Day-Ahead Versus Intraday Valuation of Flexibility for Photovoltaic and Wind Power Systems

  • Ernesto GarnierEmail author
  • Reinhard MadlenerEmail author
Conference paper
Part of the Operations Research Proceedings book series (ORP)


This paper takes the perspective of a photovoltaic (PV) or wind power plant operator who wants to optimally allocate demand-side flexibility to maximize realizable production value. We compare two allocation alternatives: (1) use of flexible loads to maximize relative day-ahead market value by shifting the portfolio balance in view of day-ahead prices; (2) use of flexible loads in intraday operations to minimize the costs incurred when balancing forecast errors. We argue that the second alternative yields a greater average value than the first in continuous-trade intraday markets. The argument is backed by a market data analysis for Germany in 2013.


Wind Power Forecast Error Demand Response Short Position Flexible Load 
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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.RWTH Aachen UniversityAachenGermany
  2. 2.Institute for Future Energy Consumer Needs and Behavior (FCN), School of Business and Economics/E.ON Energy Research CenterRWTH Aachen UniversityAachenGermany

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