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How to manage flexible nuclear power plants in a deregulated electricity market from the point of view of social welfare?

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  • Lykidi, Maria
  • Gourdel, Pascal

Abstract

Flexible nuclear power plants can adjust their electricity production to the predicted evolution of demand. Under certain conditions, flexible operation is necessary to ensure the stability of the electricity system. However, despite the potential advantages of nuclear energy including the flexibility of nuclear reactors, the social acceptance of nuclear has reduced after the Fukushima accident, leading some countries to reduce or even phase out nuclear (e.g. Germany). So, a question that arises is how flexible nuclear power plants have to be operated in order to maximize social welfare. The French nuclear fleet gives an illustration of flexible management while social acceptance of nuclear is questioned; this was reflected in the new French Energy Transition law. Theoretically and numerically, we found that the production behavior that maximizes social welfare is characterized by a constant thermal production and a totally flexible nuclear production given sufficient nuclear capacity.

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  • Lykidi, Maria & Gourdel, Pascal, 2015. "How to manage flexible nuclear power plants in a deregulated electricity market from the point of view of social welfare?," Energy, Elsevier, vol. 85(C), pages 167-180.
    • Handle: RePEc:eee:energy:v:85:y:2015:i:c:p:167-180
    DOI: 10.1016/j.energy.2015.03.032
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    4. Dong, Zhe & Pan, Yifei & Zhang, Zuoyi & Dong, Yujie & Huang, Xiaojin, 2018. "Dynamical modeling and simulation of the six-modular high temperature gas-cooled reactor plant HTR-PM600," Energy, Elsevier, vol. 155(C), pages 971-991.
    5. Jiang, Di & Dong, Zhe, 2019. "Practical dynamic matrix control of MHTGR-based nuclear steam supply systems," Energy, Elsevier, vol. 185(C), pages 695-707.
    6. Scharff, Richard & Amelin, Mikael, 2016. "Trading behaviour on the continuous intraday market Elbas," Energy Policy, Elsevier, vol. 88(C), pages 544-557.
    7. Dong, Zhe & Pan, Yifei & Zhang, Zuoyi & Dong, Yujie & Huang, Xiaojin, 2017. "Model-free adaptive control law for nuclear superheated-steam supply systems," Energy, Elsevier, vol. 135(C), pages 53-67.
    8. Crampes, Claude & Renault, Jérôme, 2018. "Supply flexibility in electricity markets," TSE Working Papers 18-964, Toulouse School of Economics (TSE).
    9. Lykidi, Maria & Gourdel, Pascal, 2017. "Optimal management of flexible nuclear power plants in a decarbonising competitive electricity market: The French case," Energy, Elsevier, vol. 132(C), pages 171-185.
    10. Lynch, Arthur & Perez, Yannick & Gabriel, Sophie & Mathonniere, Gilles, 2022. "Nuclear fleet flexibility: Modeling and impacts on power systems with renewable energy," Applied Energy, Elsevier, vol. 314(C).
    11. Zhe Dong & Yifei Pan & Zuoyi Zhang & Yujie Dong & Xiaojin Huang, 2017. "Modeling and Control of Fluid Flow Networks with Application to a Nuclear-Solar Hybrid Plant," Energies, MDPI, vol. 10(11), pages 1-21, November.
    12. Crampes, Claude & Renault, Jérôme, 2019. "How many markets for wholesale electricity when supply ispartially flexible?," Energy Economics, Elsevier, vol. 81(C), pages 465-478.
    13. Chen, Yingwen & Chen, Liuliu & Li, Peiwen & Xu, Yuan & Fan, Mengjie & Zhu, Shemin & Shen, Shubao, 2016. "Enhanced performance of microbial fuel cells by using MnO2/Halloysite nanotubes to modify carbon cloth anodes," Energy, Elsevier, vol. 109(C), pages 620-628.
    14. Dong, Zhe & Liu, Miao & Zhang, Zuoyi & Dong, Yujie & Huang, Xiaojin, 2019. "Automatic generation control for the flexible operation of multimodular high temperature gas-cooled reactor plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 108(C), pages 11-31.
    15. Alhadhrami, Saeed & Soto, Gabriel J & Lindley, Ben, 2023. "Dispatch analysis of flexible power operation with multi-unit small modular reactors," Energy, Elsevier, vol. 280(C).
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