Showing 1 - 8 of 8
Efficient renewables deployment requires the minimisation of both internal generation costs and external transmission expansion planning (TEP) costs. Competitive pay-as-bid connection auctions allow wind energy generators to reveal their costs of generation such that internal generation costs...
Persistent link: https://www.econbiz.de/10011416834
The North Atlantic Oscillation (NAO) is a large-scale circulation pattern driving climate variability in north-western Europe. In recent years there has been an increasing deployment of wind-powered generation technology, i.e. wind farms, on electricity networks across Europe. As this deployment...
Persistent link: https://www.econbiz.de/10011304124
This paper evaluates the effect of wind generation on CO2 emissions using 2008-2012 historical data for the Irish Single Electricity Market. Wind generation decreases CO2 emissions, but by less than the average system emissions. When we evaluate the results by technology, we find that wind...
Persistent link: https://www.econbiz.de/10010416676
We use Monte Carlo analysis to examine the potential of increased renewable generation to provide a hedge against variability in energy prices and costs. Fuel costs, electricity demand and wind generation are allowed to vary and a unit commitment and economic dispatch algorithm is employed to...
Persistent link: https://www.econbiz.de/10010437750
In a deregulated market, the decision to build new thermal power plants rests with private investors and they will decide whether to invest on the basis of expected profits. This paper evaluates how such profits are affected by the increasing presence of wind generation. We use hourly historical...
Persistent link: https://www.econbiz.de/10010220084
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
This paper analyses how people's attitudes towards onshore wind power and overhead transmission lines affect the costoptimal development of electricity generation mixes, under a high renewable energy policy. For that purpose, we use a power systems generation and transmission expansion planning...
Persistent link: https://www.econbiz.de/10012180791
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