Optimal pooling of renewable energy sources with a risk-averse approach: Implications for US energy portfolio

The increasing share of renewable energy sources, such as wind and solar generation, has a direct impact on the planning and operation of power systems. In addition, the consideration of risk criteria within the decision support tools used by market participants (generation companies, energy services companies, and arbitrageurs) is becoming a common activity given the increasing level of uncertainties faced by them. As a consequence, the behavior of market participants is affected by their level of risk aversion, and the application of equilibrium-based models is a common technique used in order to simulate their behavior. This paper presents a multi-stage market equilibrium model of risk-averse agents in order to analyze up to what extent the operation of hydro reservoirs can be affected by the risk-averse profile of market participants in a context of renewable energy source penetration and fuel price volatility.

Download Full-text

Renewable Energy Sources

IEE Review ◽

10.1049/ir:19910071 ◽

1991 ◽

Vol 37 (4) ◽

pp. 152

Author(s):

Kenneth Spring

Keyword(s):

Renewable Energy ◽

Renewable Energy Sources ◽

Energy Sources

Download Full-text

Large Scale Grid Integration of Renewable Energy Sources

10.1049/pbpo098e ◽

2017 ◽

Cited By ~ 2

Keyword(s):

Renewable Energy ◽

Large Scale ◽

Renewable Energy Sources ◽

Energy Sources ◽

Grid Integration ◽

Large Scale Grid ◽

Scale Grid

Download Full-text

Ecological-economic preconditions for organization of energy supply when pumping oil and oil products using renewable energy sources

Automation Telemechanization and Communication in Oil Industry ◽

10.33285/0132-2222-2019-5(550)-44-52 ◽

2019 ◽

pp. 44-52

Author(s):

B.V. Ermolenko ◽

◽

N.D. Filimonova ◽

Keyword(s):

Renewable Energy ◽

Energy Supply ◽

Renewable Energy Sources ◽

Oil Products ◽

Energy Sources ◽

Ecological Economic ◽

Oil And Oil Products

Download Full-text

Power Projects and Covid-19: A Practical Analysis of the Relevance of Force Majeure Clauses under the Standardised Power Purchase and Implementation Agreements of Uganda

Global Energy Law and Sustainability ◽

10.3366/gels.2020.0026 ◽

2020 ◽

Vol 1 (2) ◽

pp. 189-193

Author(s):

Aisha Naiga ◽

Loyola Rwabose Karobwa

Keyword(s):

Renewable Energy ◽

Renewable Energy Sources ◽

Clean Energy ◽

The State ◽

Energy Sources ◽

Policy Goals ◽

Force Majeure ◽

Practical Analysis ◽

Energy Justice

Over 90% of Uganda's power is generated from renewable sources. Standardised Implementation Agreements and Power Purchase Agreements create a long-term relationship between Generating Companies and the state-owned off-taker guaranteed by Government. The COVID-19 pandemic and measures to curb the spread of the virus have triggered the scrutiny and application of force majeure (FM) clauses in these agreements. This article reviews the FM clauses and considers their relevance. The authors submit that FM clauses are a useful commercial tool for achieving energy justice by ensuring the continuity of the project, despite the dire effects of the pandemic. Proposals are made for practical considerations for a post-COVID-19 future which provides the continued pursuit of policy goals of promoting renewable energy sources and increasing access to clean energy, thus accelerating just energy transitions.

Download Full-text