Essays about: "FCR-D"

Showing result 1 - 5 of 25 essays containing the word FCR-D.

  1. 1. Bridging the Knowledge Gap for New Market Entrants in the Swedish Electric Power System : Market development modeling for the FCR-D Up balancing market

    University essay from KTH/Skolan för industriell teknik och management (ITM)

    Author : Lukas Lindroos; David Odenlind; [2023]
    Keywords : Ancillary Services; Balancing Markets; FCR-D Up; Market Development; Regulative Market Change; Price Formation; System Modeling; Stödtjänster; Balansmarknader; FCR-D Upp; Marknadsutveckling; Regulatorisk Markandsförändring; Prisbildning; Systemmodellering.;

    Abstract : The need for ancillary services is on the rise due to the increasing share of weather-dependent power sources in the electric power system. This master thesis focuses on the Swedish FCR-D Up market. READ MORE

  3. 2. Evaluation of the challenges and opportunities of Vehicle-to-Grid technology and the potential revenue streams for BEV fleet owners and aggregators

    University essay from KTH/Skolan för industriell teknik och management (ITM)

    Author : Lukas Strandberg; Madeleine Sandberg; [2023]
    Keywords : Vehicle-to-Grid; Grid flexibility; Capacity markets; Barriers; Fordon-till-nätteknologi; Elnätsflexibilitet; Kapacitetsmarknader; Barriärer;

    Abstract : The increasing amount of renewable energy being connected to the power grid, and the intermittent nature of these resources, calls for increased grid flexibility to ensure operational safety and stability. An effective solution to address this need could be through wider implementation of various energy storage technologies. READ MORE

  4. 3. Forecasting Swedish FCR-D Prices using Penalized Multivariate Time Series Techniques

    University essay from Lunds universitet/Nationalekonomiska institutionen; Lunds universitet/Statistiska institutionen

    Author : Franz Lennart Wunderlich; Sebastian Brugger; [2023]
    Keywords : Swedish Energy Market; Multivariate Time-Series; Lasso; Forecasting; Noise Filtering; Business and Economics;

    Abstract : The Swedish energy market is becoming more and more sustainable, with an increasing volume and number of diversified energy sources being continuously added to the mix. To stabilize the grid frequency, auctions are held to offer energy providers incentives to produce or consume energy on short notice. READ MORE

  5. 4. Techno-Economic Optimization and Control of Hybrid Energy Systems

    University essay from Linköpings universitet/Fordonssystem

    Author : Louise Calmered; Tanja Nyberg; [2023]
    Keywords : Hybrid Energy Systems; Optimization; Control Techniques; Peak Shaving; Energy Arbitrage; Ancillary Services;

    Abstract : The increasing demand for renewable energy sources to meet climate targets and reduce carbon emissions poses challenges to the power grid due to their intermittent nature. One potential solution to maintain grid stability is by implementing Hybrid Energy Systems (HESs) that incorporate a Battery Energy Storage System (BESS). READ MORE

  6. 5. A Mixed Time-Series & Machine Learning Approach for Price Forecasting in the Swedish Ancillary Market

    University essay from Lunds universitet/Nationalekonomiska institutionen; Lunds universitet/Statistiska institutionen

    Author : Daniel Arredondo; [2023]
    Keywords : Hybrid model; Volatility model; Machine learning model; Price spike prediction; Energy trading; Time series forecasting; Ancillary service market; Business and Economics;

    Abstract : This study aims to forecast the Swedish FCR-D Down A2 market prices through a hybrid model combining a volatility model and a machine learning approach, and compares its performance with a standalone machine learning model. We further examine the impact of different lag orders (1-Hr vs. 24-Hr) on volatility estimates and forecast performance. READ MORE