The Impact of Wind Generation on the Spot Market Electricity Pricing

2018 IEEE International Conference on Environment and Electrical Engineering and 2018 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe) 2018
Tatjana Makaļska, Renāta Varfolomejeva, Romāns Oļekšijs

An overview of the impact of renewable energy generation on power system balancing and pricing is provided. The influence of wind generation on the electricity market pricing is perceptible. The pricing at the electricity market depends on renewable energy generation in each region as well as on transmission capacity limitations. The impact that is important for electricity market analysis is exerted by the correlation between wind generation and electricity prices. The mathematical statement of the task includes the calculation of the mean absolute percentage error (MAPE) of the forecast according to the predicted and actual electricity market prices

Keywords
electricity price, market, wind generation
DOI
10.1109/EEEIC.2018.8494539
Hyperlink
https://ieeexplore.ieee.org/document/8494539

Makaļska, T., Varfolomejeva, R., Oļekšijs, R. The Impact of Wind Generation on the Spot Market Electricity Pricing. In: 2018 IEEE International Conference on Environment and Electrical Engineering and 2018 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe), Italy, Polermo, 12-15 June, 2018. Piscataway, NJ: IEEE, 2018, pp.1-6. ISBN 978-1-5386-5187-2. e-ISBN 978-1-5386-5186-5. Available from: doi:10.1109/EEEIC.2018.8494539

Publication language
English (en)