The Mathematical Institute, University of Oxford, Eprints Archive

Modelling Alternative Energy in the Electricity Market

Pereira Simoes Matos, Goncalo (2013) Modelling Alternative Energy in the Electricity Market. Masters thesis, Oxford University.

PDF (Goncalo Pereira Simoes Matos Thesis') - Submitted Version


In this thesis, we try to analyse the consequences to the electricity market when we try to introduce wind farms. We start by following [1], considering a large number of fuel-fired power plants bidding according to a Ornstein-Uhlenbeck process and building a bid-stack curve from these.

To introduce wind power generation, we model the wind speed at each location by a similar process and extract the total power generated by wind farms from it. We then consider the implications this power has on the bid-stack curve, and we try to anticipate how the market might evolve and adapt.

Item Type:Thesis (Masters)
Subjects:H - N > Mathematics education
Research Groups:Mathematical and Computational Finance Group
ID Code:1740
Deposited By: Laura Auger
Deposited On:13 Aug 2013 19:13
Last Modified:29 May 2015 19:26

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