Comparison of flexibility options to improve the value of variable power generation
As the share of variable generation in power systems increases, there is increasing value in more flexible use and generation of electricity. The paper compares the economic value of several flexibility options in a large power system with a large amount of reservoir hydro power. Generation planning...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2018-09-01
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| Series: | International Journal of Sustainable Energy |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/14786451.2017.1357554 |
| _version_ | 1827813139748487168 |
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| author | Juha Kiviluoma Erkka Rinne Niina Helistö |
| author_facet | Juha Kiviluoma Erkka Rinne Niina Helistö |
| author_sort | Juha Kiviluoma |
| collection | DOAJ |
| description | As the share of variable generation in power systems increases, there is increasing value in more flexible use and generation of electricity. The paper compares the economic value of several flexibility options in a large power system with a large amount of reservoir hydro power. Generation planning models are needed to consider the impact of flexibility options on other investments in a power system. However, generation planning models do not include all the relevant operational details. The approach in the paper combines a generation planning model with a unit commitment and dispatch model. The results demonstrate the value of coupling the heat and power sectors and the value of transmission. Low-cost electricity storage does not appear to be as decisive in the Northern European context with wind power as the main variable generation source. The paper also addresses methodological issues related to the inclusion of operational constraints in generation planning. |
| first_indexed | 2024-03-11T23:28:33Z |
| format | Article |
| id | doaj.art-18b423cae6344b3aafbaad9ec32ed344 |
| institution | Directory Open Access Journal |
| issn | 1478-6451 1478-646X |
| language | English |
| last_indexed | 2024-03-11T23:28:33Z |
| publishDate | 2018-09-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | International Journal of Sustainable Energy |
| spelling | doaj.art-18b423cae6344b3aafbaad9ec32ed3442023-09-20T10:33:45ZengTaylor & Francis GroupInternational Journal of Sustainable Energy1478-64511478-646X2018-09-0137876178110.1080/14786451.2017.13575541357554Comparison of flexibility options to improve the value of variable power generationJuha Kiviluoma0Erkka Rinne1Niina Helistö2VTT Technical Research Centre of FinlandVTT Technical Research Centre of FinlandVTT Technical Research Centre of FinlandAs the share of variable generation in power systems increases, there is increasing value in more flexible use and generation of electricity. The paper compares the economic value of several flexibility options in a large power system with a large amount of reservoir hydro power. Generation planning models are needed to consider the impact of flexibility options on other investments in a power system. However, generation planning models do not include all the relevant operational details. The approach in the paper combines a generation planning model with a unit commitment and dispatch model. The results demonstrate the value of coupling the heat and power sectors and the value of transmission. Low-cost electricity storage does not appear to be as decisive in the Northern European context with wind power as the main variable generation source. The paper also addresses methodological issues related to the inclusion of operational constraints in generation planning.http://dx.doi.org/10.1080/14786451.2017.1357554energy storageload managementpower system modellingpower system planningwind energysolar energy |
| spellingShingle | Juha Kiviluoma Erkka Rinne Niina Helistö Comparison of flexibility options to improve the value of variable power generation International Journal of Sustainable Energy energy storage load management power system modelling power system planning wind energy solar energy |
| title | Comparison of flexibility options to improve the value of variable power generation |
| title_full | Comparison of flexibility options to improve the value of variable power generation |
| title_fullStr | Comparison of flexibility options to improve the value of variable power generation |
| title_full_unstemmed | Comparison of flexibility options to improve the value of variable power generation |
| title_short | Comparison of flexibility options to improve the value of variable power generation |
| title_sort | comparison of flexibility options to improve the value of variable power generation |
| topic | energy storage load management power system modelling power system planning wind energy solar energy |
| url | http://dx.doi.org/10.1080/14786451.2017.1357554 |
| work_keys_str_mv | AT juhakiviluoma comparisonofflexibilityoptionstoimprovethevalueofvariablepowergeneration AT erkkarinne comparisonofflexibilityoptionstoimprovethevalueofvariablepowergeneration AT niinahelisto comparisonofflexibilityoptionstoimprovethevalueofvariablepowergeneration |