Table 7 Results of risk management through β
| Â | \(\beta \approx 1\) | \(\beta = 0.8\) | \(\beta = 0.6\) | \(\beta = 0.4\) | \(\beta = 0.2\) | \(\beta \approx 0\) |
|---|---|---|---|---|---|---|
Day-ahead energy cost (€) | 2322.823 | 2319.852 | 2484.096 | 2622.025 | 2818.022 | 3120.235 |
Reserve capacity profit (€) | 1496.427 | 1491.253 | 1474.033 | 1473.633 | 1474.767 | 1476.107 |
Real-time energy cost (€) | 0 | 0 | -0.014 | 0 | 0 | 0 |
Reserve deployment profit (€) | 743.828 | 752.403 | 960.627 | 1123.300 | 1296.313 | 1408.466 |
Unsupplied reserve penalty cost (€) | 0 | 0 | 0 | 0 | 0 | 0 |
Satisfaction cost (€) | 2707.274 | 2707.235 | 2704.339 | 2704.697 | 2705.330 | 2708.482 |
Natural gas and operational and start-up/shut-down cost (€) | 4872.183 | 4880.705 | 4903.795 | 4915.511 | 4887.604 | 4687.957 |
Total cost of the aggregator (€) | 7662.072 | 7664.136 | 7657.556 | 7645.300 | 7639.876 | 7632.102 |
CVaR value (€) | 7850.523 | 7853.732 | 7865.221 | 7877.090 | 7890.798 | 7925.282 |