Financial transmission rights perform well in power markets with high penetration of wind energy?

摘要

We investigate the impact of FTR in a grid with high penetration of renewables. In particular, we consider a two stage stochastic model with strategic market players and different forms of FTR and WPP integration policies. The proposed model captures startup and ramping constraints as well as information constraints faced by the SO and the market players. Based on this model we examine the impact of FTR and evaluate the extent to which FTRs hedge against price risk from transmission congestion under the current protocol that Wind Power Producers(WPPs) are allowed to participate in the real-time market. We also suggested a protocol to solve the revenue adequacy problem caused by the current protocol.