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| 1 |
ID:
117339
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2013.
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| Summary/Abstract |
This paper employs a novel Monte-Carlo based generation portfolio assessment tool to explore the implications of increasing wind penetration and carbon prices within future electricity generation portfolios under considerable uncertainty. This tool combines optimal generation mix techniques with Monte Carlo simulation and portfolio analysis methods to determine expected overall generation costs, associated cost uncertainty and expected CO2 emissions for different possible generation portfolios. A case study of an electricity industry with coal, Combined Cycle Gas Turbines (CCGT), Open Cycle Gas Turbines (OCGT) and wind generation options that faces uncertain future fossil-fuel prices, carbon pricing, electricity demand and plant construction costs is presented to illustrate some of the key issues associated with growing wind penetrations. The case study uses half-hourly demand and wind generation data from South Eastern Australia, and regional estimates of new-build plant costs and characteristics. Results suggest that although wind generation generally increases overall industry costs, it reduces associated cost uncertainties and CO2 emissions. However, there are some cases in which wind generation can reduce the overall costs of generation portfolios. The extent to which wind penetration affects industry expected costs and uncertainties depends on the level of carbon price and the conventional technology mix in the portfolios.
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| 2 |
ID:
109624
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| Publication |
2011.
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| Summary/Abstract |
This paper explores wind power integration issues for the South Australian (SA) region of the Australian National Electricity Market (NEM) by assessing the interaction of regional wind generation, electricity demand and spot prices over 2 recent years of market operation. SA's wind energy penetration has recently surpassed 20% and it has only a limited interconnection with other regions of the NEM. As such, it represents an interesting example of high wind penetration in a gross wholesale pool market electricity industry. Our findings suggest that while electricity demand continues to have the greatest influence on spot prices in SA, wind generation levels have become a significant secondary influence, and there is an inverse relationship between wind generation and price. No clear relationship between wind generation and demand has been identified although some periods of extremely high demand may coincide with lower wind generation. Periods of high wind output are associated with generally lower market prices, and also appear to contribute to extreme negative price events. The results highlight the importance of electricity market and renewable policy design in facilitating economically efficient high wind penetrations.
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| 3 |
ID:
110438
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| Publication |
2011.
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| Summary/Abstract |
The large-scale wind power development in China has reached a bottleneck of grid integrating capability. As a result, excess wind electricity has to be rejected in the nighttime low demand hours, when the wind power is ramping up. To compensate for the fluctuation of wind power, new coal-fired power plants are being constructed along with the big wind projects in the North China grids. This study analyzed why adding coal-fired generation cannot remove the bottleneck of wind integration by modeling the operating problem of the wind integration. The peak-load adjusting factor of the regional grid is defined. Building more coal-fired power plants will not increase the adjusting factor of the current grid. Although it does help to increase the total integrated wind power in the short term, it will add difficulties to the long-term wind integration. Alternatively, the coordinated resource utilization is then suggested with the discussion of both the effective pumped hydro storage and the potential electric vehicle storage.
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| 4 |
ID:
096613
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| Publication |
2010.
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| Summary/Abstract |
This article focuses on the design of balancing markets in Europe taking into account an increasing wind power penetration. In several European countries, wind generation is so far not burdened with full balancing responsibility. However, the more wind power penetration, the less bearable for the system not to allocate balancing costs to the responsible parties. Given the variability and limited predictability of wind generation, full balancing exposure is however only feasible conditionally to well-functioning balancing markets. On that account, recommendations ensuring an optimal balancing market design are formulated and their impact on wind generation is assessed. Taking market-based or cost-reflective imbalance prices as the main objective, it is advised that: (1) the imbalance settlement should not contain penalties or power exchange prices, (2) capacity payments should be allocated to imbalanced BRPs via an additive component in the imbalance price and (3) a cap should be imposed on the amount of reserves. Efficient implementation of the proposed market design may require balancing markets being integrated across borders.
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| 5 |
ID:
097456
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| Publication |
2010.
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| Summary/Abstract |
This article focuses on the design of balancing markets in Europe taking into account an increasing wind power penetration. In several European countries, wind generation is so far not burdened with full balancing responsibility. However, the more wind power penetration, the less bearable for the system not to allocate balancing costs to the responsible parties. Given the variability and limited predictability of wind generation, full balancing exposure is however only feasible conditionally to well-functioning balancing markets. On that account, recommendations ensuring an optimal balancing market design are formulated and their impact on wind generation is assessed. Taking market-based or cost-reflective imbalance prices as the main objective, it is advised that: (1) the imbalance settlement should not contain penalties or power exchange prices, (2) capacity payments should be allocated to imbalanced BRPs via an additive component in the imbalance price and (3) a cap should be imposed on the amount of reserves. Efficient implementation of the proposed market design may require balancing markets being integrated across borders.
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| 6 |
ID:
099351
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| Publication |
2010.
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| Summary/Abstract |
In this article, the flexibility of the German power market with respect to the integration of an increasing share of electricity from renewable energy sources was analysed. Flexibility limiting system components, which cause negative prices, are explained and illustrated for the German market. The decision of the European Energy Exchange in Leipzig to allow negative price bids is then explained. The empirical data illustrate the flexibility of conventional generating capacities in Germany from October 2008 to December 2009. Of the 86 h of negative spot prices, 19 h were significantly negative, with prices of at least -100 €/MWh. These extreme hours were analysed in greater detail by the examination of different system components. Thereby, load, wind power infeed and conventional generation by fuel type were observed, as well as the market for negative tertiary reserve, as indicators for market tightness. Although the market situations were found to be severe, under the current conditions, it could have been much worse. In order to enable the market to clear at all times, policy recommendations are provided and long-run implications of an increasing RES-E share on the conventional generation capacity are discussed. The article concludes with an outlook on additional power system flexibility options.
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