Ir arriba
Información del artículo

The Spanish intraday market design: a successful solution to balance renewable generation?

J.P. Chaves, C. Fernandes

The increasing penetration of renewable energy sources in Europe requires market mechanisms which allow an efficient balancing of these sources. This paper analyzes the participation of renewable generators in the Spanish intraday market. First, the organization of the intraday market and the short-term market mechanisms influencing intraday trading are described. After that, day-ahead and intraday market prices, as well as intraday trading volumes, are used to study the behavior of market agents in the Spanish intraday market. Regarding renewable generators, the influence of support schemes on the behavior of these agents in the intraday market is also analyzed. This paper shows that the Spanish intraday market has effectively contributed to renewable generation balancing. Despite this, market distortions have incentivized some renewable generators to arbitrate between the day-ahead and intraday markets, giving rise to higher system costs. Based on the presented analysis, it is argued that these distortions need to be removed from short-term markets to incentivize market parties, especially intermittent generators, to reduce forecast errors over time, improving economic efficiency and avoiding the use of costly balancing actions performed by the System Operator.


Palabras clave: Intraday market; Renewable energy sources; Market designs


Renewable Energy. Volumen: 74 Páginas: 422-432

Índice de impacto JCR y cuartil Scopus: JCR impact factor: 3.404 (2015); 5.439 (2018).

Referencia DOI: DOI icon 10.1016/j.renene.2014.08.017    

Publicado en papel: Febrero 2015. Publicado on-line: Septiembre 2014.



Cita:
J.P. Chaves, C. Fernandes. The Spanish intraday market design: a successful solution to balance renewable generation?. Renewable Energy. vol. 74, pp. 422-432, Febrero 2015. [Online: Septiembre 2014]


    Líneas de investigación:
  • *Green energy integration

pdf  Previsualizar
pdf Solicitar el artículo completo a los autores



Aviso legal  |  Política de cookies |  Política de Privacidad

© Universidad Pontificia Comillas, Escuela Técnica Superior de Ingeniería - ICAI, Instituto de Investigación Tecnológica

Calle de Santa Cruz de Marcenado, 26 - 28015 Madrid, España - Tel: (+34) 91 5422 800