The effectiveness of a strategic reserve in the presence of a high portfolio share of renewable energy sources

被引:42
作者
Bhagwat, Pradyumna C. [1 ]
Richstein, Jorn C. [1 ]
Chappin, Emile J. L. [1 ]
de Vries, Laurens J. [1 ]
机构
[1] Delft Univ Technol, Fac Technol Policy & Management, Jaffalaan 5, NL-2628 BX Delft, Netherlands
关键词
Agent-based modeling; Capacity mechanisms; Strategic reserve; CAPACITY MECHANISMS; ELECTRICITY; GENERATION; FAILURES; PRICES;
D O I
10.1016/j.jup.2016.01.006
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
To ensure sufficient investment in electricity generation capacity, mechanisms such as strategic reserves are being considered or already implemented. We analyze the effectiveness of a strategic reserve in the presence of a growing portfolio share of renewable energy sources (RES) with EMLab-Generation,an agent-based electricity market model. A strategic reserve can stabilize investment, but within limits. Uncertainty regarding future demand may cause the market to become instable, potentially leading to periods with very high electricity prices. In the presence of a large share of variable renewable energy sources, the reserve design should be adjusted or replaced by an alternative capacity mechanism. (c) 2016 Elsevier Ltd. All rights reserved.
引用
收藏
页码:13 / 28
页数:16
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