Related papers: Capacity Value of Solar Power and Other Variable G…
The total amount of solar irradiance falling on the earth's surface is an important area of study amongst the photo-voltaic (PV) engineers and remote sensing analysts. The received solar irradiance impacts the total amount of generated…
Recent environmental policies have led many academic, industrial and governmental stakeholders to design and plan scenarios with very high share of renewable energy sources (RES). New system elements such as High-voltage Direct Current…
The energy market, and specifically the renewable sector carries volatility and risks, similar to the financial market. Here, we leverage on a well-established, return-risk approach, commonly used by equity portfolio-managers and apply it…
This paper presents a framework for deriving the storage capacity that an electricity system requires in order to satisfy a chosen risk appetite. The framework takes as inputs user-defined event categories, parameterised by peak…
Solar energy is one of the most important sources of renewable energy and the cleanest form of energy. In India, where solar energy could produce power around trillion kilowatt-hours in a year, our country is only able to produce power of…
Commercial electricity production from marine renewable sources is becoming a necessity at a global scale. Offshore wind and solar resources can be combined to reduce construction and maintenance costs. In this respect, the aim of this…
The ambitious targets for renewable energy penetration warrant huge flexibility in the power system. Such flexibility does not come free. In this paper, we examine the possibility of utilizing storage systems for achieving high renewable…
The high penetration of volatile renewable energy sources such as solar make methods for coping with the uncertainty associated with them of paramount importance. Probabilistic forecasts are an example of these methods, as they assist…
Active distribution system with high penetration of inverter based distributed energy resources (DER) can be utilized for VAR-related ancillary services. To utilize the DER flexibility, transmission system operator (TSO) must be presented…
High variability of solar PV and sudden changes in load (e.g., electric vehicles and storage) can lead to large voltage fluctuations in the distribution system. In recent years, a number of controllers have been designed to optimize voltage…
Energy crisis has forced many countries to think of a replacement for energy supply. Renewable energy sources as firendly environment sources play a pivotal role in producing clean energy for various sectors in industry. Gas emissions…
Environmental, economical and technical benefits of photovoltaic (PV) systems make them to be used in many countries. The main characteristic of PV systems is the fluctuations of their output power. Hence, high penetration of PV systems…
Over the last few decades, electricity markets around the world have adopted multi-settlement structures, allowing for balancing of supply and demand as more accurate forecast information becomes available. Given increasing uncertainty due…
As humanity accelerates its shift to renewable energy generation, people who are not experts in renewable energy are learning about energy technologies and the energy market, which are complex. The answers to some questions will be obvious…
Reliability Options are capacity remuneration mechanisms aimed at enhancing security of supply in electricity systems. They can be framed as call options on electricity sold by power producers to System Operators. This paper provides a…
At present, electricity markets largely ignore the fact that renewable power producers impose significant externalities on non-renewable energy producers. This is because consumers are generally guaranteed electricity within certain load…
Use of lighter than air platforms (aerostats and airships) for reconnaissance and surveillance over long periods can be facilitated by generation of power on-board through solar photovoltaic arrays. Attempts to integrate solar photovoltaic…
The integration of more intermittent generation, energy storage, and dynamic loads on top of a competitive market environment requires future grids to handle increasing diversity of power injection states. Grid planners need new tools and…
Despite the increasing importance of forecasts of renewable energy, current planning studies only address a general estimate of the forecast quality to be expected and selected forecast horizons. However, these estimates allow only a…
We propose to study electricity capacity remuneration mechanism design through a Principal-Agent approach. The Principal represents the aggregation of electricity consumers (or a representative entity), subject to the physical risk of…