Long-term equilibrium in electricity markets with renewables and energy storage only

Long-term equilibrium in electricity markets with renewables and energy storage only

In this paper, we study the optimal generation mix in power systems where only two technologies are available: variable renewable energy (VRE) and electric energy storage (EES). By using a net load duration curve approach, we formulate a least-cost optimization model in which EES is only limited by...

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Bibliographic Details
Main Authors: Tarel, Guillaume, Korpås, Magnus, Botterud, Audun
Other Authors: Massachusetts Institute of Technology. Laboratory for Information and Decision Systems
Format: Article
Language:English
Published: Springer Science and Business Media LLC 2024
Subjects:
General Energy
Economics and Econometrics
Modeling and Simulation
Online Access:https://hdl.handle.net/1721.1/154089

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