Merit-order effects of renewable energy and price divergence in California’s day-ahead and real-time electricity markets

Energy Policy ◽  
2016 ◽  
Vol 92 ◽  
pp. 299-312 ◽  
Author(s):  
C.K. Woo ◽  
J. Moore ◽  
B. Schneiderman ◽  
T. Ho ◽  
A. Olson ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Real Time ◽  
Electricity Markets ◽  
Order Effects ◽  
Price Divergence

Resource adequacy in interdependent electricity markets undergoing heterogeneous expansion in renewable energy

2019 ◽  
Vol 13 (18) ◽  
pp. 4061-4072 ◽  
Author(s):  
Seyed Alireza Mozdawar ◽  
Asghar Akbari Foroud ◽  
Meysam Amirahmadi
Keyword(s):  
Renewable Energy ◽  
Electricity Markets

scholarly journals Research on Multi-Timescale Coordinated Method for Source-Grid-Load with Uncertain Renewable Energy Considering Demand Response

2021 ◽  
Vol 13 (6) ◽  
pp. 3400
Author(s):  
Jia Ning ◽  
Sipeng Hao ◽  
Aidong Zeng ◽  
Bin Chen ◽  
Yi Tang
Keyword(s):  
Renewable Energy ◽  
Real Time ◽  
Demand Response ◽  
System Operation ◽  
Real Time Scheduling ◽  
High Penetration ◽  
Time Scheduling ◽  
Grid Load ◽  
Grid Side ◽  
Scheduling Models

The high penetration of renewable energy brings great challenges to power system operation and scheduling. In this paper, a multi-timescale coordinated method for source-grid-load is proposed. First, the multi-timescale characteristics of wind forecasting power and demand response (DR) resources are described, and the coordinated framework of source-grid-load is presented under multi-timescale. Next, economic scheduling models of source-grid-load based on multi-timescale DR under network constraints are established in the process of day-ahead scheduling, intraday scheduling, and real-time scheduling. The loads are classified into three types in terms of different timescale. The security constraints of grid side and time-varying DR potential are considered. Three-stage stochastic programming is employed to schedule resources of source side and load side in day-ahead, intraday, and real-time markets. The simulations are performed in a modified Institute of Electrical and Electronics Engineers (IEEE) 24-node system, which shows a notable reduction in total cost of source-grid-load scheduling and an increase in wind accommodation, and their results are proposed and discussed against under merely two timescales, which demonstrates the superiority of the proposed multi-timescale models in terms of cost and demand response quantity reduction.

scholarly journals Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets

Energies ◽  
2021 ◽  
Vol 14 (7) ◽  
pp. 1877
Author(s):  
Widha Kusumaningdyah ◽  
Tetsuo Tezuka ◽  
Benjamin C. McLellan
Keyword(s):  
Renewable Energy ◽  
Electricity Markets ◽  
Service Systems ◽  
Energy Market ◽  
Energy Product ◽  
Simulation Based Design ◽  
Product Service ◽  
Simulation Based ◽  
Sustainable Renewable Energy ◽  
Product Service Systems

Energy transitions are complex and involve interrelated changes in the socio-technical dimensions of society. One major barrier to renewable energy transitions is lock-in from the incumbent socio-technical regime. This study evaluates Energy Product–Service Systems (EPSS) as a renewable energy market mechanism. EPSS offer electricity service performance instead of energy products and appliances for household consumers. Through consumers buying the service, the provider company is enabled to choose, manage and control electrical appliances for best-matched service delivery. Given the heterogenous market players and future uncertainties, this study aims to identify the necessary conditions to achieve a sustainable renewable energy market. Simulation-Based Design for EPSS framework is implemented to assess various hypothetical market conditions’ impact on market efficiency in the short term and long term. The results reveal the specific market characteristics that have a higher chance of causing unexpected results. Ultimately, this paper demonstrates the advantage of implementing Simulation-Based Design for EPSS to design retail electricity markets for renewable energy under competing market mechanisms with heterogenous economic agents.

scholarly journals Operational and financial performance of fossil fuel power plants within a high renewable energy mix

2017 ◽  
Vol 1 ◽  
pp. 2BIOTO ◽  
Author(s):  
Patrick Eser ◽  
Ndaona Chokani ◽  
Reza S. Abhari
Keyword(s):  
Renewable Energy ◽  
Financial Performance ◽  
Electricity Markets ◽  
Power Plants ◽  
Energy System ◽  
Renewable Power ◽  
High Penetration ◽  
Demand Models ◽  
Wide Range ◽  
Coal Power Plants

AbstractThe operation of conventional power plants in the 2030 high-renewable energy system of central Europe with high penetration of renewables is simulated in this work. Novel insights are gained in this work, since the generation, transmission and demand models have high geographic resolution, down to scale of individual units, with hourly temporal resolution. It is shown that the increases in the partload efficiency that optimize gas power plants’ financial performance in 2030 are highly dependent on the variability in power production of renewable power plants that are in close proximity to the gas power plants. While coal power plants are also cycled more, an increased baseload efficiency is more beneficial for their financial viability. Thus, there is a need for OEMs to offer a wide range of technology solutions to cover all customers’ needs in electricity markets with high penetrations of renewables. Therefore there is an increased investment risk for OEMs as they strive to match their customers’ future needs.

scholarly journals Experimental Analysis of Modified DC-P&O Technique with Arm Controller for a Stand-Alone 40 W PV System

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6169
Author(s):  
Ashish Kumar Singhal ◽  
Narendra Singh Beniwal ◽  
Khalid Almutairi ◽  
Joshuva Arockia Dhanraj ◽  
Ali Mostafaeipour ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Real Time ◽  
Renewable Energy Sources ◽  
Duty Ratio ◽  
Resistive Load ◽  
Renewable Energy Resources ◽  
Pv System ◽  
The Real ◽  
Fast Tracking ◽  
Pv Panel

The world is moving towards the generation of electricity with renewable energy sources (RES) due to the deterioration of the green environment and trying to replace non-renewable energy resources. The real-time results are achieved with the help of an arm controller, having good controller efficiency with the Waijung toolbox, compatible with MATLAB using STM32ST-link utility. In this paper, the authors are focused on areas such as easy to implement controller efficiency, and real-time solutions for modified direct-control perturbation & observation (DC-P&O) technique based on 32- bit ARM Cortex microcontroller (STM32F407VGT6) with embedded programming using Waijung blocksets, which offers very expected outcomes of the problem to make the stand-alone system efficient with fast-tracking. The observation setup is tested with a 40-watt photovoltaic (PV) panel with resistive load for achieving its stability. The designed algorithm enhances the efficiency of the controller by 84.48% for the real-time parameters of the PV panel at maximum power point (MPP) for a 57% duty ratio.

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