IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v36y2011i7p4434-4444.html
   My bibliography  Save this article

Electricity market auction settings in a future Danish electricity system with a high penetration of renewable energy sources – A comparison of marginal pricing and pay-as-bid

Author

Listed:
  • Nielsen, Steffen
  • Sorknæs, Peter
  • Østergaard, Poul Alberg

Abstract

The long-term goal for Danish energy policy is to be free of fossil fuels through the increasing use of renewable energy sources (RES) including fluctuating renewable electricity (FRE).

Suggested Citation

  • Nielsen, Steffen & Sorknæs, Peter & Østergaard, Poul Alberg, 2011. "Electricity market auction settings in a future Danish electricity system with a high penetration of renewable energy sources – A comparison of marginal pricing and pay-as-bid," Energy, Elsevier, vol. 36(7), pages 4434-4444.
    • Handle: RePEc:eee:energy:v:36:y:2011:i:7:p:4434-4444
    DOI: 10.1016/j.energy.2011.03.079
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544211002477
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2011.03.079?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Münster, Marie & Lund, Henrik, 2009. "Use of waste for heat, electricity and transport—Challenges when performing energy system analysis," Energy, Elsevier, vol. 34(5), pages 636-644.
    2. Lund, H & Münster, E, 2003. "Modelling of energy systems with a high percentage of CHP and wind power," Renewable Energy, Elsevier, vol. 28(14), pages 2179-2193.
    3. Vázquez, Carlos & Rivier, Michel & Pérez-Arriaga, Ignacio J., 2001. "If Pay-as-Bid Auctions Are Not a Solution for California, then Why Not a Reliability Market?," The Electricity Journal, Elsevier, vol. 14(4), pages 41-48, May.
    4. Connolly, D. & Lund, H. & Mathiesen, B.V. & Leahy, M., 2011. "The first step towards a 100% renewable energy-system for Ireland," Applied Energy, Elsevier, vol. 88(2), pages 502-507, February.
    5. Paul Klemperer, 2004. "Auctions: Theory and Practice," Online economics textbooks, SUNY-Oswego, Department of Economics, number auction1.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Østergaard, P.A. & Lund, H. & Thellufsen, J.Z. & Sorknæs, P. & Mathiesen, B.V., 2022. "Review and validation of EnergyPLAN," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    2. Ma, Tao & Østergaard, Poul Alberg & Lund, Henrik & Yang, Hongxing & Lu, Lin, 2014. "An energy system model for Hong Kong in 2020," Energy, Elsevier, vol. 68(C), pages 301-310.
    3. Hong, Lixuan & Lund, Henrik & Möller, Bernd, 2012. "The importance of flexible power plant operation for Jiangsu's wind integration," Energy, Elsevier, vol. 41(1), pages 499-507.
    4. Lund, Henrik & Mathiesen, Brian Vad, 2012. "The role of Carbon Capture and Storage in a future sustainable energy system," Energy, Elsevier, vol. 44(1), pages 469-476.
    5. Hong, Lixuan & Zhou, Nan & Fridley, David & Raczkowski, Chris, 2013. "Assessment of China's renewable energy contribution during the 12th Five Year Plan," Energy Policy, Elsevier, vol. 62(C), pages 1533-1543.
    6. Alberg Østergaard, Poul & Mathiesen, Brian Vad & Möller, Bernd & Lund, Henrik, 2010. "A renewable energy scenario for Aalborg Municipality based on low-temperature geothermal heat, wind power and biomass," Energy, Elsevier, vol. 35(12), pages 4892-4901.
    7. Mathiesen, B.V. & Lund, H. & Connolly, D. & Wenzel, H. & Østergaard, P.A. & Möller, B. & Nielsen, S. & Ridjan, I. & Karnøe, P. & Sperling, K. & Hvelplund, F.K., 2015. "Smart Energy Systems for coherent 100% renewable energy and transport solutions," Applied Energy, Elsevier, vol. 145(C), pages 139-154.
    8. Mahbub, Md Shahriar & Cozzini, Marco & Østergaard, Poul Alberg & Alberti, Fabrizio, 2016. "Combining multi-objective evolutionary algorithms and descriptive analytical modelling in energy scenario design," Applied Energy, Elsevier, vol. 164(C), pages 140-151.
    9. Vidal-Amaro, Juan José & Østergaard, Poul Alberg & Sheinbaum-Pardo, Claudia, 2015. "Optimal energy mix for transitioning from fossil fuels to renewable energy sources – The case of the Mexican electricity system," Applied Energy, Elsevier, vol. 150(C), pages 80-96.
    10. Gota, Dan-Ioan & Lund, Henrik & Miclea, Liviu, 2011. "A Romanian energy system model and a nuclear reduction strategy," Energy, Elsevier, vol. 36(11), pages 6413-6419.
    11. Liu, Wen & Lund, Henrik & Mathiesen, Brian Vad, 2011. "Large-scale integration of wind power into the existing Chinese energy system," Energy, Elsevier, vol. 36(8), pages 4753-4760.
    12. Østergaard, Poul Alberg & Lund, Henrik, 2011. "A renewable energy system in Frederikshavn using low-temperature geothermal energy for district heating," Applied Energy, Elsevier, vol. 88(2), pages 479-487, February.
    13. Kwon, Pil Seok & Østergaard, Poul Alberg, 2013. "Priority order in using biomass resources – Energy systems analyses of future scenarios for Denmark," Energy, Elsevier, vol. 63(C), pages 86-94.
    14. Liu, Wen & Hu, Weihao & Lund, Henrik & Chen, Zhe, 2013. "Electric vehicles and large-scale integration of wind power – The case of Inner Mongolia in China," Applied Energy, Elsevier, vol. 104(C), pages 445-456.
    15. Prasad, Ravita D. & Bansal, R.C. & Raturi, Atul, 2014. "Multi-faceted energy planning: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 686-699.
    16. Ridjan, Iva & Mathiesen, Brian Vad & Connolly, David, 2014. "Synthetic fuel production costs by means of solid oxide electrolysis cells," Energy, Elsevier, vol. 76(C), pages 104-113.
    17. Henning, Hans-Martin & Palzer, Andreas, 2014. "A comprehensive model for the German electricity and heat sector in a future energy system with a dominant contribution from renewable energy technologies—Part I: Methodology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 1003-1018.
    18. Connolly, D. & Lund, H. & Mathiesen, B.V. & Werner, S. & Möller, B. & Persson, U. & Boermans, T. & Trier, D. & Østergaard, P.A. & Nielsen, S., 2014. "Heat Roadmap Europe: Combining district heating with heat savings to decarbonise the EU energy system," Energy Policy, Elsevier, vol. 65(C), pages 475-489.
    19. Lund, H. & Mathiesen, B.V., 2009. "Energy system analysis of 100% renewable energy systems—The case of Denmark in years 2030 and 2050," Energy, Elsevier, vol. 34(5), pages 524-531.
    20. Pillai, Jayakrishnan R. & Heussen, Kai & Østergaard, Poul Alberg, 2011. "Comparative analysis of hourly and dynamic power balancing models for validating future energy scenarios," Energy, Elsevier, vol. 36(5), pages 3233-3243.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:36:y:2011:i:7:p:4434-4444. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.