Why market rules matter: Optimizing pumped hydroelectric storage when compensation rules differ

被引：29

作者：

Paine, Nathan ^{[1
]}

Homans, Frances R. ^{[1
]}

Pollak, Melisa ^{[2
]}

Bielicki, Jeffrey M. ^{[2
,3
,4
]}

Wilson, Elizabeth J. ^{[2
]}

机构：

[1] Univ Minnesota, Dept Appl Econ, Minneapolis, MN USA

[2] Univ Minnesota, Hubert H Humphrey Sch Publ Affairs, Minneapolis, MN 55455 USA

[3] Ohio State Univ, Dept Civil Environm & Geodet Engn, Columbus, OH 43210 USA

[4] Ohio State Univ, John Glenn Sch Publ Affairs, Columbus, OH 43210 USA

来源：

ENERGY ECONOMICS | 2014年 / 46卷

关键词：

Energy storage; Electricity markets; Energy market rules; Reliability services; Pumped hydro; Independent system operator; ENERGY-STORAGE; ELECTRICITY MARKET; STRATEGIES;

D O I：

10.1016/j.eneco.2014.08.017

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Policies, markets, and technologies interact to create the modem electrical system. Integrating large amounts of electricity generated by variable renewable resources, such as from wind and sunlight, into electricity systems may require energy storage technologies to synchronize electricity production with electricity demand. Electricity markets compensate the performance of these energy storage technologies for the services they provide, and these markets are often operated by regional independent system operators (ISOs) that specify the market rules for this compensation. To examine how different ISO rules can affect the operation and profitability an energy storage technology, we develop a dynamic programming model of pumped hydroelectric storage (PHES) facility operation under the market rules from the Midcontinent ISO and ISO-New England. We present how differences in rules between these ISOs produced different operational strategies and profits, and how important they are for PHES profitability. (C) 2014 Published by Elsevier B.V.

引用

页码：10 / 19

页数：10

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