Modelling and Analysing the Market Integration of Flexible Demand and Storage Resources


Book Description

This book provides carefully designed illustrative examples to explain the profound in simpler terms. The emerging smart grid paradigm has paved the way for the wide introduction of flexible demand (FD) and energy storage (ES) technologies in power systems, with significant economic, technical, and environmental benefits that will facilitate efficient transition to the low-carbon future. In the deregulated energy sector, the realization of the significant FD and ES flexibility potential should be coupled with their suitable integration in electricity markets. In this context, previous studies have proposed market clearing mechanisms considering FD and ES participation and demonstrated their impact on the system operation. However, these studies have neglected fundamental market complexities, such as modeling and pricing FD non-convexities as well as modeling and analyzing the role of FD and ES in imperfect markets. This book is dedicated to address the above challenges through the development of novel computational methodologies. It also provides numerous explanatory figures, tables, algorithm flowcharts, and block diagrams for visual aid, which helps the readers to better grasp the working principles of the developed algorithms as well as to form a comprehensive comparison of results.







The Power of Transformation


Book Description

Wind power and solar photovoltaics (PV) are crucial to meeting future energy needs while decarbonizing the power sector. Deployment of both technologies has expanded rapidly in recent years, one of the few bright spots in an otherwise bleak picture of clean energy progress. However, the inherent variability of wind power and solar PV raises unique and pressing questions. Can power systems remain reliable and cost-effective while supporting high shares of variable renewable energy (VRE)? And if so, how? Based on a thorough review of the integration challenge, this publication gauges the economic significance of VRE integration impacts, highlights the need for a system-wide approach to integrating high shares of VRE and recommends how to achieve a cost-effective transformation of the power system. This book summarizes the results of the third phase of the Grid Integration of VRE (GIVAR) project, undertaken by the IEA over the past two years. It is rooted in a set o




Integration of Alternative Sources of Energy


Book Description

A unique electrical engineering approach to alternative sources ofenergy Unlike other books that deal with alternative sources of energyfrom a mechanical point of view, Integration of Alternative Sourcesof Energy takes an electrical engineering perspective. Moreover,the authors examine the full spectrum of alternative and renewableenergy with the goal of developing viable methods of integratingenergy sources and storage efficiently. Readers become thoroughlyconversant with the principles, possibilities, and limits ofalternative and renewable energy. The book begins with a general introduction and then reviewsprinciples of thermodynamics. Next, the authors explore both commonand up-and-coming alternative energy sources, including hydro,wind, solar, photovoltaic, thermosolar, fuel cells, and biomass.Following that are discussions of microturbines and inductiongenerators, as well as a special chapter dedicated to energystorage systems. After setting forth the fundamentals, the authorsfocus on how to integrate the various energy sources for electricalpower production. Discussions related to system operation,maintenance, and management, as well as standards forinterconnection, are also set forth. Throughout the book, diagrams are provided to demonstrate theelectrical operation of all the systems that are presented. Inaddition, extensive use of examples helps readers better grasp howintegration of alternative energy sources can beaccomplished. The final chapter gives readers the opportunity to learn about theHOMER Micropower Optimization Model. This computer model, developedby the National Renewable Energy Laboratory (NREL), assists in thedesign of micropower systems and facilitates comparisons of powergeneration techniques. Readers can download the software from theNREL Web site. This book is a must-read for engineers, consultants, regulators,and environmentalists involved in energy production and delivery,helping them evaluate alternative energy sources and integrate theminto an efficient energy delivery system. It is also a superiortextbook for upper-level undergraduates and graduate students.




Harnessing Variable Renewables


Book Description

Power systems must be actively managed to maintain a steady balance between supply and demand. This is already a complex task as demand varies continually. But what happens when supply becomes more variable and less certain, as with some renewable sources of electricity like wind and solar PV that fluctuate with the weather? to what extent can the resources that help power systems cope with the challenge of variability in demand also be applied to variability of supply? How large are these resources? and what share of electricity supply from variable renewables can they make possible? There is no one-size-fits-all answer. the ways electricity is produced, transported and consumed around the world exhibit great diversity. Grids can cross borders, requiring co-ordinated international policy, or can be distinct within a single country or region. and whether found in dispatchable power plants, storage facilities, interconnections for trade or on the demand side, the flexible resource that ensures the provision of reliable power in the face of uncertainty likewise differs enormously. Written for decision makers, Harnessing Variable Renewables: a Guide to the Balancing Challenge sheds light on managing power systems with large shares of variable renewables. It presents a new, step-by-step approach developed by the IEA to assess the flexibility of power systems, which identifies the already present resources that could help meet the twin challenges of variability and uncertainty.




Competitive Electricity Markets


Book Description

After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide




Renewable Energy Systems


Book Description

In this new edition of Renewable Energy Systems, globally recognized renewable energy researcher and professor, Henrik Lund, sets forth a straightforward, comprehensive methodology for comparing different energy systems’ abilities to integrate fluctuating and intermittent renewable energy sources. The book does this by presenting an energy system analysis methodology. The book provides the results of more than fifteen comprehensive energy system analysis studies, examines the large-scale integration of renewable energy into the present system, and presents concrete design examples derived from a dozen renewable energy systems around the globe. Renewable Energy Systems, Second Edition also undertakes the socio-political realities governing the implementation of renewable energy systems by introducing a theoretical framework approach aimed at understanding how major technological changes, such as renewable energy, can be implemented at both the national and international levels. Provides an introduction to the technical design of renewable energy systems Demonstrates how to analyze the feasibility and efficiency of large-scale systems to help implementers avoid costly trial and error Addresses the socio-political challenge of implementing the shift to renewables Features a dozen extensive case studies from around the globe that provide real-world templates for new installations




Future of solar photovoltaic


Book Description

This study presents options to fully unlock the world’s vast solar PV potential over the period until 2050. It builds on IRENA’s global roadmap to scale up renewables and meet climate goals.




Flexitranstore


Book Description

This open access book comprises 10 high-level papers on research and innovation within the Flexitranstore Project that were presented at the FLEXITRANSTORE special session organized as part of the 21st International Symposium on High Voltage Engineering. FLEXITRANSTORE (An Integrated Platform for Increased FLEXIbility in smart TRANSmission grids with STORage Entities and large penetration of Renewable Energy Sources) aims to contribute to the development of a pan-European transmission network with high flexibility and high interconnection levels. This will facilitate the transformation of the current energy production mix by hosting an increasing share of renewable energy sources. Novel smart grid technologies, control and storage methods, and new market approaches will be developed, installed, demonstrated, and tested introducing flexibility to the European power system. FLEXITRANSTORE is developing a next-generation Flexible Energy Grid (FEG) that will be integrated into the European Internal Energy Market (IEM) through the valorization of flexibility services. This FEG addresses the capabilities of a power system to maintain continuous service in the face of rapid and large swings in supply or demand. As such, a wholesale market infrastructure and new business models within this integrated FEG must be upgraded for network players, and offer incentives for new ones to join, while at the same time demonstrating new business perspectives for cross-border resource management and energy trading.




Energy Storage Devices


Book Description

Energy storage will be a very important part of the near future, and its effectiveness will be crucial for most future technologies. Energy can be stored in several different ways and these differ in terms of the type and the conversion method of the energy. Among those methods; chemical, mechanical, and thermal energy storage are some of the most favorable methods for containing energy. Current energy storage devices are still far from meeting the demands of new technological developments. Therefore, much effort has been put to improving the performance of different types of energy storage technologies in the last few decades.