Solar/wind installation simulation

When defining your own wind/solar power installation, the app calculates the expected market revenue based on the day ahead market and imbalance market. Using the countries forecast and actual wind/solar production as forecast and actual production as reference. Basically it is the expected turnover of an installation bidding on the day-ahead market without using any other markets, e.g.: future markets, intraday market or realtime markets.

To calculate the revenue the following equation is used per time period:

In this equation the values are:

Power_forecast

The expected power generated in that particular time period. Base on the average forecasted power generation in the region/country where the installation is located. Available before delivery.

Price_day-ahead

The day-ahead price for each generated MWh for the region/country. Available before delivery.

Power_actual

The actually power generated is based on the actually generated amount of power in the given time period in the region/country where the installation is located. Only available after delivery has taken place.

Price_Imbalance

The imbalance price for the given region per MWh. Only available after delivery has taken place. The imbalance price used is the one applicable for excess or insufficient power generation. Imbalance prices are only available after delivery has taken place.

In the summary table, we add all base and peak load periods together. Per day you'll find the total revue of that day and the amount of revenue made during peak hours.