Balancing the Unbalanced Supply of Generation Sources – Additional Costs in a Competitive Energy Market
Journal Title: Acta Energetica - Year 2016, Vol 27, Issue 2
Abstract
Trade balancing of balancing mechanism units entails additional costs of electricity purchases for consumers’ own needs. Trading companies constantly look for effective tools to reduce the costs of their operations in the electricity market through supply or demand management. Balancing the unbalanced supply of generation sources refers not only to the area of balancing market settlements, but also to changes in the demand for electricity from the wholesale market in a longer time horizon. The imbalance of supply or demand is defined as a deviation resulting from a change in the power output of various generation sources in the local market, and a change in power consumption by customers compared to its earlier forecast. Two areas (periods) must be distinguished as parts of a balancing mechanism unit’s balancing, i.e. balancing of changing long-term prediction of demand for electricity with generation sources output, and balancing of short-term (daily) prediction and the actual output of generation sources. In the balancing process a variety of generation and load units available on the local market is utilised. The paper discusses the costs of balancing arising for trading companies, and presents a conceptual possibility of a balancing mechanism unit’s balancing taking into account renewable energy sources selected from the local market.
Authors and Affiliations
Tomasz Rubanowicz, Zbigniew Prondziński
Keywords
Related Articles
- EP ID EP199650
- DOI 10.12736/issn.2300-3022.2016216
- Views 42
- Downloads 0
Application of Voltage-regulating and Phaseshifting Transformers to Control Power Flows in the Power System
Transmission system performance results from, among other factors, the use of devices for electricity transmission and transformation. Proper operation and control of these devices allows maintaining proper electricity p...
Efficiency of Electricity Utilisation in Households in the Context of European Energy Policy
Efficient use of electricity in every sector of a national economy is becoming increasingly significant. Energy efficiency concerns climate and energy policy, but it is also a significant factor influencing manufacturing...
Calculations of Short-Circuit Current Flows in Earth Wires of HV Lines
This paper presents a method which enables calculating flows of short-circuit currents in earth wires of high voltage transmission lines, and its implementation in the form of a computer programme. The algorithm enables...
Reduction of Air Pollutant Emissions from Medium-sized Combustion Plants
The paper highlights the need to adjust medium-sized combustion plants to the requirements of EU Directive 2015/2193 on the limitation of emissions. The results so far are presentations of reducing emissions of sulphur d...
The Impact of Smart Grids on Sustainable Development
The paper discusses the impact of smart grid on sustainable development. The first chapter is an introduction to the discussed topics. The second chapter describes man’s attitude toward the environment, and also provides...