Title :
Generation portfolios with intermittent renewables: Is pumped-storage the efficient complement?
Author :
Steffen, Bjarne ; Weber, Christoph
Abstract :
Power systems with a high share of wind and solar power require a complementing generation portfolio to balance intermittent supply. Pumped-storage plants can provide the required flexibility, whereas gas plants offer an alternative solution. This paper presents a peak-load-pricing model to describe the efficient pumped-storage capacity for high-renewable scenarios in Germany. Sensitivities are derived from a stylized analytic model and confirmed by a quantitative optimization.
Keywords :
investment; power generation economics; pricing; pumped-storage power stations; Germany; efficient complement; gas plants; generation portfolios; high-renewable scenarios; intermittent renewables; intermittent supply; peak-load-pricing model; power systems; pumped-storage plants; quantitative optimization; Investments; Load modeling; Planning; Portfolios; Reservoirs; Turbines; energy storage; optimization; power system modeling;
Conference_Titel :
European Energy Market (EEM), 2012 9th International Conference on the
Conference_Location :
Florence
Print_ISBN :
978-1-4673-0834-2
Electronic_ISBN :
978-1-4673-0832-8
DOI :
10.1109/EEM.2012.6254788
