Integrated Planning Framework For Pumped Hydro Energy Storage (PHES) Systems

10.32920/ryerson.14663079 ◽

2021 ◽

Author(s):

Faizul Hasan ◽

Darko Joksimovic

Keyword(s):

Energy Storage ◽

Electricity Market ◽

Electric Power Industry ◽

Power Industry ◽

Integrated Planning ◽

Renewable Energy Resources ◽

Market System ◽

Energy Potential ◽

Planning Framework ◽

Grid Level

The electric power industry worldwide has been focusing towards increasing utilization of renewable energy resources such as wind and solar to build and maintain clean, reliable and affordable electricity systems. Although these resources are environmentally clean, their uncertain and intermittent nature is a significant issue. Similarly, other energy generators such as nuclear and gas have serious environmental issues. These issues can be resolved with effective management of supply and demand using appropriate energy storage. Although various energy storage options are available, PHES is globally proven technology at grid level. Additionally, gravity power module (GPM) is a newly emerged technology in the power industry. However, its applications at full scale are still awaited. This research developed methodologies for integrated planning framework for PHES systems at grid level, employing a GIS-based model to identify feasible PHES sites, optimizing the scheduling of feasible PHES potential, and performing the financial analysis of PHES system. The methodologies were applied on grid-connected electricity area of Ontario that identified 285 feasible PHES and GPM sites with storage potential of 56,268 MWh. This research proposed the formation of a cooperative association namely „Pumped Hydro Storage Association (PHSA)‟ for integration of PHES system in the electricity market system operated by the IESO in Ontario. Using 2016 data, the optimization model resulted that PHSA supplied real-time energy 28,134 MWh/ day, provided ancillary services including variable operating reserve 23,914 MWh/ day, fixed operating reserve 4,220 MWh/ day, and purchased energy 65,060 MWh/ day. The optimization results and resultant financial indicators confirmed that proposed PHES system is technically and financially viable in a large electricity market system. As an initial step, partial development of PHES and GPM plants was proposed with an initial capital cost of C$ 1,052 Million utilizing 7,767 MWh/ day energy potential that resulted in a net profit share of C$ 13.36/ MWh for each participatory plant. Finally, the developed PHES planning framework for PHES system can certainly be found valuable to the policymakers, system operators, energy developers, research scholars, engineers, financial analysts and scientist community to work on future improvement in the PHES system.

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A Remedial Strategic Scheduling Model for Load Serving Entities Considering the Interaction between Grid-Level Energy Storage and Virtual Power Plants

Energies ◽

10.3390/en11092420 ◽

2018 ◽

Vol 11 (9) ◽

pp. 2420 ◽

Cited By ~ 2

Author(s):

Haiteng Han ◽

Hantao Cui ◽

Shan Gao ◽

Qingxin Shi ◽

Anjie Fan ◽

...

Keyword(s):

Renewable Energy ◽

Energy Storage ◽

Power System ◽

Electricity Market ◽

Power Plants ◽

Level Energy ◽

Renewable Energy Resources ◽

Virtual Power ◽

Virtual Power Plants ◽

Grid Level

More renewable energy resources have been connected to the grid with the promotion of global energy strategies, which presents new opportunities for the current electricity market. However, the growing integration of renewable energy also brings more challenges, such as power system reliability and the participants’ marketable behavior. Thus, how to coordinate integrated renewable resources in the electricity market environment has gained increasing interest. In this paper, a bilevel bidding model for load serving entities (LSEs) considering grid-level energy storage (ES) and virtual power plant (VPP) is established in the day-ahead (DA) market. Then, the model is extended by considering contingencies in the intraday (ID) market. Also, according to the extended bidding model, a remedial strategic rescheduling approach for LSE’s daily profit is proposed. It provides a quantitative assessment of LSE’s loss reduction based on contingency forecasting, which can be applied to the power system dispatch to help LSEs deal with coming contingencies. Simulation results verify the correctness and effectiveness of the proposed method.

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Regulation and trends in electric power industry: Russian electricity market

2012 9th International Conference on the European Energy Market ◽

10.1109/eem.2012.6254805 ◽

2012 ◽

Cited By ~ 1

Author(s):

Mikhail Vasilyev

Keyword(s):

Electric Power ◽

Electricity Market ◽

Electric Power Industry ◽

Power Industry

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FORECASTING ENERGY MARKET DEVELOPMENT SCENARIOS

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.p.r.2020.11.03.003 ◽

2020 ◽

Vol 3 (11) ◽

pp. 15-19

Author(s):

I. B. TESLENKO ◽

◽

A. A. PROCHNOVA ◽

Keyword(s):

Electric Power ◽

Electricity Market ◽

Electric Power Industry ◽

Power Industry ◽

Market Development ◽

Energy Market ◽

Development Scenarios

The article highlights the main challenges faced by the electricity market during the coronavirus pandemic. The main prospects and new trends in the development of the electric power industry are highlighted.

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Research and Discuss on Market model based on Blockchain

E3S Web of Conferences ◽

10.1051/e3sconf/20185703001 ◽

2018 ◽

Vol 57 ◽

pp. 03001

Author(s):

Yan Cui-hui ◽

Liu Fang ◽

Hu Chaofan ◽

Cui Hui ◽

Wang Bin

Keyword(s):

Electricity Market ◽

Electrical Power ◽

Electric Power Industry ◽

Power Market ◽

Power Industry ◽

Market Model ◽

Human Society ◽

Computing Paradigm ◽

Trading Model ◽

And Performance

Electric power industry is the foundation of national economy and plays a key role in the development of human society. Traditional power industry is monopolized by industry and lacked of market efficiency. In recent years, it is seeking breakthroughs in the market-oriented reform. Although China’s electricity market reform has achieved some achievement, it is still lacked of market players, regional transactions, excessive data management, concentration and other defects. This paper puts forward higher requirements for the system design of power market transactions. The electrical power market is facing with the security and performance challenges, it is to improve the electrical power market transaction mode and to enhance transaction security, blockchain is a new decentralized framework and with a distributed computing paradigm, which integrates and innovates a variety of computer technologies, then it constructed a perfect competitive electricity market system. Using of different levels of multi auction trading model to integrate the province’s trading and inter provincial trading parts in one system. In the part of inter-province trading, it adopted the contract trading and bidding coexist pattern, the trade is carried out in each province Surplus-deficit electricity which based on the meet of the province’s demand basis. By using blockchain, it can conducted the intelligent contract and record the whole transaction information discretely, and provided the inquiry transaction channel to the users, so it can achieve the resource scheduling fairness and transaction information in security.

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The influence of the «technological unity of power» on the structure of contractual relations in Russian electric power industry

Courier of the Kutafin Moscow State Law University ◽

10.17803/2311-5998.2020.67.3.096-105 ◽

2020 ◽

pp. 96-105

Author(s):

V. S. Eliseev

Keyword(s):

Electric Power ◽

Electricity Market ◽

Electric Power Industry ◽

Power Industry ◽

Organizational Level ◽

Communication Structure ◽

Legal Nature ◽

The Russian Federation ◽

Contractual Relations ◽

Energy Companies

The article analyzes the formation of the contractual communication structure in the electric power industry after its reform in the Russian Federation. The electric power industry in the USSR was built on the basis of technological unity. This principle was violated as a result of the privatization of the energy sector. At the organizational level have been produced: a parallel gap of the joint electricity producer; series‑parallel gap of transmission; the functional gap of electricity transmission; electricity market is divided into wholesale and retail. A large number of intermediaries were created. In the future, a special structure of contractual relations was created, which was mandatory. The conclusion of contracts for energy companies became mandatory; contracts became standard; pricing was mandatory. This was done on the basis of the principle of technological unity of the electric power industry, which allowed the author to draw a conclusion about the administrative and legal nature of the structure of contractual relations in the electric power industry.

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The Peculiarity of the Formation of the Market of Electric Power Industry and Its Importance for the Economy of the Donetsk People's Republic

Scientific Research and Development Economics ◽

10.12737/article_5bcf1619f2b966.82966504 ◽

2018 ◽

Vol 6 (5) ◽

pp. 41-44

Author(s):

Наталья Морозова ◽

Natal'ya Morozova ◽

А. Кривонос ◽

A. Krivonos

Keyword(s):

Electric Power ◽

Electricity Market ◽

Electric Power Industry ◽

Power Industry ◽

The State ◽

Energy Industry ◽

Market Participants

The article deals with the energy industry of the Donetsk People’s Republic. The specificity of such a commodity as electricity is highlighted. Based on this features of the electricity market are developed. The state of the electricity market, participants and decisions on improving the functioning of the power industry of the DNR are considered.

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ELECTRICITY MARKET OF REGIONS OF UKRAINE IN THE CONTEXT OF MODERNIZATION CHANGES

International scientific journal Internauka Series Economical Sciences ◽

10.25313/2520-2294-2020-12-6795 ◽

2017 ◽

Author(s):

Serhii Pysanko ◽

◽

Roman Romanyuk ◽

Olena Pavlova ◽

Kostiantyn Pavlov ◽

...

Keyword(s):

Power Systems ◽

Electric Power ◽

Electricity Market ◽

Power Plants ◽

Raw Materials ◽

Thermal Power ◽

Electric Power Industry ◽

Energy System ◽

Power Industry ◽

Large Power

Electricity market of regions and Ukraine in the context of modernization changes The article considers the importance, structure and electricity in the fuel and energy complex of the country and regions. It was found that in the production of electricity used (TPP), hydraulic (HPP) and hydroaccumulative (PSP), nuclear (NPP) stations. The connection of electric power industry with industry is shown. The largest power plants of the regions of Ukraine were inspected. The mechanism of operation of condensing and thermal power plants is clarified. The defining principles of development and location of electric power of Ukraine are noted. The place and role of nuclear power plants in ensuring the principles of energy security of the country are described. The peculiarities of the problem of the electric power industry are highlighted, which are primarily the use of low-risk nuclear reactors, as well as the still current import of uranium ores as raw materials from Russia. Utilization of NPP waste remains an unresolved problem. Large power plants have been structured into integrated power systems, which locally form a unified state energy system. Alternative power plants are listed as centers of economic electricity, their advantages in comparison with traditional types of energy are highlighted, and the disadvantages are also emphasized.

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ECONOMIC BEHAVIOR OF CONSUMERS UNDER CONDITIONS OF CONTEMPORARY CHALLENGES IN THE POST-REFORM PERIOD OF DEVELOPMENT OF THE ELECTRIC POWER INDUSTRY IN RUSSIA

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.p.r.2020.11.01.004 ◽

2020 ◽

Vol 1 (11) ◽

pp. 33-45

Author(s):

S. Ya. CHERNAVSKII ◽

◽

N. R. KHACHATURYAN ◽

Keyword(s):

Electric Power ◽

Electricity Markets ◽

Electricity Market ◽

Power Plants ◽

Fossil Fuels ◽

Electric Power Industry ◽

Power Industry ◽

Economic Behavior ◽

Negative Consequences ◽

New Phenomena

The article examines the consequences of the reform of the Russian electric power industry, which resulted in the formation and operation of: wholesale electricity markets in the European part of the country, including the Urals, and in Western Siberia; the system of state-owned companies transporting electricity; and the aggregate of market platforms for the retail electricity market. New phenomena are analyzed, in particular: the emergence of vertically integrated companies coordinating the production and combustion of fossil fuels in power plants; the emergence of competition in the heat market from the side of heat generating plants, which led to financial losses for the existing CHP plants that are part of heat generating companies - participants in the wholesale electricity market; the withdrawal of some heat consumers from the market and the construction of their own heat generating plants; failure to create a competitive retail electricity market. Measures are proposed to prevent the negative consequences of the detected phenomena.

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