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The significance of interconnector counter-trading in a security constrained electricity market

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  • Higgins, P.
  • Li, K.
  • Devlin, J.
  • Foley, A.M.

Abstract

Throughout the European Union there is an increasing amount of wind generation being dispatched-down due to the binding of power system operating constraints from high levels of wind generation. This paper examines the impact a system non-synchronous penetration limit has on the dispatch-down of wind and quantifies the significance of interconnector counter-trading to the priority dispatching of wind power. A fully coupled economic dispatch and security constrained unit commitment model of the Single Electricity Market of the Republic of Ireland and Northern Ireland and the British Electricity Trading and Transmission Arrangement was used in this study. The key finding was interconnector counter-trading reduces the impact the system non-synchronous penetration limit has on the dispatch-down of wind. The capability to counter-trade on the interconnectors and an increase in system non-synchronous penetration limit from 50% to 55% reduces the dispatch-down of wind by 311GWh and decreases total electricity payments to the consumer by €1.72/MWh. In terms of the European Union electricity market integration, the results show the importance of developing individual electricity markets that allow system operators to counter-trade on interconnectors to ensure the priority dispatch of the increasing levels of wind generation.

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  • Higgins, P. & Li, K. & Devlin, J. & Foley, A.M., 2015. "The significance of interconnector counter-trading in a security constrained electricity market," Energy Policy, Elsevier, vol. 87(C), pages 110-124.
    • Handle: RePEc:eee:enepol:v:87:y:2015:i:c:p:110-124
    DOI: 10.1016/j.enpol.2015.08.023
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    Cited by:

    1. Connolly, D., 2017. "Heat Roadmap Europe: Quantitative comparison between the electricity, heating, and cooling sectors for different European countries," Energy, Elsevier, vol. 139(C), pages 580-593.
    2. Devlin, Joseph & Li, Kang & Higgins, Paraic & Foley, Aoife, 2017. "A multi vector energy analysis for interconnected power and gas systems," Applied Energy, Elsevier, vol. 192(C), pages 315-328.
    3. Devlin, Joseph & Li, Kang & Higgins, Paraic & Foley, Aoife, 2016. "The importance of gas infrastructure in power systems with high wind power penetrations," Applied Energy, Elsevier, vol. 167(C), pages 294-304.

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