Impacts of Intermittent Renewables on Electricity Generation System Operation
نویسندگان
چکیده
All power generation technologies leave their particular imprint on the power system that they belong to. Wind and solar power have only recently reached significant levels of penetration in some countries, but they are expected to grow much during the next few decades, and contribute substantially to meeting future electricity demand, see e.g. European Commission (2011). Wind, photovoltaic (PV) solar and concentrated solar power (CSP) with no storage have non-controllable variability, partial unpredictability and locational dependency. These attributes make an analysis of their impacts on electricity generation system operation and design particularly interesting.
منابع مشابه
An Overview of Hydroelectric Power Plant: Operation, Modeling, and Control
Renewable energy provides twenty percent of electricity generation worldwide. Hydroelectric power is the cheapest way to generate electricity today. It is a renewable source of energy and provides almost one-fifth of electricity in the world. Also, it generates electricity using a renewable natural resource and accounting for six percent of worldwide energy supply or about fifteen percent of th...
متن کاملTransmission Constraints, Intermittent Renewables and Welfare
This paper extends the transmission framework from Joskow and Tirole (2005) to show how intermittent renewable capacity increases interact with transmission constraints both theoretically and empirically. The main prediction of the model is that transmission congestion leads to mitigated benefits from renewables due to lack of electricity to be traded to high priced market settlement points. We...
متن کاملPower system and market integration of renewable electricity
— This paper addresses problems of power generation markets that arise under high shares of intermittent generation. After discussing the economic fundamentals of wind and photovoltaic investments, the paper introduces the concept of the “Merit order effect of renewables”. According to this concept electricity prices on wholesale power markets become smaller in periods during which large volume...
متن کاملImpacts of Premium Bounds on the Operation of Put Option and Day-ahead Electricity Markets
In this paper, the impacts of premium bounds of put option contracts on the operation of put option and day-ahead electricity markets are studied. To this end, first a comprehensive equilibrium model for a joint put option and day-ahead markets is presented. Interaction between put option and day-ahead markets, uncertainty in fuel price, impact of premium bounds, and elasticity of con...
متن کاملDecarbonizing electricity generation with intermittent sources of energy
We examine public policies and technological solutions that aim to decarbonize electricity production by replacing fossil fuel energy by intermittent renewable sources, namely wind and solar power. We consider a model of investment and production with two sources of energy: one is clean but intermittent (wind or solar), whereas the other one is reliable but polluting (thermal power). Intermitte...
متن کامل