Aggregator-Enabled Prosumers' Impact on Strategic Hydro-Thermal Operations

Farzad Hassanzadeh Moghimi, Yihsu Chen, Afzal Siddiqui

Tutkimustuotos: Artikkeli kirjassa/konferenssijulkaisussaConference article in proceedingsScientificvertaisarvioitu

89 Lataukset (Pure)

Abstrakti

Climate packages envisage decarbonization of the power system and electrification of the wider economy via variable renewable energy (VRE). These trends facilitate the rise of aggregator-enabled prosumers and engender demand for flexibility. By exploiting conducive geography, e.g., in the Nordic region, hydro reservoirs can mitigate VRE's intermittency. Nevertheless, hydro producers may leverage this increased need for flexibility to exert market power through temporal arbitrage. Using a Nash-Cournot model, we examine how aggregator-enabled prosumers with endogenous loads and VRE capacity interact with other agents to affect market outcomes. Based on Nordic data, we find that hydro producers enhance their market power by shifting their production away from periods in which prosumers are net buyers and "dumping" their output during periods in which prosumers are net sellers. Hence, jurisdictions that rely upon (hydro) storage to integrate VRE from prosumers will need to be wary of incumbent firms' incentives to manipulate prices.
AlkuperäiskieliEnglanti
OtsikkoProceedings of the 56th Annual Hawaii International Conference on System Sciences, HICSS 2023
ToimittajatTung X. Bui
KustantajaHawaii International Conference on System Sciences
Sivut2693-2702
Sivumäärä10
ISBN (elektroninen)978-0-9981331-6-4
TilaJulkaistu - 3 tammik. 2023
OKM-julkaisutyyppiA4 Artikkeli konferenssijulkaisussa
TapahtumaAnnual Hawaii International Conference on System Sciences - Maui, Yhdysvallat
Kesto: 3 tammik. 20236 tammik. 2023
Konferenssinumero: 56

Julkaisusarja

NimiProceedings of the Annual Hawaii International Conference on System Sciences
ISSN (painettu)1530-1605
ISSN (elektroninen)2572-6862

Conference

ConferenceAnnual Hawaii International Conference on System Sciences
LyhennettäHICSS
Maa/AlueYhdysvallat
KaupunkiMaui
Ajanjakso03/01/202306/01/2023

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