Renewable electric energy integration: Quantifying the value of design of markets for international transmission capacity
| Autor: | F.M. Echavarren, Thilo Grau, Karsten Neuhoff, Julián Barquín, Hannes Weigt, Friedrich Kunz, Chris Dent, Georgios Papaefthymiou, Benjamin F. Hobbs, Christoph Weber, Christian Nabe, Rodney Boyd, Janusz Bialek, Christian von Hirschhausen |
|---|---|
| Rok vydání: | 2013 |
| Předmět: |
Economics and Econometrics
Wind power business.industry Wirtschaftswissenschaften Environmental economics Power market design renewable power integration congestion management transmission economics Renewable energy Power (physics) Microeconomics Variable (computer science) Electric energy General Energy Electricity generation Transmission (telecommunications) Value (economics) Economics business |
| Zdroj: | Energy Economics. 40:760-772 |
| ISSN: | 0140-9883 |
| DOI: | 10.1016/j.eneco.2013.09.004 |
| Popis: | Integrating large quantities of supply-driven renewable electricity generation remains a political and operational challenge. One of the main obstacles in Europe to installing at least 200 GWs of power from variable renewable sources is how to deal with the insufficient network capacity and the congestion that will result from new flow patterns. We model the current methodology for controlling congestion at international borders and compare its results, under varying penetrations of wind power, with a model that simulates an integrated European network that utilises nodal/localised marginal pricing. The nodal pricing simulations illustrate that congestion - and price - patterns vary considerably between wind scenarios and within countries, and that a nodal price regime could make fuller use of existing EU network capacity, introducing substantial operational cost savings and reducing marginal power prices in the majority of European countries. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect