveyne, et al. “Solar Commercial Virtual Power Plant Day Ahead Trading.” IEEE Power and Energy Society General Meeting PESGM. IEEE, 2014. Print.