Redefining the Merit Order of Stochastic Generation in Forward Markets

摘要: This letter proposes a new merit order for the dispatch of stochastic production in forward markets (e.g., day-ahead markets). The proposed considers not only marginal cost generating unit, which is often very low or zero, but also projected balancing its energy deviations during real-time operation power system. We show, through an illustrative example, that leads to increased market efficiency as penetration generation electricity grows.