Incentives to value the dispatchable fleet’s operational flexibility across energy markets PDF Download
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Author: Eglantine Künle
Publisher: Cuvillier Verlag
ISBN: 3736988907
Category : Technology & Engineering
Languages : en
Pages : 208
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Book Description
The work at hand participates with the energy transition toward decarbonized electricity production by providing a method to analyze the incentives for the dispatchable fleet to provide flexibility. It analyzes the signals set by the energy markets to investors and power plant operators regarding flexible power plant operation and the future requirement of thermal plant flexibilisation, with improvement suggestions. A method for the quantitative, long-term, high-resolution techno-economic assessment of an individual power plant’s operational flexibility is proposed. It includes the single unit self-scheduling problem of a merchant power plant solved from a price-taker perspective in the day-ahead, intraday and frequency control markets, as well as a parametric power plant model suited for operational flexibility assessments. The retroactive observation of the merchant power plants’ operation strategies in these markets is used to identify best practices in terms of market design for flexibility incentives. The value of operational flexibility improvements is quantified using various metrics, for different technologies and market environments. Despite their sensitivity to market design, technologies and cost structures, these results indicate that if investors further expect a three to five-year return on investment, the existing European conventional fleet is unlikely to experience a significant flexibilization.
Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 902
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Book Description
Author: Serguei Netessine
Publisher: Springer Science & Business Media
ISBN: 0387980261
Category : Business & Economics
Languages : en
Pages : 488
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Book Description
This important book is by top scholars in supply chain management, revenue management, and e-commerce, all of which are grounded in information technologies and consumer demand research. The book looks at new selling techniques designed to reach the consumer.
Author: Tiago Pinto
Publisher: MDPI
ISBN: 303943649X
Category : Technology & Engineering
Languages : en
Pages : 190
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Book Description
The synergy between artificial intelligence and power and energy systems is providing promising solutions to deal with the increasing complexity of the energy sector. Multi-agent systems, in particular, are widely used to simulate complex problems in the power and energy domain as they enable modeling dynamic environments and studying the interactions between the involved players. Multi-agent systems are suitable for dealing not only with problems related to the upper levels of the system, such as the transmission grid and wholesale electricity markets, but also to address challenges associated with the management of distributed generation, renewables, large-scale integration of electric vehicles, and consumption flexibility. Agent-based approaches are also being increasingly used for control and to combine simulation and emulation by enabling modeling of the details of buildings’ electrical devices, microgrids, and smart grid components. This book discusses and highlights the latest advances and trends in multi-agent energy systems simulation. The addressed application topics include the design, modeling, and simulation of electricity markets operation, the management and scheduling of energy resources, the definition of dynamic energy tariffs for consumption and electrical vehicles charging, the large-scale integration of variable renewable energy sources, and mitigation of the associated power network issues.
Author: Ye Yujian
Publisher: Springer Nature
ISBN: 981191964X
Category : Technology & Engineering
Languages : en
Pages : 188
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Book Description
This book provides carefully designed illustrative examples to explain the profound in simpler terms. The emerging smart grid paradigm has paved the way for the wide introduction of flexible demand (FD) and energy storage (ES) technologies in power systems, with significant economic, technical, and environmental benefits that will facilitate efficient transition to the low-carbon future. In the deregulated energy sector, the realization of the significant FD and ES flexibility potential should be coupled with their suitable integration in electricity markets. In this context, previous studies have proposed market clearing mechanisms considering FD and ES participation and demonstrated their impact on the system operation. However, these studies have neglected fundamental market complexities, such as modeling and pricing FD non-convexities as well as modeling and analyzing the role of FD and ES in imperfect markets. This book is dedicated to address the above challenges through the development of novel computational methodologies. It also provides numerous explanatory figures, tables, algorithm flowcharts, and block diagrams for visual aid, which helps the readers to better grasp the working principles of the developed algorithms as well as to form a comprehensive comparison of results.
Author: Bálint Németh
Publisher:
ISBN: 9783030378196
Category : Electronics
Languages : en
Pages : 115
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Book Description
This open access book comprises 10 high-level papers on research and innovation within the Flexitranstore Project that were presented at the FLEXITRANSTORE special session organized as part of the 21st International Symposium on High Voltage Engineering. FLEXITRANSTORE (An Integrated Platform for Increased FLEXIbility in smart TRANSmission grids with STORage Entities and large penetration of Renewable Energy Sources) aims to contribute to the development of a pan-European transmission network with high flexibility and high interconnection levels. This will facilitate the transformation of the current energy production mix by hosting an increasing share of renewable energy sources. Novel smart grid technologies, control and storage methods, and new market approaches will be developed, installed, demonstrated, and tested introducing flexibility to the European power system. FLEXITRANSTORE is developing a next-generation Flexible Energy Grid (FEG) that will be integrated into the European Internal Energy Market (IEM) through the valorization of flexibility services. This FEG addresses the capabilities of a power system to maintain continuous service in the face of rapid and large swings in supply or demand. As such, a wholesale market infrastructure and new business models within this integrated FEG must be upgraded for network players, and offer incentives for new ones to join, while at the same time demonstrating new business perspectives for cross-border resource management and energy trading.
Author: Fernando Lopes
Publisher: Springer
ISBN: 3319742639
Category : Technology & Engineering
Languages : en
Pages : 342
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Book Description
This book describes the common ground between electricity markets (EMs) and software agents (or artificial intelligence generally). It presents an up-to-date introduction to EMs and intelligent agents, and offers a comprehensive description of the research advances and key achievements related to existing and emerging market designs to reliably and efficiently manage the potential challenges of variable generation (VG). Most EMs are unique in their complex relationships between economics and the physics of energy, but were created without the notion that large penetrations of variable generation (VG) would be part of the supply mix. An advanced multi-agent approach simulates the behavior of power markets over time, particularly markets with large-scale penetrations of renewable resources. It is intended as a reference book for researchers, academics and industry practitioners, but given the scope of the chapters and the highly accessible style, the book also provides a coherent foundation for several different graduate courses.
Author: Mullin, Bernard J.
Publisher: Human Kinetics
ISBN: 1450424988
Category : Business & Economics
Languages : en
Pages : 504
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Book Description
Sport Marketing, Fourth Edition With Web Study Guide, has been streamlined and updated to keep pace with the latest information and issues in the competitive world of sport marketing. This text maintains its position as the best-selling and original text in the field, continuing to direct students to a better understanding of the theoretical backbone that makes sport marketing such a unique and vibrant subject to study. Using the new full-color format and companion web study guide, students will stay engaged as they explore how fans, players, coaches, the media, and companies interact to drive the sport industry.
Author: Marin Muzhani
Publisher: Vernon Press
ISBN: 1622731778
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
This book compares and contrasts flexible versus fixed exchange rate regimes. Beginning with their theoretical justifications, it showcases their observed advantages and disadvantages as they played out in the currency crises of the 1990s and early 2000s across Asia, Europe and Latin America. An analysis of the drivers and implications of these crises singles out fast-paced liberalization and globalization as having played central roles. Moreover it sheds light on some of the factors contributing to the 2008 financial crisis and the key monetary events in its aftermath. An accessible, yet rigorous discussion, supported by extensive evidence, helps readers reach their own conclusions regarding the respective merits of alternative exchange rate systems.
Author: Nordic Council of Ministers
Publisher: Nordic Council of Ministers
ISBN: 9289352604
Category : Science
Languages : en
Pages : 83
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Book Description
Demand side flexibility is the ability of power consumers to reduce their demand in periods of peak load, possibly shifting demand to other periods. The organisation for the Nordic energy regulators, NordREG, has ordered this study to explore demand side flexibility in a Nordic perspective. The study contains a literature survey of demand side flexibility and assess the potential for, and benefit of demand side flexibility. Based on the survey, the report highlights implementation barriers and possible contributions from to reducing these barriers. Existing barriers are e.g lack of ICT, automation services, smart meters and real-time prices. The greatest potential for demand side flexibility in the Nordics is within residential space heating. The value of demand side flexibility is uncertain, but may be 1–2 billion SEK per year.
Author: David Koffman
Publisher: Transportation Research Board
ISBN: 0309070104
Category : Bus lines
Languages : en
Pages : 71
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Book Description
TRB's Transit Cooperative Research Program (TCRP) Synthesis 53: Operational Experiences with Flexible Transit Services examines transit agency experiences with "flexible transit services," including all types of hybrid services that are not pure demand-responsive (including dial-a-ride and Americans with Disabilities Act paratransit) or fixed-route services, but that fall somewhere in between those traditional service models.
