Electricity production as an effective solution for associated petroleum gas utilization in the reformed Russian electricity market

2015 ◽  
Author(s):  
Evgenia Vanadzina ◽  
Olga Gore ◽  
Satu Viljainen ◽  
Veli-Pekka Tynkkynen
Keyword(s):  
Electricity Market ◽  
Electricity Production ◽  
Effective Solution ◽  
Associated Petroleum Gas ◽  
Gas Utilization

Analyzing the impact of fossil fuel import reliance on electricity prices: The case of the Iberian Electricity Market

2017 ◽  
Vol 28 (7) ◽  
pp. 687-705 ◽  
Author(s):  
Blanca Moreno ◽  
María T García-Álvarez
Keyword(s):  
Carbon Dioxide ◽  
Electricity Market ◽  
Fossil Fuel ◽  
Carbon Dioxide Emission ◽  
High Energy ◽  
Electricity Production ◽  
The European Union ◽  
Electricity Prices ◽  
The Impact ◽  
The Eu

Spain and Portugal are highly dependent on energy from abroad, importing more than 70% of all the energy they consume. This high energy dependence could involve important effects on the level and stability of their electricity prices as a half the gross electricity generated in both countries came from power stations using imported combustible fuels (such as natural gas, coal and oil). In general, changes in the prices of these fossil fuels can directly affect household electricity prices, since generation costs are likely to be transmitted through to the wholesale electricity market. Moreover, in the framework of the European Union Emission Trading System, electricity production technologies tend to incorporate their costs of carbon dioxide emission allowances in sale offers with the consequent increase of the electricity prices. The objective of this paper is to analyze the influence of fossil fuel costs and prices of carbon dioxide emission allowances in the EU on the Spanish and Portuguese electricity prices. With this aim, a maximum entropy econometric approach is used. The obtained results indicate that not only the price of imported gas are very important in explaining Spanish and Portuguese electricity prices but also the price of carbon dioxide emission allowances in the EU.

scholarly journals APPLICATION OF METHODS OF ASSOCIATED PETROLEUM GAS UTILIZATION FOR THE EASTERN SIBERIA

2016 ◽  
pp. 93-97
Author(s):  
D. G. Lapin ◽  
D. A. Fomin ◽  
B. B. Kvesko
Keyword(s):  
Oil And Gas ◽  
Combustion Products ◽  
Oil Reservoir ◽  
Eastern Siberia ◽  
Gas Generator ◽  
Associated Petroleum Gas ◽  
Associated Gas ◽  
Gas Utilization ◽  
Oil And Gas Companies ◽  
Theoretical Amount

The article considers the most effective and environmentally friendly methods of utilization of associated petroleum gas (APG) for advanced oil and gas companies, as well as the developed method of utilization of associated gas using downhole steam-gas generator. The downhole steamgas generator burns APG at the bottomhole in the combustion chamber, and the combustion products - nitrogen and carbon dioxide - are supplied to the oil reservoir. A method for calculating the theoretical amount of air and combustion products is proposed.

scholarly journals Legal nature of the Power Purchase Agreement at the feed-in-tariff

1970 ◽  
pp. 169-174
Author(s):  
Nataliia Nykytchenko ◽  
Katerina Gordienko
Keyword(s):  
Electricity Market ◽  
Alternative Energy ◽  
Renewable Energy Sources ◽  
State Regulation ◽  
Operating Conditions ◽  
Electricity Production ◽  
Energy Sources ◽  
National Commission ◽  
Renewable Electricity ◽  
Feed In Tariff

The article analyzes the procedure of buying the electricity according to the feed-in-tariff (FIT) and the model («Typovyi») Power Purchase Agreement, in connection with the introduction of a new electricity market and the order of Renewable producers` business. Specific features of the model Power Purchase Agreement conclusion between Renewable producers and the Guaranteed Buyer are defined. It also analyzed the differences between the model Power Purchase Agreement and the oriental agreement as well as researched a mechanism of investors protection who would invest in the Renewable projects. The authors of the article have made a comparative analysis of the different Power Purchase Agreement`s editions, in particular: actual model agreement form and oriental agreement according to which the Renewable producers are no longer work but the provisions contained therein make it possible to analyze the process and the reasons for adoption of the new one form. Effectiveness of a new electricity market introduction from July 1, 2019 depends on the regulation of the activities for all the market participants. Special operating conditions have been provided for the Renewable electricity producers. In particular, with the introduction of a new market, Renewable electricity producers began to sell electricity to the Guaranteed Buyer, the successor of the SE «Energorynok». However, in order to implement the new procedure of work for the Renewable producers, the Regulator needed to approve certain regulatory acts. With this purpose, in September 2018, the National Commission for State Regulation in the Fields of Energy and Utilities published a draft resolution «On approval of regulatory acts regulating the activity of a guaranteed buyer and purchase of electricity at feed-in-tariff», which contained the form a new model contract for the sale of electricity at feed-in-tariff between a Guaranteed buyer and an entity that produces electricity using alternative energy sources as well as the order of purchase and sale of electricity at FIT. As rightly expected, the approval of these regulations is an important element not only for functioning of the new electricity market, but also for the continued growth of electricity production from renewable energy sources and attracting international investments.

scholarly journals Analysis of Competitiveness and Support Instruments for Heat and Electricity Production from Wood Biomass in Latvia

2012 ◽  
Vol 49 (2) ◽  
pp. 3-13
Author(s):  
G. Klavs ◽  
I. Kudrenickis ◽  
A. Kundzina
Keyword(s):  
Electricity Market ◽  
Cost Estimation ◽  
Renewable Energy Sources ◽  
Economic Feasibility ◽  
Electricity Production ◽  
Minor Role ◽  
Wood Biomass ◽  
Estimation Model ◽  
The Impact ◽  
Feed In Tariff

Analysis of Competitiveness and Support Instruments for Heat and Electricity Production from Wood Biomass in Latvia Utilisation of renewable energy sources is one of the key factors in a search for efficient ways of reducing the emissions of greenhouse gases and improving the energy supply security. So far, the district heating supply in Latvia has been based on natural gas, with the wood fuel playing a minor role; the same is true for decentralised combined heat-power (CHP) production. The paper describes a method for evaluation of the economic feasibility of heat and electricity production from wood biomass under the competition between different fuel types and taking into account the electricity market. For the simulation, a cost estimation model is applied. The results demonstrate that wood biomass can successfully be utilised for competitive heat production by boiler houses, while for electricity production by CHP utilities it cannot compete on the market (even despite the low prices on wood biomass fuel) unless particular financial support instruments are applied. The authors evaluate the necessary support level and the impact of two main support instruments - the investment subsidies and the feed-in tariff - on the economic viability of wood-fuelled CHP plants, and show that the feed-in tariff could be considered as an instrument strongly affecting the competitiveness of such type CHP. Regarding the feed-in tariff determination, a compromise should be found between the economy-dictated requirement to develop CHP projects concerning capacities above 5 MWel - on the one hand, and the relatively small heat loads in many Latvian towns - on the other.

scholarly journals Review of the Legislative Framework for the Remuneration of Photovoltaic Production in Spain: A Case Study

2020 ◽  
Vol 12 (3) ◽  
pp. 1214 ◽  
Author(s):  
Patricia Blanco-Díez ◽  
Montserrat Díez-Mediavilla ◽  
Cristina Alonso-Tristán
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Public Support ◽  
Real Data ◽  
Energy Sector ◽  
Electricity Production ◽  
Economic Losses ◽  
Economic Returns ◽  
Legislative Framework ◽  
Photovoltaic Plant

Spain is among the European countries with the greatest photovoltaic potential. During the first decade of the 2000s, Spain was a European leader in installed photovoltaic power and job creation in the renewable energy sector, strongly influenced by a very favorable regulatory framework and public subsidies at a time of economic growth. That situation would be completely reversed with the regulatory changes introduced in 2012 to combat the tariff deficit and the instability in the electricity supply system, problems accentuated by the economic crisis. The main objective of this study is to present an exhaustive review of the legislative changes that have affected photovoltaic energy in Spain. Using real data on electricity production and the remuneration of a typical photovoltaic plant, we show that there was a very significant fall in the economic returns that investors had come to expect, within a system that prioritized, first and foremost, the initial investment rather than the levels of electricity production. The changes to the legislative framework affecting a typical 100 kWp photovoltaic (PV) facility that entered into service before 2007 provoked a significant decrease of 8.7% in expected revenues, calculated from real data of production and income. These economic losses can be even higher, with a drop in revenue of almost 25% if the entire period of the installation’s useful life is analyzed. Public support for renewable energy is important for its introduction into the electricity market, but so is regulatory stability that offers investment security and predictability for maintaining investment and development in the renewable energy sector.

scholarly journals Dynamic Modeling of a Decarbonized District Heating System with CHP Plants in Electricity-Based Mode of Operation

Energies ◽  
2020 ◽  
Vol 13 (16) ◽  
pp. 4134 ◽  
Author(s):  
Katharina Koch ◽  
Bastian Alt ◽  
Matthias Gaderer
Keyword(s):  
Electricity Market ◽  
Storage Capacity ◽  
System Modeling ◽  
Peak Load ◽  
District Heating ◽  
Electricity Production ◽  
Neutral System ◽  
District Heating System ◽  
Carbon Neutrality ◽  
Heating Plant

The targets of global CO2 reduction outline the importance of decarbonizing the heating and cooling sector, which consume half of the final energy in the European Union (EU). Consequently, heating network operators must adapt to growing requirements for carbon neutrality. Energy system modeling allows the simulation of individual network compositions and regulations, while considering electricity market signals for a more efficient plant operation. The district heating model, programmed for this work, covers a measured heat demand with peak load boiler, biomass-fired combined heat and power (CHP) plant, and biomass heating plant supply. The CHP plant reacts to electricity prices of the European Power Exchange market and uses a long-term heat storage to decouple heat and electricity production. This paper presents the results of three annual simulation scenarios aimed at carbon neutrality for the analyzed heating network. Two scenarios achieve a climate-neutral system by replacing the peak load boiler generation. The exclusive storage capacity expansion in the first scenario does not lead to the intended decarbonization. The second scenario increases the output of the CHP plant, while the third simulation uses the biomass heating plant supply. This additional heat producer enables a significant reduction in storage capacity and a higher CHP plant participation in the considered electricity market.

scholarly journals Do They Still Matter? – Impact of Fossil Fuels on Electricity Prices in the Light of Increased Renewable Generation

2017 ◽  
Vol 9 (2) ◽  
Author(s):  
Johannes Lips
Keyword(s):  
Electricity Market ◽  
Fossil Fuels ◽  
Structural Breaks ◽  
Renewable Energy Sources ◽  
Energy Transition ◽  
Electricity Production ◽  
Test Statistic ◽  
Electricity Prices ◽  
Bootstrap Approach ◽  
The Stability

AbstractDuring the last years, the German energy sector and especially its electricity market was affected by a major energy transition, the so called „Energiewende“. This transition led to an increase of electricity production from renewable sources and thereby affected the whole electricity market. Therefore, it provides lessons for countries, which are only beginning a similar transition away from fossil fuels to renewable energy sources. The aim of this analysis is to assess if there still exists a relationship between fossil fuel and electricity prices. Due to possible structural breaks in the time series a minimum Lagrange Multiplier (LM) stationarity test is applied, which endogenously determines possible structural breaks. Subsequently a bootstrap approach is used to estimate confidence intervals (C.I.s) for the test statistic and the possible break dates. Furthermore, the stability of the cointegration vector is assessed with the test by Hansen and Johansen (

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