IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v11y2018i1p246-d127821.html
   My bibliography  Save this article

Assessment of Future Whole-System Value of Large-Scale Pumped Storage Plants in Europe

Author

Listed:
  • Fei Teng

    (Department of Electrical and Electronic Engineering, Imperial College London, London SW7 2AZ, UK)

  • Danny Pudjianto

    (Department of Electrical and Electronic Engineering, Imperial College London, London SW7 2AZ, UK)

  • Marko Aunedi

    (Department of Electrical and Electronic Engineering, Imperial College London, London SW7 2AZ, UK)

  • Goran Strbac

    (Department of Electrical and Electronic Engineering, Imperial College London, London SW7 2AZ, UK)

Abstract

This paper analyses the impacts and benefits of the pumped storage plant (PSP) and its upgrade to variable speed on generation and transmission capacity requirements, capital costs, system operating costs and carbon emissions in the future European electricity system. The combination of a deterministic system planning tool, Whole-electricity System Investment Model (WeSIM), and a stochastic system operation optimisation tool, Advanced Stochastic Unit Commitment (ASUC), is used to analyse the whole-system value of PSP technology and to quantify the impact of European balancing market integration and other competing flexible technologies on the value of the PSP. Case studies on the Pan-European system demonstrate that PSPs can reduce the total system cost by up to €13 billion per annum by 2050 in a scenario with a high share of renewables. Upgrading the PSP to variable-speed drive enhances its long-term benefits by 10–20%. On the other hand, balancing market integration across Europe may potentially reduce the overall value of the variable-speed PSP, although the effect can vary across different European regions. The results also suggest that large-scale deployment of demand-side response (DSR) leads to a significant reduction in the value of PSPs, while the value of PSPs increases by circa 18% when the total European interconnection capacity is halved. The benefit of PSPs in reducing emissions is relatively negligible by 2030 but constitutes around 6–10% of total annual carbon emissions from the European power sector by 2050.

Suggested Citation

  • Fei Teng & Danny Pudjianto & Marko Aunedi & Goran Strbac, 2018. "Assessment of Future Whole-System Value of Large-Scale Pumped Storage Plants in Europe," Energies, MDPI, vol. 11(1), pages 1-19, January.
    • Handle: RePEc:gam:jeners:v:11:y:2018:i:1:p:246-:d:127821
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/11/1/246/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/11/1/246/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ingeborg Graabak & Stefan Jaehnert & Magnus Korpås & Birger Mo, 2017. "Norway as a Battery for the Future European Power System—Impacts on the Hydropower System," Energies, MDPI, vol. 10(12), pages 1-25, December.
    2. Sung-Min Cho & Sang-Yun Yun, 2017. "Optimal Power Assignment of Energy Storage Systems to Improve the Energy Storage Efficiency for Frequency Regulation," Energies, MDPI, vol. 10(12), pages 1-13, December.
    3. 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.
    4. Chang-Gi Min & Mun-Kyeom Kim, 2017. "Flexibility-Based Reserve Scheduling of Pumped Hydroelectric Energy Storage in Korea," Energies, MDPI, vol. 10(10), pages 1-13, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Spyros Giannelos & Stefan Borozan & Marko Aunedi & Xi Zhang & Hossein Ameli & Danny Pudjianto & Ioannis Konstantelos & Goran Strbac, 2023. "Modelling Smart Grid Technologies in Optimisation Problems for Electricity Grids," Energies, MDPI, vol. 16(13), pages 1-15, June.
    2. Yanyue Wang & Guohua Fang & Zhenni Wang, 2022. "The Benefit Realization Mechanism of Pumped Storage Power Plants Based on Multi-Dimensional Regulation and Leader-Follower Decision-Making," Energies, MDPI, vol. 15(16), pages 1-15, August.
    3. Georgiou, Solomos & Aunedi, Marko & Strbac, Goran & Markides, Christos N., 2020. "On the value of liquid-air and pumped-thermal electricity storage systems in low-carbon electricity systems," Energy, Elsevier, vol. 193(C).
    4. Christos S. Ioakimidis & Konstantinos N. Genikomsakis, 2018. "Integration of Seawater Pumped-Storage in the Energy System of the Island of São Miguel (Azores)," Sustainability, MDPI, vol. 10(10), pages 1-14, September.
    5. Rodica Loisel & Corentin Simon, 2021. "Market strategies for large-scale energy storage: Vertical integration versus stand-alone player," Post-Print hal-04475995, HAL.
    6. Loisel, Rodica & Simon, Corentin, 2021. "Market strategies for large-scale energy storage: Vertical integration versus stand-alone player," Energy Policy, Elsevier, vol. 151(C).
    7. Aunedi, Marko & Yliruka, Maria & Dehghan, Shahab & Pantaleo, Antonio Marco & Shah, Nilay & Strbac, Goran, 2022. "Multi-model assessment of heat decarbonisation options in the UK using electricity and hydrogen," Renewable Energy, Elsevier, vol. 194(C), pages 1261-1276.

    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.
    1. Skroufouta, S. & Baltas, E., 2021. "Investigation of hybrid renewable energy system (HRES) for covering energy and water needs on the Island of Karpathos in Aegean Sea," Renewable Energy, Elsevier, vol. 173(C), pages 141-150.
    2. Sakthivel, V.P. & Thirumal, K. & Sathya, P.D., 2022. "Short term scheduling of hydrothermal power systems with photovoltaic and pumped storage plants using quasi-oppositional turbulent water flow optimization," Renewable Energy, Elsevier, vol. 191(C), pages 459-492.
    3. Yang, Weijia & Yang, Jiandong, 2019. "Advantage of variable-speed pumped storage plants for mitigating wind power variations: Integrated modelling and performance assessment," Applied Energy, Elsevier, vol. 237(C), pages 720-732.
    4. Ghadi, Mojtaba Jabbari & Azizivahed, Ali & Mishra, Dillip Kumar & Li, Li & Zhang, Jiangfeng & Shafie-khah, Miadreza & Catalão, João P.S., 2021. "Application of small-scale compressed air energy storage in the daily operation of an active distribution system," Energy, Elsevier, vol. 231(C).
    5. Stenzel, Peter & Linssen, Jochen, 2016. "Concept and potential of pumped hydro storage in federal waterways," Applied Energy, Elsevier, vol. 162(C), pages 486-493.
    6. Bertsiou, M. & Feloni, E. & Karpouzos, D. & Baltas, E., 2018. "Water management and electricity output of a Hybrid Renewable Energy System (HRES) in Fournoi Island in Aegean Sea," Renewable Energy, Elsevier, vol. 118(C), pages 790-798.
    7. Năstase, Gabriel & Şerban, Alexandru & Năstase, Alina Florentina & Dragomir, George & Brezeanu, Alin Ionuţ & Iordan, Nicolae Fani, 2017. "Hydropower development in Romania. A review from its beginnings to the present," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 297-312.
    8. Zida Song & Quan Liu & Zhigen Hu & Chunsheng Zhang & Jinming Ren & Zhexin Wang & Jianhai Tian, 2020. "Construction Diversion Risk Assessment for Hydropower Development on Sediment-Rich Rivers," Energies, MDPI, vol. 13(4), pages 1-20, February.
    9. Bao, Bin & Chen, Wen & Wang, Quan, 2019. "A piezoelectric hydro-energy harvester featuring a special container structure," Energy, Elsevier, vol. 189(C).
    10. Liu, Dong & Wang, Xin & Peng, Yunshui & Zhang, Hui & Xiao, Zhihuai & Han, Xiangdong & Malik, O.P., 2020. "Stability analysis of hydropower units under full operating conditions considering turbine nonlinearity," Renewable Energy, Elsevier, vol. 154(C), pages 723-742.
    11. Vasudevan, Krishnakumar R. & Ramachandaramurthy, Vigna K. & Venugopal, Gomathi & Ekanayake, J.B. & Tiong, S.K., 2021. "Variable speed pumped hydro storage: A review of converters, controls and energy management strategies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    12. Manikas, Konstantinos & Skroufouta, Sofia & Baltas, Evangelos, 2024. "Simulation and evaluation of pumped hydropower storage (PHPS) system at Kastraki reservoir," Renewable Energy, Elsevier, vol. 222(C).
    13. Romeiro, Diogo Lisbona & Almeida, Edmar Luiz Fagundes de & Losekann, Luciano, 2020. "Systemic value of electricity sources – What we can learn from the Brazilian experience?," Energy Policy, Elsevier, vol. 138(C).
    14. 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).
    15. Graabak, I. & Korpås, M. & Jaehnert, S. & Belsnes, M., 2019. "Balancing future variable wind and solar power production in Central-West Europe with Norwegian hydropower," Energy, Elsevier, vol. 168(C), pages 870-882.
    16. Wu, Yunna & Zhang, Ting & Xu, Chuanbo & Zhang, Xiaoyu & Ke, Yiming & Chu, Han & Xu, Ruhang, 2019. "Location selection of seawater pumped hydro storage station in China based on multi-attribute decision making," Renewable Energy, Elsevier, vol. 139(C), pages 410-425.
    17. Gustavo Gontijo & Songda Wang & Tamas Kerekes & Remus Teodorescu, 2020. "New AC–AC Modular Multilevel Converter Solution for Medium-Voltage Machine-Drive Applications: Modular Multilevel Series Converter," Energies, MDPI, vol. 13(14), pages 1-48, July.
    18. Gao, Chunyang & Yu, Xiangyang & Nan, Haipeng & Guo, Pengcheng & Fan, Guoliang & Meng, Zhijie & Ge, Ye & Cai, Qingsen, 2024. "Rotating speed pulling-back control and adaptive strategy of doubly-fed variable speed pumped storage unit," Renewable Energy, Elsevier, vol. 232(C).
    19. Xu, Beibei & Zhang, Jingjing & Egusquiza, Mònica & Chen, Diyi & Li, Feng & Behrens, Paul & Egusquiza, Eduard, 2021. "A review of dynamic models and stability analysis for a hydro-turbine governing system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    20. Feng, Zhong-kai & Niu, Wen-jing & Cheng, Chun-tian & Zhou, Jian-zhong, 2017. "Peak shaving operation of hydro-thermal-nuclear plants serving multiple power grids by linear programming," Energy, Elsevier, vol. 135(C), pages 210-219.

    Corrections

    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:gam:jeners:v:11:y:2018:i:1:p:246-:d:127821. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.