A Note on the Normalization of Spanish Electricity Spot Prices
IEEE Transactions Power Systems（2016）
摘要
Merit order of renewable generation has produced an increasing, relevant number of zero values in Spanish electricity spot prices since 2010, in contrast with the rest of markets which rarely present zero values. This letter shows that existing methodologies for normalizing the price distribution fail to yield a proper normalization. This letter proposes a new algorithm based on Nataf transformation which addresses this issue and ensures a correct normalization. Numerical results validate the proposed algorithm.
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关键词
power markets,pricing,Nataf transformation,Spanish electricity spot price,merit order,power market,price distribution normalization,renewable generation,Autoregressive processes,normal distributions,probability,time series
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