Conditionally independent increment processes for modeling electricity prices with regard to renewable power generation

2021 ◽  
pp. 105244
Author(s):  
Daniel Lingohr ◽  
Gernot Müller
Author(s):  
Sikke Klein ◽  
Femke van Deursen

Abstract Combined heat and power (CHP) is a very efficient way to generate both power and heat. However due to the increase in renewable power, the position of CHP in the energy system shifts: 1) the benefits of low effective CO2 emissions and low primary fuel consumption decrease and 2) the income from the generated power will show stronger fluctuations and will generally decrease. Most CHP plants have shifted from base load operation to flexible operation on the power market to cope with these challenges. But due to the requirement for stable heat supply, flexible operation is more challenging than for a CCGT plant. Significant flexibilization of CHP plants can be achieved by the integration with power to heat (P2H): the heat supply requirement enables the opportunity to create value out of low electricity prices during periods of excess renewable power generation using hybrid CHP-P2H-operation while during hours with high electricity prices and relatively low renewable power generation the CHP plant can run economically in its original configuration. In this paper a study is executed on the implementation of P2H in an industrial CHP plant for four different configurations, varying from a ‘simple’ external electrical boiler to a full integration using air preheating and flue gas heating. The added flexibility and reduction of fuel consumption of these configurations have been calculated. The economic analysis identified the imbalance market as the most attractive option for a hybrid CHP-P2H installation. The maximum income is generated by the CHP-P2H configuration that combines an inlet air preheater with electrical duct firing. P2H appears to be a technical feasible option to make existing CHP installations fit for operation on a power market with an increasing share of renewable power.


Author(s):  
András Mezősi

A tanulmány arra keresi a választ, hogy a megújuló alapú áramtermelők támogatása csökkentőleg hathat- e a villamos energia nagykereskedelmi és kiskereskedelmi árára. Ez utóbbi tartalmazza a megújulók támogatásának összegét is. Számos elméleti cikk rámutatott arra, hogy nemcsak a nagykereskedelmi árak, hanem a kiskereskedelmi villamosenergia-árak is csökkenhetnek a drágább, megújuló alapú áramtermelők támogatása révén. A tanulmány során egy villamosenergia-piacokat szimuláló modell segítségével modellezi a szerző, hogy a különböző mennyiségű szélerőművi és fotovoltaikus kapacitás támogatása hogyan hat a magyarországi nagykereskedelmi és kiskereskedelmi árakra. _____ Impact of the Hungarian renewable based power generation on electricity price The aim of this paper is to answer the question whether the support of renewable power generation could decrease the wholesale and retail electricity prices. The latter one includes the support of renewables. Several studies point out that not only the wholesale, but the retail electricity prices could decrease when supporting the more expensive, renewable power generation. A model, which simulates the electricity markets, is used in order to analyse the impact of different level of wind and photo voltaic power generator support fee on Hungarian wholesale and retail electricity prices.


Author(s):  
Sharmini Nakkela

Abstract: Modern study about utilizing energy from renewable energy sources was stimulus due to emerging oil crisis in older days due to uncontrolled use of conventional energy sources. Renewable Power Generation from wind and solar energy has become a significant proportion for the overall power generation in the grid. High penetration of Renewable Power Generation (RPG’s) effectreliable operation of bulk power system due to fluctuation of frequency and voltage of the network. The main objectives of high penetration of Renewable Power Generations in distribution system are Regulation of voltage, Mitigating voltage fluctuations due to flickers and Frequency control. The design and control of voltage regulation system using smart loads (SL’s) under large penetration of renewable energy system in distribution level is to be studied with the help of FACT devices like Static Compensator (STATCOM) and It is one of the fast active devices with accurate voltage regulation capability and most importantly for the sensitive/critical loads. Electric spring (ES) is proposed as compelling technique for guideline of framework voltage under fluctuating RPG's with next to no guide of correspondence framework [1]. It is a converter-based framework with self-commutated switches in span design, which is associated with non-basic burdens in series to go about as savvy load. These Smart Loads are controlled to direct voltage across basic burdens and hence partaking popular side administration. Expanded entrance of RPG’s, basically factor speed wind energy transformation framework is having impact on voltage and power quality [1][2]. In this paper, A contextual analysis of impact of variable speed wind energy framework on voltage is completed and which is demonstrated with fluctuating breeze speed. Execution examination of keen burdens are to be contrasted and existing receptive power compensator burdens and Improvement in voltage profile on test feeder is directed on a 3 Bus system and 15 Bus system. Keywords: Renewable energy system (RES), Electric spring (ES), STATCOM, Voltage Flicker, Smart load


2018 ◽  
Vol 29 (4) ◽  
pp. e2785 ◽  
Author(s):  
Jitendra Kumar Tandekar ◽  
Amit Ojha ◽  
Souvik Das ◽  
Pankaj Swarnkar ◽  
Shailendra Jain

Sign in / Sign up

Export Citation Format

Share Document