"A proposed hedge-based energy market model to manage renewable intermi" by Chris Johnathon, Ashish Prakash Agalgaonkar et al.
Renewable energy power producers are exposed to significant volatility in revenue due to intermittency associated with wind and solar energy. Moreover, higher penetration of variable renewable energy in the electric grids is significantly increasing the cost associated with procuring reserves, resulting in higher electricity costs to consumers. Hence, a market that can appropriately distribute the cost of procuring reserves whilst ensuring revenue stability for renewable energy producers is crucial. In this work, the authors propose a novel hedge-based energy market model that allows renewable...
Source: uow.edu.au