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This paper presents a multi-nodal intertemporal Cournot gaming model with transmission constraints and uses it to simulate energy-only and capacity-energy market designs in the presence of uncertainties stemming from intermittent renewable power generation. Both market paradigms are compared to a competitive benchmark in order to determine which one performs better in a concentrated market with significant penetration of wind and solar generation. As a specific example, the model is applied to the South Australian zone of the Australian National Electricity Market (NEM). The simulation results for the time interval 2013–2030 show that the capacity-energy market has the potential to induce significant new capacity and push prices much closer to the competitive level in contrast to the current energy-only market design. [ABSTRACT FROM AUTHOR]

This paper proposes a rule-based power management algorithm to enable the dispatch of a utility-scale PV power plant consisting of a hybrid energy storage system, in accordance with the Australian national electricity rules. This algorithm is purposely designed to regulate the instantaneous power of a PV plant with the same level of dispatchability as conventional power plants. Additionally, the proposed algorithm is robust under large forecasting errors (up to 60%) of solar irradiance and it can be easily implemented in practice. Specifically, this algorithm can be executed within seconds even when considering detailed market operation and model nonlinearities. A 30 MW PV plant, including a 7.5 MW/1.25 MWh vanadium redox battery and a 1.5 MW/0.25 MWh suppercapacitors bank, has been modeled using MATLAB/Simulink and PLECS software environment. The simulation results were based on various scenarios and confirmed the effectiveness of the proposed power management algorithm. It has been shown that even in the worst-case scenario of solar forecasting error of 60%, the proposed algorithm still managed to deliver over 94% of the available energy for a given solar irradiance profile of one month. [ABSTRACT FROM AUTHOR]