Consequences of Uncertainty from Intraday Operations to a Capacity Expansion Model of the European Power System
Magnus A. Wendelborg,
Stian Backe,
Pedro Crespo del Granado
et al.
Abstract:The European Energy Transition envisions a high deployment of variable renewable energy sources (VRES) by 2050. Some estimates expect that 60-to-70% of power generation will be entirely covered by VRES technologies (i.e., solar and wind). This creates challenges for balancing VRES with conventional, flexible generation (e.g., gas and storage). Consequently, VRES are transforming how electricity markets will operate and how balancing needs between day-ahead (DA) and intraday (ID) electricity markets are coordin… Show more
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