Elberg, Christina; Hagspiel, Simeon - Energiewirtschaftliches Institut (EWI), Universität zu … - 2013
Wind power has seen a strong growth over the last decade. Due to its high intermittency, spot prices have become more … volatile and exhibit correlated behavior with wind power fed into the system. In this paper, we develop a stochastic simulation … model that incorporates the spatial dependencies of wind power and its interrelations with spot prices: We employ a …