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The development of sustainable energy sources and their enabling infrastructures are often met by public opposition, resulting in lengthy planning processes. One proposed means of reducing public opposition is constraining the capacity of renewable energy projects onshore, leading to more...
Persistent link: https://www.econbiz.de/10012136803
Power systems based on renewable energy sources (RES) are characterised by increasingly distributed, volatile and uncertain supply leading to growing requirements for flexibility. In this paper, we explore the role of demand response (DR) as a source of flexibility that is considered to become...
Persistent link: https://www.econbiz.de/10011795293
Many countries plan to decarbonise their energy systems by increasing energy efficiency and expanding the use of renewable energy sources (RES). Such actions require significant investments in new energy infrastructures. While people are generally accepting of these infrastructures, opposition...
Persistent link: https://www.econbiz.de/10011795322
The growth in variable renewable energy (vRES) and the need for flexibility in power systems go hand in hand. We study how vRES and other factors, namely the price of substitute fuels, power price volatility, structural breaks, and seasonality impact the hedgeable power spreads (profit margins)...
Persistent link: https://www.econbiz.de/10011763015
Increased renewable generation worldwide is posing new challenges for power system planners. The location, as well as the level and operation, of each generation resource is increasingly important. This work presents a constrained Generation Expansion Planning (GEP) optimization model. One of...
Persistent link: https://www.econbiz.de/10011974959
The European Union has set ambitious targets for emission reduction and the penetration of renewable energy, including the electricity generation sector as one of the major emitters of CO2. After a period of subsidy-driven investments, the costs of renewables decreased strongly making...
Persistent link: https://www.econbiz.de/10011899727
Managing the risk associated with uncertain load has always been a challenge for retailers in electricity markets. Yet the load variability has been largely predictable in the past, especially when aggregating a large number of consumers. In contrast, the increasing penetration of unpredictable,...
Persistent link: https://www.econbiz.de/10011900109
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Persistent link: https://www.econbiz.de/10011870570
Energy systems based on renewables have an increasing demand for flexibility. In this paper, we consider the potential of power-to-gas to provide flexibility and enhance the system integration of renewables. Existing research on power-to-gas typically analyses the system effects of a...
Persistent link: https://www.econbiz.de/10011805626