dc.date.accessioned | 2017-12-12T13:29:03Z | |
dc.date.available | 2017-12-12T13:29:03Z | |
dc.date.created | 2017-11-20T11:45:53Z | |
dc.date.issued | 2017 | |
dc.identifier.citation | Benth, Fred Espen Ibrahim, Noor Adilah . Stochastic modeling of photovoltaic power generation and electricity prices. Journal of Energy Markets. 2017, 10(3), 1-33 | |
dc.identifier.uri | http://hdl.handle.net/10852/59335 | |
dc.description.abstract | In recent years, renewable energy has gained importance in producing power in many markets. The aim of this article is to model photovoltaic (PV) production for three transmission operators in Germany. PV power can only be generated during sun hours and the cloud cover will determine its overall production. Therefore, we propose a model that takes into account the sun intensity as a seasonal function. We model the deseasonalized data by an autoregressive process to capture the stochastic dynamics in the data. We present two applications based on our suggested model. First, we build a relationship between electricity spot prices and PV production where the higher the volume of PV production, the lower the power prices. As a further application, we discuss virtual power plant derivatives and energy quanto options.
This is a submitted version of an article which will be published in the Journal of Energy Markets. © Incisive Media | en_US |
dc.language | EN | |
dc.publisher | Incisive Media Investments Ltd. | |
dc.title | Stochastic modeling of photovoltaic power generation and electricity prices | en_US |
dc.type | Journal article | en_US |
dc.creator.author | Benth, Fred Espen | |
dc.creator.author | Ibrahim, Noor Adilah | |
cristin.unitcode | 185,15,13,35 | |
cristin.unitname | Stokastisk analyse, finans, forsikring og risiko | |
cristin.ispublished | true | |
cristin.fulltext | preprint | |
cristin.qualitycode | 1 | |
dc.identifier.cristin | 1515984 | |
dc.identifier.bibliographiccitation | info:ofi/fmt:kev:mtx:ctx&ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Journal of Energy Markets&rft.volume=10&rft.spage=1&rft.date=2017 | |
dc.identifier.jtitle | Journal of Energy Markets | |
dc.identifier.volume | 10 | |
dc.identifier.issue | 3 | |
dc.identifier.startpage | 1 | |
dc.identifier.endpage | 33 | |
dc.identifier.doi | http://dx.doi.org/10.21314/JEM.2017.164 | |
dc.identifier.urn | URN:NBN:no-62019 | |
dc.type.document | Tidsskriftartikkel | en_US |
dc.source.issn | 1756-3615 | |
dc.identifier.fulltext | Fulltext https://www.duo.uio.no/bitstream/handle/10852/59335/1/PV-benthibrahim.pdf | |
dc.type.version | SubmittedVersion | |