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Utilising the flexible generation potential of tidal range power plants to optimise economic value

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  • Harcourt, Freddie
  • Angeloudis, Athanasios
  • Piggott, Matthew D.

Abstract

Tidal range renewable power plants have the capacity to deliver predictable energy to the electricity grid, subject to the known variability of the tides. Tidal power plants inherently feature advantages that characterise hydro-power more generally, including a lifetime exceeding alternative renewable energy technologies and relatively low Operation & Maintenance costs. Nevertheless, the technology is typically inhibited by the significant upfront investment associated with capital costs. A key aspect that makes the technology stand out relative to other renewable options is the partial flexibility it possesses over the timing of power generation. In this study we provide details on a design methodology targeted at the optimisation of the temporal operation of a tidal range energy structure, specifically the Swansea Bay tidal lagoon that has been proposed within the Bristol Channel, UK. Apart from concentrating on the classical incentive of maximising energy, we formulate an objective functional in a manner that promotes the maximisation of income for the scheme from the Day-Ahead energy market. Simulation results demonstrate that there are opportunities to exploit the predictability of the tides and flexibility over the precise timing of power generation to incur a noticeable reduction in the subsidy costs that are often negotiated with regulators and governments. Additionally, we suggest that this approach should enable tidal range energy to play a more active role in ensuring security of supply in the UK. This is accentuated by the income-based optimisation controls that deliver on average more power over periods when demand is higher. For the Swansea Bay tidal lagoon case study a 23% increase is observed in the income obtained following the optimisation of its operation compared to a non-adaptive operation. Similarly, a 10% increase relative to an energy-maximisation approach over a year’s operation suggests that simply maximising energy generation in a setting where power prices vary may not be an optimal strategy.

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  • Harcourt, Freddie & Angeloudis, Athanasios & Piggott, Matthew D., 2019. "Utilising the flexible generation potential of tidal range power plants to optimise economic value," Applied Energy, Elsevier, vol. 237(C), pages 873-884.
  • Handle: RePEc:eee:appene:v:237:y:2019:i:c:p:873-884
    DOI: 10.1016/j.apenergy.2018.12.091
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    Cited by:

    1. Pennock, Shona & Coles, Daniel & Angeloudis, Athanasios & Bhattacharya, Saptarshi & Jeffrey, Henry, 2022. "Temporal complementarity of marine renewables with wind and solar generation: Implications for GB system benefits," Applied Energy, Elsevier, vol. 319(C).
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    3. Hanousek, Nicolas & Ahmadian, Reza & Lesurf, Emma, 2023. "Providing distributed electrical generation through retrofitting disused docks as tidal range energy schemes," Renewable Energy, Elsevier, vol. 217(C).
    4. Angeloudis, Athanasios & Kramer, Stephan C. & Hawkins, Noah & Piggott, Matthew D., 2020. "On the potential of linked-basin tidal power plants: An operational and coastal modelling assessment," Renewable Energy, Elsevier, vol. 155(C), pages 876-888.
    5. Moreira, Túlio Marcondes & de Faria, Jackson Geraldo & Vaz-de-Melo, Pedro O.S. & Medeiros-Ribeiro, Gilberto, 2023. "Development and validation of an AI-Driven model for the La Rance tidal barrage: A generalisable case study," Applied Energy, Elsevier, vol. 332(C).
    6. Pappas, Konstantinos & Mackie, Lucas & Zilakos, Ilias & van der Weijde, Adriaan Hendrik & Angeloudis, Athanasios, 2023. "Sensitivity of tidal range assessments to harmonic constituents and analysis timeframe," Renewable Energy, Elsevier, vol. 205(C), pages 125-141.
    7. Todeschini, G. & Coles, D. & Lewis, M. & Popov, I. & Angeloudis, A. & Fairley, I. & Johnson, F. & Williams, A.J. & Robins, P. & Masters, I., 2022. "Medium-term variability of the UK's combined tidal energy resource for a net-zero carbon grid," Energy, Elsevier, vol. 238(PA).
    8. Mejia-Olivares, Carlos Joel & Haigh, Ivan D. & Angeloudis, Athanasios & Lewis, Matt J. & Neill, Simon P., 2020. "Tidal range energy resource assessment of the Gulf of California, Mexico," Renewable Energy, Elsevier, vol. 155(C), pages 469-483.
    9. Milad Shadman & Corbiniano Silva & Daiane Faller & Zhijia Wu & Luiz Paulo de Freitas Assad & Luiz Landau & Carlos Levi & Segen F. Estefen, 2019. "Ocean Renewable Energy Potential, Technology, and Deployments: A Case Study of Brazil," Energies, MDPI, vol. 12(19), pages 1-37, September.
    10. Aizhao Zhou & Xianwen Huang & Wei Wang & Pengming Jiang & Xinwei Li, 2021. "Thermo-Hydraulic Performance of U-Tube Borehole Heat Exchanger with Different Cross-Sections," Sustainability, MDPI, vol. 13(6), pages 1-20, March.
    11. Martí Barclay, Vicky & Neill, Simon P. & Angeloudis, Athanasios, 2023. "Tidal range resource of the Patagonian shelf," Renewable Energy, Elsevier, vol. 209(C), pages 85-96.
    12. Zoe Goss & Daniel Coles & Matthew Piggott, 2021. "Economic analysis of tidal stream turbine arrays: a review," Papers 2105.04718, arXiv.org.
    13. Xue, Jingjing & Ahmadian, Reza & Jones, Owen & Falconer, Roger A., 2021. "Design of tidal range energy generation schemes using a Genetic Algorithm model," Applied Energy, Elsevier, vol. 286(C).

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