Analysing the effect of increasing renewable capacities in Great Britain on the regional allocation and wholesale prices

Abstract

Great Britain has begun to implement significant modifications that are ought to change the national electricity generation. Adding a large amount of renewable capacity to the energy mix will impact different areas of energy use from the landscape used for installation to the electricity market. This study presents an approach to determine the optimal locations of renewable energy installation based on predictions of renewable expansion under consideration of grid constraints. The occurring cost are analysed with regard to the expansion cost and the impact on the wholesale electricity prices.

Impact of renewable energy in Indian electric power system

“…Lupo et al [41] have analyzed the effect of increasing renewable capacities in Great Britain, by determining spatial distribution of RPG expansion and demand and electricity wholesale market price effects and determined the cost of the transformation path and its influence on the British electricity prices. Liu et al [42] have laid out the prospects for research on key technologies such as structural morphology prediction of AC-DC hybrid systems, exploring AC-DC coupling interaction, uncertainty modeling, operation simulation, improving model solution algorithm, and comprehensive scheme evaluation.…”