Economics Of Intermittent Renewable Energy Sources
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Economics Of Intermittent Renewable Energy Sources
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Author : Arthur Henriot
language : en
Publisher:
Release Date : 2014
Economics Of Intermittent Renewable Energy Sources written by Arthur Henriot and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
This thesis centres on issues of economic efficiency originating from the large-scale development of intermittent renewable energy sources (RES) in Europe. The flexible resources that are necessary to cope with their specificities (variability, low-predictability, site specificity) are already known, but adequate signals are required to foster efficient operation and investment in these resources. A first question is to what extent intermittent RES can remain out of the market at times when they are the main driver of investment and operation in power systems. A second question is whether the current market design is adapted to their specificities. These two questions are tackled in four distinct contributions.The first chapter is a critical literature review. This analysis introduces and confronts two (often implicit) paradigms for RES integration. It then identifies and discusses a set of evolutions required to develop a market design adapted to the large-scale development of RES, such as new definitions of the products exchanged and reorganisation of the sequence of electricity markets.In the second chapter, an analytical model is used to assess the potential of intraday markets as a flexibility provider to intermittent RES with low production predictability. This study highlights and demonstrates how the potential of intraday markets is heavily dependent on the evolution of the forecast errors.The third chapter focuses on the benefits of curtailing the production by intermittent RES, as a tool to smooth out their variability and reduce overall generation costs. Another analytical model is employed to anatomize the relationship between these benefits and a set of pivotal parameters. Special attention is also paid to the allocation of these benefits between the different stakeholders.In the fourth chapter, a numerical simulation is used to evaluate the ability of the European transmission system operators to tackle the investment wave required in order to manage the production of intermittent RES. Alternative financing strategies are then assessed. The findings reveal that under the current trend of tariffs, the volumes of investment forecasted will be highly challenging for transmission system operators.
Economic Curtailment Of Intermittent Renewable Energy Sources
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Author : Arthur Henriot
language : en
Publisher:
Release Date : 2014
Economic Curtailment Of Intermittent Renewable Energy Sources written by Arthur Henriot and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Renewable energy sources categories.
In a power system featuring a large share of intermittent renewable energy sources (RES) and inflexible thermal generators, efficiency gains on generation costs could be achieved by curtailing the production of RES. However, as RES feature very low variable production costs, over-curtailment can be costly. In this article, we use a stylised analytical model to assess this trade-off. We show that while curtailing RES when their variability is high and the system flexibility is low can reduce generation costs, the different stakeholders (consumers, dispatchable generators, RES) will not necessarily benefit from such measures. As a consequence, generators will opt for a sub-optimal level of curtailment, and this level of curtailment should rather be set by the TSO. Either incentive to provide the TSO with accurate forecasts of RES availability, or alternatively centralised forecasting by the TSO, should then be put into place to solve the resulting problem of asymmetry of information.
Notes On The Economics Of Energy Storage
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Author : G. M. Heal
language : en
Publisher:
Release Date : 2016
Notes On The Economics Of Energy Storage written by G. M. Heal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Energy storage categories.
Abstract: The increasing importance of intermittent renewable energy sources suggests a growing importance for energy storage as a way of smoothing the variable output. In this paper I investigate factors affecting the amount of energy storage needed, including the degree of intermittency and the correlations between wind and solar power outputs at different locations
The Economics Of Renewable Energy
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Author : Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs
language : en
Publisher: The Stationery Office
Release Date : 2008
The Economics Of Renewable Energy written by Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
The Government aims to increase renewable energy from 1.8 per cent to 15 per cent of energy consumption by 2020, in line with European Commission proposals. This report looks at the economics of renewable energy given the Government's policy to reduce carbon emissions. Chapter 2 gives a brief overview of Britain's energy system and outlines the Government's energy policy objectives. Chapter 3 examines the different renewable technologies used to generate electricity, and compares generation costs between them and contrasts them with fossil fuel-fired plants and nuclear power. Chapter 4 looks at the issues involved in balancing the irregular supply from renewable generators which depend on weather conditions against the continuous demand for electricity. The potential for renewable sources of heat and of transport fuels - an overlooked area even though they account for 80 per cent of UK energy consumption. - is examined in chapter 5. Chapter 6 reviews the key policy issues, the impact of renewable policy on fuel poverty, the planning system for renewable energy, and whether the 15 per cent EU target is achievable. The Committee finds that costs of renewable energy generation are more than conventional means. It recommends that the Government prioritise the development and promotion of the other effective and economic options, both to bring down carbon dioxide emissions and to achieve security of electricity supply. The most reliable renewable sources are tidal barrage and biomass, which are problematic for other reasons, and hydro-power which is near the limit of its potential in the UK. The most reliable low-carbon alternative to renewables is nuclear power, together with conventional fossil fuel generation with carbon capture and storage (if and when that becomes available).
Economics And Policies In Formulating Renewable Power Development Plans
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Author : Bai-Chen Xie
language : en
Publisher: Frontiers Media SA
Release Date : 2023-11-06
Economics And Policies In Formulating Renewable Power Development Plans written by Bai-Chen Xie and has been published by Frontiers Media SA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-06 with Technology & Engineering categories.
Renewable energy has been considered as an effective way to deal with challenges caused by energy security and climate change. In the past decades, the share of renewable energy in the energy mix has been increasing with a proportion of around 25% globally benefitting from the steady maturity of economical, technological and political issues. However, the gap between expectations of fast, renewables-driven energy transitions and the reality of today’s energy systems which rely heavily on fossil fuels remains stubbornly large. The development of renewable energy still faces uncertainties, among them are cost changes driven by the potential technology breakthroughs, renewable power market-oriented progress, and various challenges related to grid interconnection of such intermittent renewable energy resources, and some other factors. Many countries and regions have issued their plans in boosting the development of renewable power. However, not one renewable power exploitation plan is acceptable universally due to the varied developing level of economies and societies. It is of great significance to explore the economic, technological, and political influences of related factors in achieving the development target for renewable energy.
Renewable Energy In India
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Author : Pramod Deo
language : en
Publisher:
Release Date : 2021
Renewable Energy In India written by Pramod Deo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Renewable energy sources categories.
This book examines rules governing the market for electricity generation from intermittent renewable energy sources.
Electricity From Renewable Resources
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 2010-04-05
Electricity From Renewable Resources written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-05 with Science categories.
A component in the America's Energy Future study, Electricity from Renewable Resources examines the technical potential for electric power generation with alternative sources such as wind, solar-photovoltaic, geothermal, solar-thermal, hydroelectric, and other renewable sources. The book focuses on those renewable sources that show the most promise for initial commercial deployment within 10 years and will lead to a substantial impact on the U.S. energy system. A quantitative characterization of technologies, this book lays out expectations of costs, performance, and impacts, as well as barriers and research and development needs. In addition to a principal focus on renewable energy technologies for power generation, the book addresses the challenges of incorporating such technologies into the power grid, as well as potential improvements in the national electricity grid that could enable better and more extensive utilization of wind, solar-thermal, solar photovoltaics, and other renewable technologies.
Energy Technologies And Economics
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Author : Patrick A. Narbel
language : en
Publisher: Springer
Release Date : 2014-07-10
Energy Technologies And Economics written by Patrick A. Narbel and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-10 with Business & Economics categories.
This is an easy-to-read textbook providing the reader with the basis to comprehend the major energy technologies from a physical and economical perspective. The journey through the book begins with some background theory on the physics and economics of energy. Major energy technologies (fossil, nuclear and renewable) are explored in-depth, explaining how they work and the costs involved. Finally, the journey ends by exploring the technical and economic feasibility of supplying the world by 2050 with sustainable energy only. Numerous examples are provided to allow the reader to relate important concepts to real-life. The reader’s understanding of the material can then be tested using the exercises at the end of each chapter. This textbook is the first to thoroughly present the physics and the economics of energy. It is intended for graduate students and practitioners interested in the field of energy. It also enables the general reader to distinguish between political statement and fact.
On The Economics Of Renewable Energy Support And Market Integration Of Intermittent Electricity Supply
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Author : Clemens Streitberger
language : en
Publisher:
Release Date : 2020
On The Economics Of Renewable Energy Support And Market Integration Of Intermittent Electricity Supply written by Clemens Streitberger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Government Response To Report On The Economics Of Renewable Energy
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Author : Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs
language : en
Publisher: The Stationery Office
Release Date : 2009
Government Response To Report On The Economics Of Renewable Energy written by Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
Government response to the Committee's 4th report, HLP 195-I, session 2007-08, (ISBN 9780104013779)