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Impact of unit commitment and RoCoF constraints on revenue sufficiency in decarbonising wholesale electricity markets

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  • Marshman, Daniel
  • Brear, Michael
  • Ring, Brendan

Abstract

This paper examines the impact of unit commitment (UC) and rate of change of frequency (RoCoF) constraints on the performance and revenue sufficiency of decarbonising wholesale electricity markets. Different environmental policy and cost inputs are first used to produce increasingly decarbonised fleets with large differences in the uptake of wind, solar and flexible plant by using generation expansion (GE) planning without either of these constraints. The performance of these fleets is then assessed with and without UC and RoCoF constraints in a conventional economic dispatch (ED) framework.

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  • Marshman, Daniel & Brear, Michael & Ring, Brendan, 2022. "Impact of unit commitment and RoCoF constraints on revenue sufficiency in decarbonising wholesale electricity markets," Energy Economics, Elsevier, vol. 106(C).
    • Handle: RePEc:eee:eneeco:v:106:y:2022:i:c:s0140988321006046
    DOI: 10.1016/j.eneco.2021.105763
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    Cited by:

    1. Davis, Dominic & Brear, Michael J., 2024. "Impact of short-term wind forecast accuracy on the performance of decarbonising wholesale electricity markets," Energy Economics, Elsevier, vol. 130(C).

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