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Integration of Fluctuating Renewable Energy in Europe

In: Operations Research Proceedings 2011

Author

Listed:
  • Stephan Spiecker

    (University of Duisburg-Essen)

  • Christoph Weber

    (University of Duisburg-Essen)

Abstract

With increasing amounts of power generation from intermittent sources like wind and solar, capacity planning has not only to account for the expected load variations but also for the stochastics of volatile power feed-in. Moreover investments in power generation are no longer centrally planned in deregulated power markets but rather decided on competitive grounds by individual power companies. This poses particular challenges when it comes to dispatch. Within this article an approach is presented which allows assessing electricity market development in the presence of stochastic power feed-in and endogenous investments of power plants and renewable energies.

Suggested Citation

  • Stephan Spiecker & Christoph Weber, 2012. "Integration of Fluctuating Renewable Energy in Europe," Operations Research Proceedings, in: Diethard Klatte & Hans-Jakob Lüthi & Karl Schmedders (ed.), Operations Research Proceedings 2011, edition 127, pages 141-146, Springer.
    • Handle: RePEc:spr:oprchp:978-3-642-29210-1_23
    DOI: 10.1007/978-3-642-29210-1_23
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    Citations

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    Cited by:

    1. Sinn, Hans-Werner, 2017. "Buffering volatility: A study on the limits of Germany's energy revolution," European Economic Review, Elsevier, vol. 99(C), pages 130-150.
    2. repec:dau:papers:123456789/14119 is not listed on IDEAS
    3. Jan Horst Keppler & Sébastien Phan & Yannick Le Pen & Charlotte Boureau, 2017. "The Impact of Intermittent Renewable Production and Market Coupling on the Convergence of French and German Electricity Prices," Working Papers hal-01599700, HAL.
    4. Spiecker, S. & Eickholt, V. & Weber, C., 2014. "The impact of carbon capture and storage on a decarbonized German power market," Energy Economics, Elsevier, vol. 43(C), pages 166-177.

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