Virtual Bidding, Wind Generation and California's Day-Ahead Electricity Forward Premium
Virtual Bidding, Wind Generation and California's Day-Ahead Electricity Forward Premium
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虚拟招标、风力发电和加州日前电力远期溢价
DOI:
10.1016/j.tej.2014.12.006
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发表时间:
2015
期刊:
影响因子:
--
通讯作者:
H. Leung
中科院分区:
文献类型:
--
作者:
C. Woo;J. Zarnikau;Eric Cutter;S. Ho;H. Leung
Deregulated electricity markets in the U.S. and elsewhere exhibit volatile spot market prices, chiefly because of the non-storable nature of electricity and the need to balance system demand and supply in real time. A study of California's electricity markets finds virtual bidding (VB) has reduced the volatility of the state's day-ahead hourly forward premiums, and that rising wind generation has altered the premium level and volatility. These findings suggest VB has improved market-price convergence in California's day-ahead and real-time markets, notwithstanding wind generation's effect on California's electricity market prices.