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

被引：46
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
来源：
UTILITIES POLICY | 2016年 / 39卷
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
相关论文
共 51 条
[1]  
ACER Agency for the Cooperation of Energy Regulators, 2013, Capacity Remuneration Mechanisms and the Internal Market for Electricity
[2]   THE SOCIAL COST OF UNSUPPLIED ELECTRICITY - A CRITICAL-REVIEW [J].
ANDERSSON, R ;
TAYLOR, L .
ENERGY ECONOMICS, 1986, 8 (03) :139-146
[3]  
[Anonymous], CAN WE RECONCILE DIF
[4]  
[Anonymous], 2011, WORLD EN OUTL 2011
[5]  
[Anonymous], 2015, EL MARK GERM EN TRAN
[6]  
[Anonymous], EMLAB GENERATION EXP
[7]  
[Anonymous], 2014, FRENCH CAP MARK REP
[8]   Pricing power outages in the Netherlands [J].
Baarsma, Barbara E. ;
Hop, J. Peter .
ENERGY, 2009, 34 (09) :1378-1386
[9]  
Borenstein S., 1995, Utilities Policy, V5, P219, DOI 10.1016/0957-1787(96)00005-7
[10]   Market failures and barriers as a basis for clean energy policies [J].
Brown, MA .
ENERGY POLICY, 2001, 29 (14) :1197-1207
123456