Download or read book Economics of Intermittent Renewable Energy Sources written by Arthur Henriot and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis centres on issues of economic efficiency originating from the large-scale development of intermittent renewable energy sources (RES) in Europe. The flexible resources that are necessary to cope with their specificities (variability, low-predictability, site specificity) are already known, but adequate signals are required to foster efficient operation and investment in these resources. A first question is to what extent intermittent RES can remain out of the market at times when they are the main driver of investment and operation in power systems. A second question is whether the current market design is adapted to their specificities. These two questions are tackled in four distinct contributions.The first chapter is a critical literature review. This analysis introduces and confronts two (often implicit) paradigms for RES integration. It then identifies and discusses a set of evolutions required to develop a market design adapted to the large-scale development of RES, such as new definitions of the products exchanged and reorganisation of the sequence of electricity markets.In the second chapter, an analytical model is used to assess the potential of intraday markets as a flexibility provider to intermittent RES with low production predictability. This study highlights and demonstrates how the potential of intraday markets is heavily dependent on the evolution of the forecast errors.The third chapter focuses on the benefits of curtailing the production by intermittent RES, as a tool to smooth out their variability and reduce overall generation costs. Another analytical model is employed to anatomize the relationship between these benefits and a set of pivotal parameters. Special attention is also paid to the allocation of these benefits between the different stakeholders.In the fourth chapter, a numerical simulation is used to evaluate the ability of the European transmission system operators to tackle the investment wave required in order to manage the production of intermittent RES. Alternative financing strategies are then assessed. The findings reveal that under the current trend of tariffs, the volumes of investment forecasted will be highly challenging for transmission system operators.
Download or read book Electricity from Renewable Resources written by National Research Council and published by National Academies Press. This book was released on 2010-04-05 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: A component in the America's Energy Future study, Electricity from Renewable Resources examines the technical potential for electric power generation with alternative sources such as wind, solar-photovoltaic, geothermal, solar-thermal, hydroelectric, and other renewable sources. The book focuses on those renewable sources that show the most promise for initial commercial deployment within 10 years and will lead to a substantial impact on the U.S. energy system. A quantitative characterization of technologies, this book lays out expectations of costs, performance, and impacts, as well as barriers and research and development needs. In addition to a principal focus on renewable energy technologies for power generation, the book addresses the challenges of incorporating such technologies into the power grid, as well as potential improvements in the national electricity grid that could enable better and more extensive utilization of wind, solar-thermal, solar photovoltaics, and other renewable technologies.
Download or read book Economic Curtailment of Intermittent Renewable Energy Sources written by Arthur Henriot and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a power system featuring a large share of intermittent renewable energy sources (RES) and inflexible thermal generators, efficiency gains on generation costs could be achieved by curtailing the production of RES. However, as RES feature very low variable production costs, over-curtailment can be costly. In this article, we use a stylised analytical model to assess this trade-off. We show that while curtailing RES when their variability is high and the system flexibility is low can reduce generation costs, the different stakeholders (consumers, dispatchable generators, RES) will not necessarily benefit from such measures. As a consequence, generators will opt for a sub-optimal level of curtailment, and this level of curtailment should rather be set by the TSO. Either incentive to provide the TSO with accurate forecasts of RES availability, or alternatively centralised forecasting by the TSO, should then be put into place to solve the resulting problem of asymmetry of information.
Download or read book Notes on the Economics of Energy Storage written by G. M. Heal and published by . This book was released on 2016 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The increasing importance of intermittent renewable energy sources suggests a growing importance for energy storage as a way of smoothing the variable output. In this paper I investigate factors affecting the amount of energy storage needed, including the degree of intermittency and the correlations between wind and solar power outputs at different locations
Download or read book The Dynamic Value of Intermittent Renewable Energy written by Miguel Castro and published by . This book was released on 2018 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Renewable Energy written by Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs and published by The Stationery Office. This book was released on 2008 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government aims to increase renewable energy from 1.8 per cent to 15 per cent of energy consumption by 2020, in line with European Commission proposals. This report looks at the economics of renewable energy given the Government's policy to reduce carbon emissions. Chapter 2 gives a brief overview of Britain's energy system and outlines the Government's energy policy objectives. Chapter 3 examines the different renewable technologies used to generate electricity, and compares generation costs between them and contrasts them with fossil fuel-fired plants and nuclear power. Chapter 4 looks at the issues involved in balancing the irregular supply from renewable generators which depend on weather conditions against the continuous demand for electricity. The potential for renewable sources of heat and of transport fuels - an overlooked area even though they account for 80 per cent of UK energy consumption. - is examined in chapter 5. Chapter 6 reviews the key policy issues, the impact of renewable policy on fuel poverty, the planning system for renewable energy, and whether the 15 per cent EU target is achievable. The Committee finds that costs of renewable energy generation are more than conventional means. It recommends that the Government prioritise the development and promotion of the other effective and economic options, both to bring down carbon dioxide emissions and to achieve security of electricity supply. The most reliable renewable sources are tidal barrage and biomass, which are problematic for other reasons, and hydro-power which is near the limit of its potential in the UK. The most reliable low-carbon alternative to renewables is nuclear power, together with conventional fossil fuel generation with carbon capture and storage (if and when that becomes available).
Download or read book Renewable Energy in India written by Pramod Deo and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines rules governing the market for electricity generation from intermittent renewable energy sources.
Download or read book Energy Technologies and Economics written by Patrick A. Narbel and published by Springer. This book was released on 2014-07-10 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an easy-to-read textbook providing the reader with the basis to comprehend the major energy technologies from a physical and economical perspective. The journey through the book begins with some background theory on the physics and economics of energy. Major energy technologies (fossil, nuclear and renewable) are explored in-depth, explaining how they work and the costs involved. Finally, the journey ends by exploring the technical and economic feasibility of supplying the world by 2050 with sustainable energy only. Numerous examples are provided to allow the reader to relate important concepts to real-life. The reader’s understanding of the material can then be tested using the exercises at the end of each chapter. This textbook is the first to thoroughly present the physics and the economics of energy. It is intended for graduate students and practitioners interested in the field of energy. It also enables the general reader to distinguish between political statement and fact.
Download or read book Economics and Policies in Formulating Renewable Power Development Plans written by Bai-Chen Xie and published by Frontiers Media SA. This book was released on 2023-11-06 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewable energy has been considered as an effective way to deal with challenges caused by energy security and climate change. In the past decades, the share of renewable energy in the energy mix has been increasing with a proportion of around 25% globally benefitting from the steady maturity of economical, technological and political issues. However, the gap between expectations of fast, renewables-driven energy transitions and the reality of today’s energy systems which rely heavily on fossil fuels remains stubbornly large. The development of renewable energy still faces uncertainties, among them are cost changes driven by the potential technology breakthroughs, renewable power market-oriented progress, and various challenges related to grid interconnection of such intermittent renewable energy resources, and some other factors. Many countries and regions have issued their plans in boosting the development of renewable power. However, not one renewable power exploitation plan is acceptable universally due to the varied developing level of economies and societies. It is of great significance to explore the economic, technological, and political influences of related factors in achieving the development target for renewable energy.
Download or read book The Economics of Renewable Energy written by Roger Fouquet and published by Edward Elgar Publishing. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major reference work brings together for the first time key articles on the economics of renewable energy. From a modest role as a backstop technology in the 1970s to a central role in low carbon transitions today, this collection reveals the emergence and growing importance of this sub-field of economics. Topics covered in this timely volume include the costs of renewable power (taking account of issues related to technological development, intermittency and interconnection), policies that promote renewable energy development, its public and private demand, and its impact on the environment and the economy. This indispensable collection is complemented by a comprehensive introduction that will serve as an essential source of reference for students and researchers.
Download or read book On the Economics of Renewable Energy Support and Market Integration of Intermittent Electricity Supply written by Clemens Streitberger and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Control operation and trading strategies of intermittent renewable energy in smart grids written by Dongliang Xiao and published by Frontiers Media SA. This book was released on 2023-04-17 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Value of Intermittent Power Generation written by Maria Kopsakangas-Savolainen and published by . This book was released on 2013 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: A significant part of the renewable energy differs from conventional generating technologies such that they produce electricity intermittently. If traditional levelized cost approach is used it gives inappropriate and misleading results. We utilize a long-run oriented Real-Time Price based model to analyze the economic value of intermittent electricity generation. We study the impacts of a change in production profile and increase in the share of intermittent generation to the market prices, equilibrium of other capacities, production costs, profits and CO2 emissions. Our approach which uses hourly output profiles and associated market value of electricity, gives plausible economic values for electricity.
Download or read book Harnessing Renewable Energy in Electric Power Systems written by Boaz Moselle and published by Taylor & Francis. This book was released on 2010-09-23 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflecting its reliance on fossil fuels, the electric power industry produces the majority of the world's greenhouse gas emissions. The need for a revolution in the industry becomes further apparent given that 'decarbonization' means an increasing electrification of other sectors of the economy in particular, through a switch from gasoline to electric vehicles. Of the options for producing electric power without significant greenhouse gas emissions, renewable energy is most attractive to policymakers, as it promises increased national self-reliance on energy supplies and the creation of new industries and jobs, without the safety and political concerns of nuclear power or the unproven technology of carbon capture and storage. Drawing on both economic theory and the experiences of the United States and EU member states, Harnessing Renewable Energy addresses the key questions surrounding renewable energy policies. How appropriate is the focus on renewable power as a primary tool for reducing greenhouse gas emissions? If renewable energy is given specific support, what form should that support take? What are the implications for power markets if renewable generation is widely adopted? Thorough and well-evidenced, this book will be of interest to a broad range of policymakers, the electric power industry, and economists who study energy and environmental issues.
Download or read book The Solar Economy written by Hermann Scheer and published by Routledge. This book was released on 2013-06-17 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy and our way of life are based on the exploitation of fossil fuels, which not only threaten massive environmental and social disruption through global warming but, at present rates of consumption, will run out within decades, causing huge industrial dislocation and economic collapse. Even before then, the conflicts it causes in the Middle East and elsewhere will be frighteningly exacerbated. The alternative exists: renewable energy from renewable sources - above all, solar. Substituting renewable for fossil resources will take a new industrial revolution to avert the worst of the damage and establish a new international order. It can be done, and it can be done in time. The Solar Economy, by one of the world's most effective analysts and advocates, lays out the blueprints, showing how the political, economic and technological challenges can be met using indigenous, renewable and universally available resources, and the enormous opportunities and benefits that will flow from doing so.
Download or read book Long Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables written by Frank A. Wolak and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growing amounts of intermittent renewable generation capacity substantially increases the complexity of determining whether sufficient energy will be available to meet hourly demands throughout the year. As the events of August 2020 in California and February 2021 in Texas demonstrate, supply shortfalls can have large economic and public health consequences. An empirical analysis of these two events demonstrates that similar supply shortfalls are likely to occur in the future without a paradigm shift in how long-term resource adequacy is determined for an electricity supply industry with significant intermittent renewables. An alternative approach to determining long-term resource adequacy that explicitly recognizes the characteristics of different generation technologies is outlined and its properties explored relative to current approaches.
Download or read book Renewable Energy Systems written by Henrik Lund and published by Academic Press. This book was released on 2014-03-24 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new edition of Renewable Energy Systems, globally recognized renewable energy researcher and professor, Henrik Lund, sets forth a straightforward, comprehensive methodology for comparing different energy systems’ abilities to integrate fluctuating and intermittent renewable energy sources. The book does this by presenting an energy system analysis methodology. The book provides the results of more than fifteen comprehensive energy system analysis studies, examines the large-scale integration of renewable energy into the present system, and presents concrete design examples derived from a dozen renewable energy systems around the globe. Renewable Energy Systems, Second Edition also undertakes the socio-political realities governing the implementation of renewable energy systems by introducing a theoretical framework approach aimed at understanding how major technological changes, such as renewable energy, can be implemented at both the national and international levels. Provides an introduction to the technical design of renewable energy systems Demonstrates how to analyze the feasibility and efficiency of large-scale systems to help implementers avoid costly trial and error Addresses the socio-political challenge of implementing the shift to renewables Features a dozen extensive case studies from around the globe that provide real-world templates for new installations
