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Medium-term flexibility options in a power plant portfolio - energy storage units vs. thermal units

 
: Genoese, Fabio; Genoese, Massimo; Wietschel, Martin

:

Institute of Electrical and Electronics Engineers -IEEE-:
9th International Conference on the European Energy Market, EEM 2012 : 10-12 May 2012, Florence, Italy
Piscataway, NJ: IEEE Operations Center, 2012
ISBN: 978-1-4673-0832-8 (Online)
ISBN: 978-1-4673-0834-2 (Print)
9 S.
International Conference on the European Energy Market (EEM) <9, 2012, Florence>
Englisch
Konferenzbeitrag
Fraunhofer ISI ()
electricity market; optimization; agent-based simulation

Abstract
Increasing the share of fluctuating renewables will require additional flexibility in the electricity system. In this paper, we present a model-based approach on how to measure the effect of additional flexibility. The agent-based market simulation model PowerACE has been enhanced to make use of optimization methods (MILP) for the unit commitment of the agents enabling us to quantify the economic benefit of flexibility at agent level. In this analysis, we compare the flexibility offered by thermal power plants to that offered by storage units for the case of existing power plant portfolios of the major German electricity generating companies. We find that for the medium-term (2020), additional storage units up to a total output of 2,000 megawatts and up to a total storage capacity of some 16,000 megawatt hours are economically more viable than gas or other fossil fuel fired power plants as they allow power plants to be dispatched in a more efficient way, i.e. less operation in part load and less start-up and shut-down events occur.

: http://publica.fraunhofer.de/dokumente/N-228127.html