Title :
Wind power trading options in Indian electricity market: Inclusion of availability based tariff and day ahead trading
Author :
Agrawal, D.K. ; Patidar, N.P. ; Nema, R.K.
Author_Institution :
Dept. of Electr. Eng., M.A.N.I.T., Bhopal, India
Abstract :
In this paper, the need of suitable mechanism for wind power trading is discussed and the tariff rate decided by state electricity commissions is compared with the rates a wind generator can avail if it opts for unscheduled interchange rates/ day ahead tariff. A Wind generator must buy or sell energy production deviations as per prediction errors when they bid in day-ahead energy markets. A suitable mechanism can mitigate market power and wind generation can be promoted to feed more green power in the grid.
Keywords :
power grids; power markets; power system economics; power system management; tariffs; wind power; wind power plants; Indian electricity market; availability based tariff; day ahead trading; green power; state electricity commissions; tariff rate; wind generation; wind generator; wind power trading options; Availability; Costs; Electricity supply industry; Frequency; Mesh generation; Power generation; Wind energy; Wind energy generation; Wind farms; Wind power generation; Availability based tariff; Day Ahead Trading; Real-time balancing; Unscheduled Interchange;
Conference_Titel :
Power Systems, 2009. ICPS '09. International Conference on
Conference_Location :
Kharagpur
Print_ISBN :
978-1-4244-4330-7
Electronic_ISBN :
978-1-4244-4331-4
DOI :
10.1109/ICPWS.2009.5442733
