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Author: Brian Daniel Kiefer
Publisher:
ISBN:
Category : Electric power distribution
Languages : en
Pages :
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Book Description
This thesis pursues a method to deregulate the electric distribution system and provide support to distributed renewable generation. A locational marginal price is used to determine prices across a distribution network in real-time. The real-time pricing may provide benefits such as a reduced electricity bill, decreased peak demand, and lower emissions. This distribution locational marginal price (D-LMP) determines the cost of electricity at each node in the electrical network. The D-LMP is comprised of the cost of energy, cost of losses, and a renewable energy premium. The renewable premium is an adjustable function to compensate `green' distributed generation. A D-LMP is derived and formulated from the PJM model, as well as several alternative formulations. The logistics and infrastructure an implementation is briefly discussed. This study also takes advantage of the D-LMP real-time pricing to implement distributed storage technology. A storage schedule optimization is developed using linear programming. Day-ahead LMPs and historical load data are used to determine a predictive optimization. A test bed is created to represent a practical electric distribution system. Historical load, solar, and LMP data are used in the test bed to create a realistic environment. A power flow and tabulation of the D-LMPs was conducted for twelve test cases. The test cases included various penetrations of solar photovoltaics (PV), system networking, and the inclusion of storage technology. Tables of the D-LMPs and network voltages are presented in this work. The final costs are summed and the basic economics are examined. The use of a D-LMP can lower costs across a system when advanced technologies are used. Storage improves system costs, decreases losses, improves system load factor, and bolsters voltage. Solar energy provides many of these same attributes at lower penetrations, but high penetrations have a detrimental effect on the system. System networking also increases these positive effects. The D-LMP has a positive impact on residential customer cost, while greatly increasing the costs for the industrial sector. The D-LMP appears to have many positive impacts on the distribution system but proper cost allocation needs further development.
Author: Brian Daniel Kiefer
Publisher:
ISBN:
Category : Electric power distribution
Languages : en
Pages :
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Book Description
This thesis pursues a method to deregulate the electric distribution system and provide support to distributed renewable generation. A locational marginal price is used to determine prices across a distribution network in real-time. The real-time pricing may provide benefits such as a reduced electricity bill, decreased peak demand, and lower emissions. This distribution locational marginal price (D-LMP) determines the cost of electricity at each node in the electrical network. The D-LMP is comprised of the cost of energy, cost of losses, and a renewable energy premium. The renewable premium is an adjustable function to compensate `green' distributed generation. A D-LMP is derived and formulated from the PJM model, as well as several alternative formulations. The logistics and infrastructure an implementation is briefly discussed. This study also takes advantage of the D-LMP real-time pricing to implement distributed storage technology. A storage schedule optimization is developed using linear programming. Day-ahead LMPs and historical load data are used to determine a predictive optimization. A test bed is created to represent a practical electric distribution system. Historical load, solar, and LMP data are used in the test bed to create a realistic environment. A power flow and tabulation of the D-LMPs was conducted for twelve test cases. The test cases included various penetrations of solar photovoltaics (PV), system networking, and the inclusion of storage technology. Tables of the D-LMPs and network voltages are presented in this work. The final costs are summed and the basic economics are examined. The use of a D-LMP can lower costs across a system when advanced technologies are used. Storage improves system costs, decreases losses, improves system load factor, and bolsters voltage. Solar energy provides many of these same attributes at lower penetrations, but high penetrations have a detrimental effect on the system. System networking also increases these positive effects. The D-LMP has a positive impact on residential customer cost, while greatly increasing the costs for the industrial sector. The D-LMP appears to have many positive impacts on the distribution system but proper cost allocation needs further development.
Author: David Leinweber
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 24
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Book Description
Real-time pricing of electricity may result in major efficiency improvements in the consumption and production of electric power. It can be realized by using current microelectronic technology to implement a dynamic power marketplace, with low entrance barriers and adaptive pricing reflecting the marginal costs of generation. A complex and interrelated set of technical, political, economic, and regulatory questions surround the notion of real-time pricing of electricity. They are briefly outlined in this paper. A current bibliography of material relevant to these studies is also included. (Author).
Author: Maria Kopsakangas-Savolainen
Publisher: Springer Science & Business Media
ISBN: 1447129717
Category : Science
Languages : en
Pages : 142
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Book Description
Energy has moved to the forefront in terms of societal and economic development. Modern Energy Markets is a comprehensive, economically oriented, exploration of modern electricity networks from production and distribution to deregulation and liberalization processes. Updating previous work by the authors, different aspects are considered resulting in a complete and detailed picture of the systems and characteristics of modern electricity markets. Modern Energy Markets provides clear detail whilst encompassing a broad scope of topics and includes: •A method to model energy production systems including the main characteristics of future demand side management, •Different applications of this model in nuclear and renewable energy scenarios, •An analysis of Real-Time Pricing of electricity and its potential effects across the market, and, •A discussion of the need for regulation in an easily monopolized industry. Engineering and Economics students alike will find that Modern Energy Markets is a succinct and informative resource, as will researchers interested in environmental and energy issues. The inclusion of timely and relevant issues related to economic decision will also be of value to industry and civil officials.
Author: Jeremiah Peter Connolly
Publisher:
ISBN:
Category :
Languages : en
Pages : 158
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Book Description
Real-time retail pricing (RTP) of electricity, in which the retail price is allowed to vary with very little time delay in response to changes in the marginal cost of generation, offers expected short-run and long-run benefits at the societal level. While the effects of RTP on most market participants have been examined previously, its effects on a) renewable generator revenues and b) power sector emissions are not well understood. This thesis presents a counterfactual model of the new England wholesale power market, including within-hour consumer price response, to analyze revenues under RTP for four renewable test cases and emissions of CO2, SO2, and NOx. Assuming a moderate consumer price-response ( e = -0.3), I find that revenues for both wind and solar cases will decrease by about 3%, a smaller loss than that expected by the generation sector as a whole (~ 6%) or by peak generators ( ~ 55%). In the same scenario, RTP is expected to decrease emissions of CO2, SO2, and NOx by 2-3% in the short-run. These results are qualitatively robust across a range of elasticities and other input parameters. A discussion of the political barriers to RTP highlights interest group pressure from peak generators and the framing of gains and losses for consumers. These barriers are likely to attract significant policymaker attention in RTP discussions, but the results of my empirical analysis show the need to also consider how RTP may interfere with the ability to achieve other policy objectives, including promoting renewable energy and reducing emissions.
Author: Maxwell G. Dondo
Publisher:
ISBN:
Category :
Languages : en
Pages : 460
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Book Description
Author: Ned Mohan
Publisher: John Wiley & Sons
ISBN: 1119844894
Category : Science
Languages : en
Pages : 325
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Book Description
Electric Power Systems with Renewables Concise, balanced, and fundamentals-based resource providing coverage of power system operation and planning, including simulations using PSS®E software Electric Power Systems with Renewables provides a comprehensive treatment of various topics related to power systems with an emphasis on renewable energy integration into power systems. The updated use cases and methods in the book build upon the climate change science and renewables currently being integrated with the grid and the ability to manage resilience for electrifying transportation and related power systems as societies identify more ways to move towards a carbon-free future. Simulation examples and software support are provided by integrating the educational version of PSS®E. The newly revised edition includes new topics on the intelligent use of PSS®E simulation software, presents a short introduction to Python (a widely used software in the power industry), and provides new examples and back-of-the-chapter homework problems to further aid in information retention. Written by two highly qualified authors with significant experience in the field, Electric Power Systems with Renewables also contains information on: Electric energy and the environment, covering hydro power, fossil-fuel based power plants, nuclear power, renewable energy, and distributed generation (DG) Power flow in power system networks covers basic power flow equations, the Newton-Raphson procedure, sensitivity analysis, and a new remote bus voltage control concept Transformers and generators in power systems, covering basic principles of operation, a simplified model, and per-unit representation High voltage DC (HVDC) transmission systems-current-link, and voltage-link systems Associated with this textbook, there is a website from which the simulation files can be downloaded for use in PSS®E and Python. It also contains short videos to simplify the use of these software. This website will be regularly updated. Electric Power Systems with Renewables serves as a highly useful textbook for both undergraduate and graduate students in Electrical and Computer Engineering (ECE). It is also an appropriate resource for students outside of ECE who have the prerequisites, such as in mechanical, civil, and chemical engineering. Practicing engineers will greatly benefit with its industry-relevant approach to meet the present-day needs.
Author: Yinliang Xu
Publisher: John Wiley & Sons
ISBN: 1119534887
Category : Science
Languages : en
Pages : 352
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Book Description
Go in-depth with this comprehensive discussion of distributed energy management Distributed Energy Management of Electrical Power Systems provides the most complete analysis of fully distributed control approaches and their applications for electric power systems available today. Authored by four respected leaders in the field, the book covers the technical aspects of control, operation management, and optimization of electric power systems. In each chapter, the book covers the foundations and fundamentals of the topic under discussion. It then moves on to more advanced applications. Topics reviewed in the book include: System-level coordinated control Optimization of active and reactive power in power grids The coordinated control of distributed generation, elastic load and energy storage systems Distributed Energy Management incorporates discussions of emerging and future technologies and their potential effects on electrical power systems. The increased impact of renewable energy sources is also covered. Perfect for industry practitioners and graduate students in the field of power systems, Distributed Energy Management remains the leading reference for anyone with an interest in its fascinating subject matter.
Author: James M. Griffin
Publisher: University of Chicago Press
ISBN: 0226308588
Category : Business & Economics
Languages : en
Pages : 453
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Book Description
The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process—in fact, it requires a substantial amount of design and regulatory oversight. This collection brings together leading experts from academia, government, and big business to discuss the lessons learned from experiences such as California's market meltdown as well as the ill-conceived policy choices that contributed to those failures. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the successful design of deregulated electricity markets. Written with economists and professionals associated with each of the network industries in mind, this comprehensive volume provides a timely and astute deliberation on the many risks and rewards of electricity deregulation.
Author: Fushuan Wen
Publisher: Springer Nature
ISBN: 9819770475
Category :
Languages : en
Pages : 644
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Book Description
Author: Christopher Weare
Publisher: Public Policy Instit. of CA
ISBN: 1582130647
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
