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We present a mixed-integer, linear programming model for determining optimal interconnection locations using a cost minimisation approach. Optimal interconnection and capacity investment decisions are determined under various targets for renewable penetration. The model is applied to a test...
Persistent link: https://www.econbiz.de/10009410535
This paper examines the redesign of the Irish Single Electricity Market in order to comply with the European Target Model for electricity. In particular, this work focuses on the challenges raised by the high concentration in the generation sector which exists in the Irish electricity market. We...
Persistent link: https://www.econbiz.de/10010486932
Growth in energy demand together with the expansion of variable renewables has significant implications for the future electricity system. The increased volatility from growing intermittent production requires new sources of flexibility at a much greater scale to help maintain system balance. In...
Persistent link: https://www.econbiz.de/10012028954
Electricity wholesale markets are undergoing rapid transformation due to the increasing share of distributed and variable renewable energy sources (vRES) penetrating the market. The increasing shares of stochastic wind generation bring along greater deviations between the real time power...
Persistent link: https://www.econbiz.de/10012028958
We present a novel method of determining the contribution of load-shifting Demand Response (DR) to energy and reserve markets. We model DR in an Mixed Complementarity Problem (MCP) framework with high levels of wind penetration. Investment, exit and operational decisions are optimised...
Persistent link: https://www.econbiz.de/10011763014
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The costs associated with electricity generation include costs that are independent of their marginal output, including the cost of starting their units, and constraints such as minimum generation levels. Modelling these costs and constraints requires integer formulation of the units, and so...
Persistent link: https://www.econbiz.de/10014438683