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:
The Electricity Journal
影响因子:
--
通讯作者:
H. Leung
H. Leung
中科院分区:
--
文献类型:
--
作者:
C. Woo;J. Zarnikau;Eric Cutter;S. Ho;H. Leung

文献摘要

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在美国和其他地方,放松管制的电力市场表现出波动的现货市场价格,主要是因为电力的不可储存性质以及需要在真实的时间内平衡系统的需求和供应。一项对加州电力市场的研究发现,虚拟竞价(VB)降低了该州前一天每小时远期溢价的波动性,而风力发电量的增加改变了溢价水平和波动性。这些研究结果表明,尽管风力发电对加州的电力市场价格的影响,VB改善了市场价格收敛在加州的提前和实时市场。
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.