Economic viability of pumped-storage power plants participating in the secondary regulation service
Author
Abstract
Suggested Citation
DOI: 10.1016/j.apenergy.2018.02.025
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Hahn, Henning & Hau, Daniel & Dick, Christian & Puchta, Matthias, 2017. "Techno-economic assessment of a subsea energy storage technology for power balancing services," Energy, Elsevier, vol. 133(C), pages 121-127.
- Walawalkar, Rahul & Apt, Jay & Mancini, Rick, 2007. "Economics of electric energy storage for energy arbitrage and regulation in New York," Energy Policy, Elsevier, vol. 35(4), pages 2558-2568, April.
- Das, Trishna & Krishnan, Venkat & McCalley, James D., 2015. "Assessing the benefits and economics of bulk energy storage technologies in the power grid," Applied Energy, Elsevier, vol. 139(C), pages 104-118.
- Deb, Rajat, 2000. "Operating Hydroelectric Plants and Pumped Storage Units in a Competitive Environment," The Electricity Journal, Elsevier, vol. 13(3), pages 24-32, April.
- Evans, Annette & Strezov, Vladimir & Evans, Tim J., 2012. "Assessment of utility energy storage options for increased renewable energy penetration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 4141-4147.
- Krishnan, Venkat & Das, Trishna, 2015. "Optimal allocation of energy storage in a co-optimized electricity market: Benefits assessment and deriving indicators for economic storage ventures," Energy, Elsevier, vol. 81(C), pages 175-188.
- Berrada, Asmae & Loudiyi, Khalid & Zorkani, Izeddine, 2016. "Valuation of energy storage in energy and regulation markets," Energy, Elsevier, vol. 115(P1), pages 1109-1118.
- Shafiee, Soroush & Zamani-Dehkordi, Payam & Zareipour, Hamidreza & Knight, Andrew M., 2016. "Economic assessment of a price-maker energy storage facility in the Alberta electricity market," Energy, Elsevier, vol. 111(C), pages 537-547.
- Steffen, Bjarne, 2012. "Prospects for pumped-hydro storage in Germany," Energy Policy, Elsevier, vol. 45(C), pages 420-429.
- Drury, Easan & Denholm, Paul & Sioshansi, Ramteen, 2011. "The value of compressed air energy storage in energy and reserve markets," Energy, Elsevier, vol. 36(8), pages 4959-4973.
- Pérez-Díaz, Juan I. & Chazarra, M. & García-González, J. & Cavazzini, G. & Stoppato, A., 2015. "Trends and challenges in the operation of pumped-storage hydropower plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 767-784.
- Barbour, Edward & Wilson, I.A. Grant & Radcliffe, Jonathan & Ding, Yulong & Li, Yongliang, 2016. "A review of pumped hydro energy storage development in significant international electricity markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 61(C), pages 421-432.
- Beevers, D. & Branchini, L. & Orlandini, V. & De Pascale, A. & Perez-Blanco, H., 2015. "Pumped hydro storage plants with improved operational flexibility using constant speed Francis runners," Applied Energy, Elsevier, vol. 137(C), pages 629-637.
- Connolly, D. & Lund, H. & Finn, P. & Mathiesen, B.V. & Leahy, M., 2011. "Practical operation strategies for pumped hydroelectric energy storage (PHES) utilising electricity price arbitrage," Energy Policy, Elsevier, vol. 39(7), pages 4189-4196, July.
- Ardizzon, G. & Cavazzini, G. & Pavesi, G., 2014. "A new generation of small hydro and pumped-hydro power plants: Advances and future challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 746-761.
- Pearre, Nathaniel S. & Swan, Lukas G., 2015. "Technoeconomic feasibility of grid storage: Mapping electrical services and energy storage technologies," Applied Energy, Elsevier, vol. 137(C), pages 501-510.
- Deane, J.P. & Ó Gallachóir, B.P. & McKeogh, E.J., 2010. "Techno-economic review of existing and new pumped hydro energy storage plant," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(4), pages 1293-1302, May.
- Bradbury, Kyle & Pratson, Lincoln & Patiño-Echeverri, Dalia, 2014. "Economic viability of energy storage systems based on price arbitrage potential in real-time U.S. electricity markets," Applied Energy, Elsevier, vol. 114(C), pages 512-519.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Martínez-Lucas, Guillermo & Pérez-Díaz, Juan I. & Chazarra, Manuel & Sarasúa, José I. & Cavazzini, Giovanna & Pavesi, Giorgio & Ardizzon, Guido, 2019. "Risk of penstock fatigue in pumped-storage power plants operating with variable speed in pumping mode," Renewable Energy, Elsevier, vol. 133(C), pages 636-646.
- Ding, Jie & Xu, Yujie & Chen, Haisheng & Sun, Wenwen & Hu, Shan & Sun, Shuang, 2019. "Value and economic estimation model for grid-scale energy storage in monopoly power markets," Applied Energy, Elsevier, vol. 240(C), pages 986-1002.
- Banshwar, Anuj & Sharma, Naveen Kumar & Sood, Yog Raj & Shrivastava, Rajnish, 2019. "Market-based participation of energy storage scheme to support renewable energy sources for the procurement of energy and spinning reserve," Renewable Energy, Elsevier, vol. 135(C), pages 326-344.
- Li, Yanxue & Gao, Weijun & Ruan, Yingjun & Ushifusa, Yoshiaki, 2018. "The performance investigation of increasing share of photovoltaic generation in the public grid with pump hydro storage dispatch system, a case study in Japan," Energy, Elsevier, vol. 164(C), pages 811-821.
- Jiawei Ye & Wei Zeng & Zhigao Zhao & Jiebin Yang & Jiandong Yang, 2020. "Optimization of Pump Turbine Closing Operation to Minimize Water Hammer and Pulsating Pressures During Load Rejection," Energies, MDPI, vol. 13(4), pages 1-18, February.
- Li, Yanxue & Gao, Weijun & Ruan, Yingjun, 2019. "Potential and sensitivity analysis of long-term hydrogen production in resolving surplus RES generation—a case study in Japan," Energy, Elsevier, vol. 171(C), pages 1164-1172.
- Juan I. Pérez‐Díaz & Marcos Lafoz & Frank Burke, 2020. "Integration of fast acting energy storage systems in existing pumped‐storage power plants to enhance the system's frequency control," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 9(2), March.
- Chao Xing & Jiajie Xiao & Xinze Xi & Jingtao Li & Peiqiang Li & Shipeng Zhang, 2024. "Two-Layer Optimal Scheduling and Economic Analysis of Composite Energy Storage with Thermal Power Deep Regulation Considering Uncertainty of Source and Load," Energies, MDPI, vol. 17(19), pages 1-20, September.
- Mensah, Johnson Herlich Roslee & Santos, Ivan Felipe Silva dos & Raimundo, Danielle Rodrigues & Costa de Oliveira Botan, Maria Cláudia & Barros, Regina Mambeli & Tiago Filho, Geraldo Lucio, 2022. "Energy and economic study of using Pumped Hydropower Storage with renewable resources to recover the Furnas reservoir," Renewable Energy, Elsevier, vol. 199(C), pages 320-334.
- Rassiah Raja Singh & Manickavel Baranidharan & Umashankar Subramaniam & Mahajan Sagar Bhaskar & Shriram S. Rangarajan & Hany A. Abdelsalam & Edward Randolph Collins & Tomonobu Senjyu, 2022. "An Energy-Efficient Start-Up Strategy for Large Variable Speed Hydro Pump Turbine Equipped with Doubly Fed Asynchronous Machine," Energies, MDPI, vol. 15(9), pages 1-19, April.
- Chen, Sheng & Wang, Jing & Zhang, Jian & Yu, Xiaodong & He, Wei, 2020. "Transient behavior of two-stage load rejection for multiple units system in pumped storage plants," Renewable Energy, Elsevier, vol. 160(C), pages 1012-1022.
- Nasir, Jehanzeb & Javed, Adeel & Ali, Majid & Ullah, Kafait & Kazmi, Syed Ali Abbas, 2022. "Capacity optimization of pumped storage hydropower and its impact on an integrated conventional hydropower plant operation," Applied Energy, Elsevier, vol. 323(C).
- Jarosław Kulpa & Michał Kopacz & Kinga Stecuła & Piotr Olczak, 2024. "Pumped Storage Hydropower as a Part of Energy Storage Systems in Poland—Młoty Case Study," Energies, MDPI, vol. 17(8), pages 1-23, April.
- Morabito, Alessandro & Hendrick, Patrick, 2019. "Pump as turbine applied to micro energy storage and smart water grids: A case study," Applied Energy, Elsevier, vol. 241(C), pages 567-579.
- Lan, Xinyao & Jin, Jiahui & Xu, Beibei & Chen, Diyi & Egusquiza, Mònica & Kim, Jin-Hyuk & Egusquiza, Eduard & Jafar, Nejadali & Xu, Lin & Kuang, Yuan, 2022. "Physical model test and parametric optimization of a hydroelectric generating system with a coaxial shaft surge tank," Renewable Energy, Elsevier, vol. 200(C), pages 880-899.
- Menéndez, Javier & Fernández-Oro, Jesús M. & Galdo, Mónica & Loredo, Jorge, 2019. "Pumped-storage hydropower plants with underground reservoir: Influence of air pressure on the efficiency of the Francis turbine and energy production," Renewable Energy, Elsevier, vol. 143(C), pages 1427-1438.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Antweiler, Werner, 2021. "Microeconomic models of electricity storage: Price Forecasting, arbitrage limits, curtailment insurance, and transmission line utilization," Energy Economics, Elsevier, vol. 101(C).
- Zakeri, Behnam & Syri, Sanna, 2015. "Electrical energy storage systems: A comparative life cycle cost analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 569-596.
- Berrada, Asmae & Loudiyi, Khalid & Zorkani, Izeddine, 2016. "Valuation of energy storage in energy and regulation markets," Energy, Elsevier, vol. 115(P1), pages 1109-1118.
- Cavazzini, Giovanna & Houdeline, Jean-Bernard & Pavesi, Giorgio & Teller, Olivier & Ardizzon, Guido, 2018. "Unstable behaviour of pump-turbines and its effects on power regulation capacity of pumped-hydro energy storage plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 399-409.
- McConnell, Dylan & Forcey, Tim & Sandiford, Mike, 2015. "Estimating the value of electricity storage in an energy-only wholesale market," Applied Energy, Elsevier, vol. 159(C), pages 422-432.
- Stenzel, Peter & Linssen, Jochen, 2016. "Concept and potential of pumped hydro storage in federal waterways," Applied Energy, Elsevier, vol. 162(C), pages 486-493.
- Arcos-Vargas, Ángel & Canca, David & Núñez, Fernando, 2020. "Impact of battery technological progress on electricity arbitrage: An application to the Iberian market," Applied Energy, Elsevier, vol. 260(C).
- Núñez, Fernando & Canca, David & Arcos-Vargas, Ángel, 2022. "An assessment of European electricity arbitrage using storage systems," Energy, Elsevier, vol. 242(C).
- Emmanouil, Stergios & Nikolopoulos, Efthymios I. & François, Baptiste & Brown, Casey & Anagnostou, Emmanouil N., 2021. "Evaluating existing water supply reservoirs as small-scale pumped hydroelectric storage options – A case study in Connecticut," Energy, Elsevier, vol. 226(C).
- Goteti, Naga Srujana & Hittinger, Eric & Sergi, Brian & Lima Azevedo, Inês, 2021. "How does new energy storage affect the operation and revenue of existing generation?," Applied Energy, Elsevier, vol. 285(C).
- Krishnan, Venkat & Das, Trishna, 2015. "Optimal allocation of energy storage in a co-optimized electricity market: Benefits assessment and deriving indicators for economic storage ventures," Energy, Elsevier, vol. 81(C), pages 175-188.
- Blanco, Herib & Faaij, André, 2018. "A review at the role of storage in energy systems with a focus on Power to Gas and long-term storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 1049-1086.
- Nzotcha, Urbain & Nsangou, Jean Calvin & Kenfack, Joseph & Ngohe-Ekam, Paul Salomon & Hamandjoda, Oumarou & Bignom, Blaise, 2021. "Combining electric energy storage and deep-lake degassing by means of pumped hydropower," Applied Energy, Elsevier, vol. 304(C).
- Fernando N'u~nez & David Canca & 'Angel Arcos-Vargas, 2020. "An assessment of European electricity arbitrage using storage systems," Papers 2010.11912, arXiv.org.
- Guittet, Mélanie & Capezzali, Massimiliano & Gaudard, Ludovic & Romerio, Franco & Vuille, François & Avellan, François, 2016. "Study of the drivers and asset management of pumped-storage power plants historical and geographical perspective," Energy, Elsevier, vol. 111(C), pages 560-579.
- Ding, Jie & Xu, Yujie & Chen, Haisheng & Sun, Wenwen & Hu, Shan & Sun, Shuang, 2019. "Value and economic estimation model for grid-scale energy storage in monopoly power markets," Applied Energy, Elsevier, vol. 240(C), pages 986-1002.
- Berrada, Asmae & Loudiyi, Khalid & Zorkani, Izeddine, 2017. "Profitability, risk, and financial modeling of energy storage in residential and large scale applications," Energy, Elsevier, vol. 119(C), pages 94-109.
- Mahfoud, Rabea Jamil & Alkayem, Nizar Faisal & Zhang, Yuquan & Zheng, Yuan & Sun, Yonghui & Alhelou, Hassan Haes, 2023. "Optimal operation of pumped hydro storage-based energy systems: A compendium of current challenges and future perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 178(C).
- Zafirakis, Dimitrios & Chalvatzis, Konstantinos J. & Baiocchi, Giovanni & Daskalakis, George, 2013. "Modeling of financial incentives for investments in energy storage systems that promote the large-scale integration of wind energy," Applied Energy, Elsevier, vol. 105(C), pages 138-154.
- Barbour, Edward & Wilson, I.A. Grant & Radcliffe, Jonathan & Ding, Yulong & Li, Yongliang, 2016. "A review of pumped hydro energy storage development in significant international electricity markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 61(C), pages 421-432.
More about this item
Keywords
Pumped storage plant; Secondary regulation service; Variable speed technology; Hydraulic short-circuit operation; Economic viability;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:216:y:2018:i:c:p:224-233. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.