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Most promising flexible generators for the wind dominated market

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  • Vorushylo, I.
  • Keatley, P.
  • Hewitt, NJ

Abstract

The intermittent nature of wind power and other forms of variable renewable energy requires complementary dispatchable flexible generators in order to guarantee the efficient, reliable and secure operation of electricity systems. The most popular solution to date has been peaking plant, usually in the form of open-cycle-gas- turbines (OCGT). Energy storage technologies have so far been considered too expensive, however technology development, as well as challenging renewable targets could potentially make storage economically viable. Although new advanced flexible combined-cycle gas turbines (CCGT) have been developed by some manufacturers, they have not yet been investigated in electricity market models. This paper describes a techno-economic assessment of the most suitable flexible technologies for the wind-dominated all Ireland electricity market (the Single Electricity Market (SEM)). The analysis is conducted by considering the impact of a series of policy scenarios which are compared in an electricity market model. The comparison is quantified using three primary metrics: technical benefits to the system, economic advantages to the consumer and investment viability. Modelling results suggest that advanced CCGT and energy storage solutions are the most advantageous, however they need strong governmental support to attract potential investors and guarantee deployment in the market.

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  • Vorushylo, I. & Keatley, P. & Hewitt, NJ, 2016. "Most promising flexible generators for the wind dominated market," Energy Policy, Elsevier, vol. 96(C), pages 564-575.
    • Handle: RePEc:eee:enepol:v:96:y:2016:i:c:p:564-575
    DOI: 10.1016/j.enpol.2016.06.037
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    References listed on IDEAS

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    Cited by:

    1. Vorushylo, Inna & Keatley, Patrick & Shah, Nikhilkumar & Green, Richard & Hewitt, Neil, 2018. "How heat pumps and thermal energy storage can be used to manage wind power: A study of Ireland," Energy, Elsevier, vol. 157(C), pages 539-549.
    2. Côté, Elizabeth & Salm, Sarah, 2022. "Risk-adjusted preferences of utility companies and institutional investors for battery storage and green hydrogen investment," Energy Policy, Elsevier, vol. 163(C).
    3. Glensk, Barbara & Madlener, Reinhard, 2019. "The value of enhanced flexibility of gas-fired power plants: A real options analysis," Applied Energy, Elsevier, vol. 251(C), pages 1-1.
    4. Waterson, Michael & Trujillo- Baute, Elisa & Giulietti, Monica, 2022. "Intermittency and the social role of storage," Energy Policy, Elsevier, vol. 165(C).
    5. Wang, Shurui & Huang, Ye & Vorushylo, Inna & Chen, Haisheng & McLarnon, Dominic & MacArtain, Paul & Hewitt, Neil, 2020. "Economic assessment of high renewable energy penetration scenario in 2030 on the interconnected Irish power system," Energy Policy, Elsevier, vol. 145(C).
    6. Bianco, Vincenzo & Scarpa, Federico, 2018. "Impact of the phase out of French nuclear reactors on the Italian power sector," Energy, Elsevier, vol. 150(C), pages 722-734.

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