Gas-Electricity Coordination in Competitive Markets under Renewable Energy Uncertainty
As climate concerns, low natural gas prices, and renewable technologies increase the electric power sector’s dependence on natural gas-fired power plants, operational and investment models for gas and electric power systems will need to incorporate the interdependencies between these two systems to...
| Main Authors: | , , , |
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| Format: | Working Paper |
| Language: | en_US |
| Published: |
Massachusetts Institute of Technology. Engineering Systems Division
2016
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| Online Access: | http://hdl.handle.net/1721.1/102980 |
| _version_ | 1826209970869239808 |
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| author | Duenas, Pablo Leung, Tommy Gil, Maria Reneses, Javier |
| author_facet | Duenas, Pablo Leung, Tommy Gil, Maria Reneses, Javier |
| author_sort | Duenas, Pablo |
| collection | MIT |
| description | As climate concerns, low natural gas prices, and renewable technologies increase the electric power sector’s dependence on natural gas-fired power plants, operational and investment models for gas and electric power systems will need to incorporate the interdependencies between these two systems to accurately capture the impacts of one on the other. Currently, few hybrid gas-electricity models exist. This paper reviews the state of the art for hybrid gas-electricity models and presents a new model and case study to illustrate a few potential coupling effects between gas and electric power systems. Specifically, the proposed model analyzes the optimal operation of gas-fired power plants in a competitive electricity market taking into consideration gas purchases, gas capacity contracting, and residual demand uncertainty for the generation company due to renewable energy sources. |
| first_indexed | 2024-09-23T14:37:49Z |
| format | Working Paper |
| id | mit-1721.1/102980 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T14:37:49Z |
| publishDate | 2016 |
| publisher | Massachusetts Institute of Technology. Engineering Systems Division |
| record_format | dspace |
| spelling | mit-1721.1/1029802019-04-12T16:25:18Z Gas-Electricity Coordination in Competitive Markets under Renewable Energy Uncertainty Duenas, Pablo Leung, Tommy Gil, Maria Reneses, Javier As climate concerns, low natural gas prices, and renewable technologies increase the electric power sector’s dependence on natural gas-fired power plants, operational and investment models for gas and electric power systems will need to incorporate the interdependencies between these two systems to accurately capture the impacts of one on the other. Currently, few hybrid gas-electricity models exist. This paper reviews the state of the art for hybrid gas-electricity models and presents a new model and case study to illustrate a few potential coupling effects between gas and electric power systems. Specifically, the proposed model analyzes the optimal operation of gas-fired power plants in a competitive electricity market taking into consideration gas purchases, gas capacity contracting, and residual demand uncertainty for the generation company due to renewable energy sources. 2016-06-06T15:54:24Z 2016-06-06T15:54:24Z 2013-10 Working Paper http://hdl.handle.net/1721.1/102980 en_US ESD Working Papers;ESD-WP-2013-19 application/pdf Massachusetts Institute of Technology. Engineering Systems Division |
| spellingShingle | Duenas, Pablo Leung, Tommy Gil, Maria Reneses, Javier Gas-Electricity Coordination in Competitive Markets under Renewable Energy Uncertainty |
| title | Gas-Electricity Coordination in Competitive Markets under Renewable Energy Uncertainty |
| title_full | Gas-Electricity Coordination in Competitive Markets under Renewable Energy Uncertainty |
| title_fullStr | Gas-Electricity Coordination in Competitive Markets under Renewable Energy Uncertainty |
| title_full_unstemmed | Gas-Electricity Coordination in Competitive Markets under Renewable Energy Uncertainty |
| title_short | Gas-Electricity Coordination in Competitive Markets under Renewable Energy Uncertainty |
| title_sort | gas electricity coordination in competitive markets under renewable energy uncertainty |
| url | http://hdl.handle.net/1721.1/102980 |
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