Cited by 152Electric Power System OptimizationSmart Grid Energy ManagementIntegrated Energy Systems Optimization

The DOI matches its Crossref record; 15 of the 15 references it cites were found in a registry or an index.

Evaluating the Impacts of Real-Time Pricing on the Cost and Value of Wind Generation

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Sioshansi, Ramteen·2010·IEEE Transactions on Power Systems

Abstract

One of the costs associated with integrating wind generation into a power system is the cost of redispatching the system in real-time due to day-ahead wind resource forecast errors. One possible way of reducing these redispatch costs is to introduce demand response in the form of real-time pricing (RTP), which could allow electricity demand to respond to actual real-time wind resource availability using price signals. A day-ahead unit commitment model with day-ahead wind forecasts and a real-time dispatch model with actual wind resource availability is used to estimate system operations in a high wind penetration scenario. System operations are compared to a perfect foresight benchmark, in which actual wind resource availability is known day-ahead. The results show that wind integration costs with fixed demands can be high, both due to real-time redispatch costs and lost load. It is demonstrated that introducing RTP can reduce redispatch costs and eliminate loss of load events. Finally, social surplus with wind generation and RTP is compared to a system with neither and the results demonstrate that introducing wind and RTP into a market can result in superadditive surplus gains.

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Crossref · 10.1109/tpwrs.2009.2032552

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Research works printed but not linked: 4

  1. borenstein, 1997, A Cournot-Nash Equilibrium Analysis of the New Jersey Electricity Market
  2. king, 2003, predicting california demand response, Public Utility Fortnightly, 27
  3. 2007, Integration of Renewable Resources
  4. felder, 2007, Quantifying Demand Response Benefits in PJM

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Metadata

Authors
Sioshansi, R.
Affiliations
National Laboratory of the Rockies (US)
Corresponding author
Sioshansi, Ramteen
Venue
IEEE Transactions on Power Systems
Published
2010-05
Volume
25
Issue
2
Pages
741-748
ISSN
  • 0885-8950 (ISSN-L)
  • 1558-0679
OpenAlex
W2126540864
Cited by
152
References
15
Citations by year
2026: 2 · 2025: 2 · 2024: 2 · 2023: 4 · 2022: 8 · 2021: 3 · 2020: 3 · 2019: 10 · 2018: 6 · 2017: 15 · 2016: 9 · 2015: 15 · 2014: 20 · 2013: 17 · 2012: 16
FWCI
9.52
Type
journal article
Language
en
Open access
Locations
  • IEEE Transactions on Power Systems (publishedVersion)
  • OSTI OAI (U.S. Department of Energy Office of Scientific and Technical Information) (submittedVersion)
Funders
Ohio State University
Topics
  • Physical Sciences › Engineering › Electrical and Electronic Engineering › Electric Power System Optimization
  • Physical Sciences › Engineering › Electrical and Electronic Engineering › Smart Grid Energy Management
  • Physical Sciences › Engineering › Electrical and Electronic Engineering › Integrated Energy Systems Optimization
Keywords
real-time pricing, wind power integration, demand response, wind forecast errors, day-ahead unit commitment, real-time dispatch, social surplus, high wind penetration, electricity market

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