46755 Vedvarende energi i el-markederne

2024/2025

Kursusinformation
Renewables in electricity markets
Engelsk
5
Kandidat
Generel retningskompetence (MSc), Wind Energy
Retningsspecifikt kursus (MSc), se flere
Retningsspecifikt kursus (MSc), Electrical Engineering
Retningsspecifikt kursus (MSc), Sustainable Energy
Retningsspecifikt kursus (MSc), Sustainable Energy Systems
Retningsspecifikt kursus (MSc), Sustainable Energy Technologies
Retningsspecifikt kursus (MSc), Wind Energy
Teknologisk specialisering (MSc), se flere
Teknologisk specialisering (MSc), Business Analytics
Teknologisk specialisering (MSc), Electrical Engineering
Teknologisk specialisering (MSc), Sustainable Energy
Teknologisk specialisering (MSc), Wind Energy
F2A (man 13-17)
Campus Lyngby
Forelæsninger, øvelser, computerøvelser, projektarbejde
13-uger
Ingen eksamen
Bedømmelse af opgave(r)/rapport(er)
Alle opgaver/rapporter skal afleveres. Den endelige bedømmelse er baseret på grupperapporterne. Hvis en eller flere af rapporterne ikke er afleveret kan kurset ikke bestås.
Alle hjælpemidler - med adgang til internettet
7-trins skala , intern bedømmelse
31761
42101421124201546700 , Students without solid programming skills in Julia or Python or alike will not be able to pass this course, since programming is essential for the course assignments. Students must be familiar with the principles of optimization and linear programming, including duality and optimality Karush–Kuhn–Tucker (KKT) conditions (to be taught, e.g., in 42101 and 42112). It is recommended that students are familiar with the fundamentals of electric power systems and principles of energy economics.
Minimum 10
Jalal Kazempour , Lyngby Campus, Bygning 325 , jalal@dtu.dk
46 Institut for Vind og Energisystemer
I studieplanlæggeren
Dette kursus giver den studerende en mulighed for at lave eller forberede et projekt som kan deltage i DTUs studenterkonference om bæredygtighed, klimateknologi og miljø (GRØN DYST). Se mere på http://www.groendyst.dtu.dk
Et EuroTeQ kursus
Overordnede kursusmål
Electricity markets are today central in the way we exchange electricity. The increasing penetration of renewable energy sources in power systems has a substantial and complex impact on these electricity markets. In this context, the objective of this course is to introduce the students to the fundamental aspects of renewable energy in electricity markets, from the point of view of both market operators and market participants.
Læringsmål
En studerende, der fuldt ud har opfyldt kursets mål, vil kunne:
  • Explain the fundamentals of electricity markets
  • Explain various markets, actors, and pricing mechanisms
  • Explain the market-clearing process from both optimization and equilibrium perspectives
  • Describe the impact of renewables on electricity markets
  • Develop mathematical models including optimization and equilibrium problems for clearing various electricity markets
  • Design mathematical models for market participants enabling them to make optimal offering strategy decisions under uncertainty
  • Implement some of these mathematical models in Julia or Python
  • Present, analyze, and interpret the numerical results
Kursusindhold
Introduction

Fundamentals of electricity markets
- Supply and demand curves and the merit-order principle
- Definitions of social welfare and equilibrium
- Various pricing mechanisms
- Various electricity markets
- Various market actors
- European versus US electricity markets
- The market-clearing problem as an optimization problem

Market clearing: optimization versus equilibrium
- The market-clearing problem as a competitive equilibrium problem
- Definitions of Nash equilibrium and mixed complementarity problem

Day-ahead market
- The day-ahead market in practice (focus on Nord Pool)
- The market-clearing problem as an optimization problem
- Verification of the market-clearing price using KKT optimality conditions
- Network effects: Zonal versus nodal market clearing

Intra-day and balancing markets
- Markets in practice (focus on Nordic markets)
- The market-clearing problem as an optimization problem
- One-price versus two-price balancing settlements

Ancillary service markets
- Ancillary markets in practice (focus on European and Nordic markets, such as mFRR, aFRR, FCR, FCR-N, and FCR-D)
- The market-clearing problem as an optimization problem

Impacts of renewables in electricity markets

Offering strategy of a price-taker wind power producer
- Price-taker versus price-maker actor
- Offering strategy as a newsvendor problem
- Offering strategy under uncertainty via stochastic programming
- Risk considerations
- Decision quality analysis: Ex-post out-of-sample and cross validation analysis

Offering strategy of stochastic flexible assets in ancillary service markets
- Pre-qualifications to bid in in ancillary service markets
- Chance-constrained programming and solution techniques
- A chance-constrained optimization model for offering strategy
Bemærkninger
- You can find lecture slides and example of programming-based assignments from last years here: https:/​/​www.jalalkazempour.com/​teaching
- The evaluation will be based on group reports for course assignments. Therefore, group management skills are necessary. Students are responsible of forming their groups.
Sidst opdateret
02. maj, 2024