Medium-term modeling of electricity market has essential role in generation expansion planning. On the other hand, uncertainties strongly affect modeling and consequently, strategic analysis of generation firms in the medium term. Therefore, models considering these uncertainties are highly required. Among uncertain variables considered in the medium term generation planning, demand and hyd...

The increasing use of renewable energy technologies for electricity generation, many of which have an unpredictably intermittent nature, will inevitably lead to a greater need for electricity storage. Although there are many existing and emerging storage technologies, most have limitations in terms of geographical constraints, high capital cost or low cycle life, and few are of sufficient scale...

*Correspondence: Luís de Sousa, Resource Centre for Environmental Technologies (CRTE), Public Research Centre (CRP) Henri Tudor, 6A, Av.des Hauts-Fourneaux, Esch-sur-Alzette L-4362, Luxembourg e-mail: [email protected] After the turn of the century governments across Europe set in place a series of programmes to expand investment on grid-connected solar power technology, especially phot...

Main challenges within the energy system of tomorrow are more volatile, less controllable and at the same time more decentralized electricity generation. Furthermore, the increasing research and development activities on electric vehicles (EV) make a significant share of electric vehicles within the passenger car fleet in 2030 more and more likely. This will lead to a further increase of power ...

This paper analyses the impact of power market structure on the pass-through rate (PTR) of CO2 emissions trading costs on electricity prices from a theoretical point of view, including graphical illustrations and mathematical proofs. Market structure refers in particular to the number of firms active in the market as well as to the shape of the power demand and supply curves. In addition, it an...

As climate concerns, low natural gas prices, and renewable technologies increase the electric power sector’s dependence on natural gas-fired power plants, operational and investment models for gas and electric power systems will need to incorporate the interdependencies between these two systems to accurately capture the impacts of one on the other. Currently, few hybrid gas-electricity models ...

High cost and technical immaturity of bulk (multi-hour) electricity storage (BES) systems are often cited as major hurdles to increasing the penetration of intermittent renewables. We use a simple model to assess the economics of BES under carbon emissions constraints. Size and dispatch of a green-field generation fleet is optimized to meet a variable load at a 15 minute time resolution. Electr...

A variety of mathematical models have been proposed to characterize and quantify the dependency of electricity supply technology costs on various drivers of technological change. The most prevalent model form, called a learning curve, or experience curve, is a log-linear equation relating the unit cost of a technology to its cumulative installed capacity or electricity generated. This one-facto...

Nowadays, energy plays an important role in the economic and community development of country. Consequently, performance analysis of energy systems is one of the effective methods being used to prevent waste of energy resources. Among the different power generation technologies, steam power plants make a significant contribution to power generation in Iran, with a share of 47 % of electricity g...

Nowadays, energy plays an important role in the economic and community development of country. Consequently, performance analysis of energy systems is one of the effective methods being used to prevent waste of energy resources. Among the different power generation technologies, steam power plants make a significant contribution to power generation in Iran, with a share of 47 % of electrici...