Allocating the cost of transient stability constraint relief in bilateral electricity markets

2011 ◽  
Vol 5 (11) ◽  
pp. 1124 ◽  
Author(s):  
M. Kheradmandi ◽  
R. Feuillet ◽  
M. Ehsan ◽  
N. Hadj-Saied
Keyword(s):  
Electricity Markets ◽  
Transient Stability ◽  
Stability Constraint ◽  
The Cost

Analysis on the Penetration Level of Wind Farm Considering Transient Stability Constraint and Uncertainty of Wind Power

2020 ◽  
Vol 13 (7) ◽  
pp. 1078-1086
Author(s):  
Bai Hao ◽  
Huang Andi ◽  
Zhou Changcheng
Keyword(s):  
Wind Power ◽  
Energy Function ◽  
Wind Farm ◽  
Transient Stability ◽  
Programming Model ◽  
Forecast Error ◽  
Credibility Theory ◽  
Mixed Integer ◽  
Stability Constraint ◽  
Level Problem

Background: The penetration level of a wind farm with transient stability constraint and static security constraint has been a key problem in wind power applications. Objective: The study explores maximum penetration level problem of wind considering transient stability constraint and uncertainty of wind power out, based on credibility theory and corrected energy function method. Methods: According to the corrected energy function, the transient stability constraint of the power grid is transferred to the penetration level problem of a wind farm. Wind speed forecast error is handled as a fuzzy variable to express the uncertainty of wind farm output. Then this paper builds a fuzzy chance-constrained model to calculate wind farm penetration level. To avoid inefficient fuzzy simulation, the model is simplified to a mixed integer linear programming model. Results: The results validate the proposed model and investigate the influence of grid-connection node, wind turbine characteristic, fuzzy reliability index, and transient stability index on wind farm penetration level. Conclusion: The result shows that the model proposed in this study can consider the uncertainty of wind power out and establish a quantitative transient stability constraint to determine the wind farm penetration level with a certain fuzzy confidence level.

The Mitigation of the French Nuclear Option: New Industrial Realism and Technical Democracy

2002 ◽  
Vol 13 (2) ◽  
pp. 263-279 ◽  
Author(s):  
Dominique Finon
Keyword(s):  
Waste Management ◽  
Electricity Markets ◽  
Social Preferences ◽  
Public Inquiry ◽  
The Future ◽  
Parliamentary Committee ◽  
Set Up ◽  
The Stability ◽  
The Cost ◽  
Phase Out

Nuclear phase-out policies and the European obligation to liberalise electricity markets could put the French nuclear option dramatically at risk by influencing social preferences or by constraining power producers' investment choices in the future. So far, the particular institutional set-up which has allowed the efficient build-up and operation of several series of standardised reactors preserves the stability of the main elements of the option. However, important adaptations to the evolving industrial and political environment occur and contribute to changing the option. Some institutional changes (such as local public inquiry, creation of a Parliamentary committee, independence of safety authorities) and divergence between industrial interests already allow debates on internal options such as reprocessing, type of waste management deposits, ordering of an advanced PWR. These changes improve the cost transparency, even if internalisation of nuclear externalities (cost of insurance, provisions for waste management) is still incomplete. However, when effective, this internalisation would not affect definitively the competitive position of the nuclear production because of the parallel internalisation of CO2 externalities from fossil fuel power generation in the official rationale. Consequently the real issue for the future of the nuclear option in France remains the preservation of social acceptability in the perception of nuclear risks.

Optimal Comprehensive Control of Prevention and Emergency Based on DSR and Probabilistic Insecurity Measurement

2013 ◽  
Vol 694-697 ◽  
pp. 1237-1240
Author(s):  
Huai Dong Liu ◽  
Wei Feng ◽  
An Chang ◽  
Wen Shuang Liu ◽  
Qing Li ◽  
...  
Keyword(s):  
Transient Stability ◽  
Linear Optimization ◽  
Stability Control ◽  
Optimization Strategy ◽  
Improved Genetic Algorithm ◽  
Preventive Control ◽  
Emergency Control ◽  
Security Region ◽  
The Cost ◽  
Dynamic Security Region

Transient stability control of power system is a non-linear optimization problem which contains many constraints. Considering the cost of preventive control, emergency control and the following restorative control synthetically, a model of preventive control and emergency control based on DSR(Dynamic Security Region) and probabilistic insecurity measurement is proposed in the paper, and the optimal operating point of the system was obtained by using the improved genetic algorithm. In the end, the feasibility of the model and optimization strategy are verified by the case of the IEEE 4-generators 11-nodes system. Simulation show that the cost of comprehensive control of prevention and emergency is 13.2% less than the case that without the consideration of the random factors of the fault.

scholarly journals COST-DEPENDENT ELECTRIC CONSUMPTION AS A TOOL OF RISK MANAGEMENT OF NON-PAYMENT FOR ELECTRIC ENERGY OF INDUSTRIAL ENTERPRISES

2019 ◽  
pp. 8-19
Author(s):  
A. P. Dzyuba ◽  
I, A. Soloveva
Keyword(s):  
Power Consumption ◽  
Electricity Markets ◽  
Economic Effect ◽  
Electric Energy ◽  
Electricity Consumption ◽  
Machine Building ◽  
Industrial Equipment ◽  
Cost Of Electricity ◽  
Industrial Enterprises ◽  
The Cost

The growth of indebtedness of industrial enterprises operating in conditions of economic instability for consumed electricity and the sanctions imposed by the energy supplying organizations for late payments, determine the urgency of the problem of managing the risks of non-payment for energy from industrial enterprises. The article is devoted to the description of the method developed by the authors for managing the risks of non-payment of industrial enterprises for consumed electricity, based on the principles of price-dependent electricity consumption. Based on the study of the mechanism of formation of the cost of electricity purchased by industrial enterprises in the wholesale and retail electricity markets, special methods were proposed to control each component of the cost of electricity: electrical energy, electrical power, electricity transmission services. It justifies the need to develop options for operating modes of industrial equipment, such as nominal load mode, load limiting mode, technological minimum load, in order to effectively implement and use price-dependent power consumption in crisis conditions.Modeling scenarios of price-dependent demand management for power consumption is made on the example of a machine-building enterprise and the calculation and component-wise analysis of the economic effect of price-dependent management and the factors influencing its formation are carried out. The developed method allows you to effectively manage the risks of non-payment of industrial enterprises for electricity, as well as minimize the risks of restricting the supply of electricity to industrial facilities and disruptions in the operation of industrial equipment.

The competitiveness of nuclear energy in an era of liberalized markets and restrictions on greenhouse-gas emissions

2009 ◽  
pp. 37-62
Author(s):  
Luigi De Paoli ◽  
Francesco Gulli
Keyword(s):  
Electricity Markets ◽  
Electricity Generation ◽  
Nuclear Power ◽  
Power Plants ◽  
Nuclear Energy ◽  
Fossil Fuels ◽  
Levelized Cost Of Electricity ◽  
Cost Of Electricity ◽  
Generation Costs ◽  
The Cost

- The debate on the benefits of nuclear energy revolves around the very competitiveness of this energy source. This article tries to show why it is not easy to answer unambiguously the question whether or not it is convenient to resort to nuclear power in a given country. After listing the factors on which the cost of electricity generation rests and discussing the range of probability of their value, the levelized cost of electricity generation from nuclear, coal and gas-fired plants is calculated using the Monte Carlo method. The results show that nuclear power is likely to be competitive, especially if policies to combat CO2 emissions will continue in the coming decades. There are, however, some margins of uncertainty, mainly related, to the one hand, to the cost of nuclear plants, that depends on the socio-institutional context, and on the other, to the fossil fuels cost, that are inherently difficult to anticipate even on average. Finally it is noted that the context of liberalized electricity markets may make it more difficult for investors to accept the risk of investing in nuclear power plants and for the community to socialize some of the costs associated with this technology.Key words: Nuclear energy, generation costs, Montecarlo method, environmental impacts.JEL classifications: G11, H23, L72, L94, Q31, Q40

scholarly journals Pass-Through of Emissions Costs in Electricity Markets

2014 ◽  
Vol 104 (9) ◽  
pp. 2872-2899 ◽  
Author(s):  
Natalia Fabra ◽  
Mar Reguant
Keyword(s):  
Electricity Markets ◽  
Price Adjustment ◽  
Reduced Form ◽  
Electricity Prices ◽  
Inelastic Demand ◽  
Level Data ◽  
Micro Level ◽  
Optimal Bidding ◽  
Pass Through ◽  
The Cost

We measure the pass-through of emissions costs to electricity prices. We perform both reduced-form and structural estimations based on optimal bidding in this market. Using rich micro-level data, we estimate the channels affecting pass-through in a flexible manner, with minimal functional form assumptions. Contrary to many studies in the general pass-through literature, we find that emissions costs are almost fully passed through to electricity prices. Since electricity is traded through high-frequency auctions for highly inelastic demand, firms have weak incentives to adjust markups after the cost shock. Furthermore, the costs of price adjustment are small. (JEL D44, L11, L94, L98, Q52, Q54)

The Cost of Anarchy in Self-Commitment-Based Electricity Markets

2008 ◽  
pp. 245-266 ◽  
Author(s):  
RAMTEEN SIOSHANSI ◽  
SHMUEL OREN ◽  
RICHARD O'NEILL
Keyword(s):  
Electricity Markets ◽  
The Cost
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