Impact of Imbalance Pricing on Variable Renewable Energies with Different Prediction Accuracies: A Korean Case

Although the Korean government plans to increase its share of variable renewable energies (VREs), the Korean power market is not sufficiently mature to accommodate a large increase in VRE generation. Thus, the Korean system operator plans to introduce a two-settlement, and an imbalance settlement is...

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Bibliographic Details
Main Authors: Heeseung Moon, Dongsu Lee, Jeongmin Han, Yongtae Yoon, Seungwan Kim
Format: Article
Language:English
Published: MDPI AG 2021-07-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/14/13/3976