Transmission and generation investment in electricity markets: The effects of market splitting and network fee regimes

Grimm, Veronika; Martín, Alexander; Schmidt, Martin; Weibelzahl, Martin; Zöttl, Gregor

doi:10.1016/j.ejor.2016.03.044

Cited by 104 publications

(40 citation statements)

References 43 publications

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“…This paper revolves around the idea of the meteorological capacity factor being no appropriate measure to describe the quality of a site, if shares of renewables are high and thus events of curtailment common. This is closely linked to the problem of decoupled generation and transmission in the power market leading to suboptimal investment choices [35][36][37][38].…”

Section: Discussionmentioning

confidence: 99%

Curtailment in a Highly Renewable Power System and Its Effect on Capacity Factors

Kies

Schyska

Bremen³

2016

Energies

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The capacity factor of a power plant is the ratio of generation over its potential generation. It is an important measure to describe wind and solar resources. However, the fluctuating nature of renewable power generation makes it difficult to integrate all generation at times. Whenever generation exceeds the load, curtailment or storage of energy is required. With increasing renewable shares in the power system, the level of curtailment will further increase. In this work, the influence of the curtailment on the capacity factors for a highly renewable German power system is studied. An effective capacity factor is introduced, and the implications for the distribution of renewable power plants are discussed. Three years of highly-resolved weather data were used to model wind and solar power generation. Together with historical load data and a transmission model, a possible future German power system was simulated. It is shown that effective capacity factors for unlimited transmission are strongly reduced by up to 60% (wind) and 70% (photovoltaics) and therefore of limited value in a highly renewable power system. Furthermore, the results demonstrate that wind power benefits more strongly from a reinforced transmission grid than photovoltaics (PV) does.

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Section: Discussionmentioning

confidence: 99%

Curtailment in a Highly Renewable Power System and Its Effect on Capacity Factors

Kies

Schyska

Bremen³

2016

Energies

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“…The predominant goal in the strategic design of electricity infrastructure is the reduction of investments and/or operational costs (Antunes et al, 2004;Antunes & Gomes, 2009;Grimm et al, 2016;Guo et al, 2016;Hobbs, 1995;Huppmann & Egerer, 2015;Lohmann & Rebennack, 2016).…”

Section: Strategic Planning Of Electricity Infrastructurementioning

confidence: 99%

Cost minimization of large-scale infrastructure for electricity generation and transmission

Märkle-Huß

Feuerriegel

Neumann

2020

Omega

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Electricity infrastructure confronts societies with immense costs as it must ensure the generation of power and its transmission to locations with consumption requirements. We minimize these costs by formulating an electricity generation and transmission problem that facilitates the design of electricity infrastructure on a macro level. Our problem specifies the capacity, type, and location of power plants and, at the same time, determines the appropriate arrangement of high-voltage transmission lines in order to fulfill the demand of individual cities. We specifically incorporate the non-linear nature of cost functions for power generation that are common in practice. This results in a mixed integer non-linear problem, for which the branch-and-reduce solver from GAMS exceeds runtime constraints, even for small instances with 25 locations. As a remedy, we develop heuristics based on the reduced variable neighborhood search and the greedy randomized adaptive search procedure (GRASP). Their performance enables us to address large-scale problems that arise in real-world applications. We demonstrate this with an actual, nationwide example that spans all 4,537 municipalities in Germany.

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“…Another difference electricity markets have with regard to other markets is that energy produced by a specific generator cannot be directed to a determined consumer because power is pooled in the transmission and distribution systems associated before being routed to the loads (13) . As consequence a failure in this type of system does not only affect to the parties involved in a transaction but all participants.…”

Section: Electricity Markets Characteristicsmentioning

confidence: 99%

Review of Electricity Markets for Smart Nano-Grids

Robalino

Torres

2019

inycomp

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Este artícul o se enfoca en revisar los mode los de mercados eléctricos y las característic as de las nano redes inteligentes, realizando un estudio de los aspectos principales, estructura e integración. Investigaciones previas son discutidas e ideas fundamentales son desarrolladas y explicadas, y finalmente variables y restricciones son expuestas para modelar un mercado eléctrico incluyendo las consideraciones para nano redes inteligentes

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Transmission and generation investment in electricity markets: The effects of market splitting and network fee regimes

Cited by 104 publications

References 43 publications

Curtailment in a Highly Renewable Power System and Its Effect on Capacity Factors

Curtailment in a Highly Renewable Power System and Its Effect on Capacity Factors

Cost minimization of large-scale infrastructure for electricity generation and transmission

Review of Electricity Markets for Smart Nano-Grids

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