Economic assessment of virtual power plants in the German energy market — A scenario-based and model-supported analysis

Loßner, Martin; Böttger, Diana; Brückner, Thomas

doi:10.1016/j.eneco.2016.12.008

Cited by 57 publications

(24 citation statements)

References 12 publications

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“…The theoretical contribution of this study was the proposal of the two-tier scenario planning method, through the two-stage scenario analysis and policy planning process, which has a more refined current scenario planning procedure. Referring to methodology of the scenario planning model in the last five years, most studies [12,[29][30][31][32][33][34][35][36] employed the one-tier model. However, lacking comprehensive consideration has been the major drawback for the one-tier model, because a single committee has to complete two challenging tasks: Scenario development and policy planning.…”

Section: Discussionmentioning

confidence: 99%

“…They employed a broader consideration of causes; that is, incorporating Aristotle's nuanced analysis of causation, to conduct the scenario development. Loßner [35] assessed the economic performance of virtual power plants by the scenario-based and model-supported analysis. Loßner depicted the future energy market conditions from employing the scenario methodology.…”

Section: Does Not Consider Possible Impacts Of the Causal Relationshimentioning

confidence: 99%

“…The degree of maturity of renewable energy technology refers to environmental science, environmental monitoring, clean energy, and green chemistry to conserve the natural resources and environment in order to attain a high degree of reliability. The spectrum of the degree of maturity ranged from the well-established to the less mature [35]. For example, Huang, et al [41] compared the difference in the results with and without market diffusion curves through scenario analysis, and proved the necessity of incorporating the diffusion curve setting of emerging technology market into the linear programming model.…”

Section: Stage 1: the First-tier Committee: Scenario Analysis Committeementioning

confidence: 99%

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A Two-Tier Scenario Planning Model of Environmental Sustainability Policy in Taiwan

Chen

Huang

2019

Sustainability

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This study proposes a two-tier scenario planning model, consisting of scenario development and policy portfolio planning, to demonstrate the environmental sustainability policy planning process. Scenario development embodies future scenarios that incorporate the uncertainties regarding the decision values and technological alternatives. Policy portfolio planning is used to assess the selected policy alternatives under each scenario and to develop a robust and responsive plan. We organized first- and second-tier committees of 10–12 experts from diverse professional fields to undertake environmental sustainability policy planning in Taiwan. The first-tier committee generated three scenarios: “live at the mercy of the elements”, “industry convergence”, and “technology pilot”. The second-tier committee ensured that, from cradle-to-cradle (C2C), green supply chain management (GSCM), and industry symbiosis (IS), life-cycle type policies enhance green willingness and capabilities in the businesses. This is the first study to consider the first-tier process with scenario development and the second-tier process with policy portfolio planning for environmental sustainability, and contributes by considering intuitive logics approach-based scenarios and robust policies for extant portfolio plans, providing life-cycle- type policy profiles in environmental sustainability.

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Section: Discussionmentioning

confidence: 99%

Section: Does Not Consider Possible Impacts Of the Causal Relationshimentioning

confidence: 99%

Section: Stage 1: the First-tier Committee: Scenario Analysis Committeementioning

confidence: 99%

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A Two-Tier Scenario Planning Model of Environmental Sustainability Policy in Taiwan

Chen

Huang

2019

Sustainability

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“…While large-scale electricity storage may lead to better economies of scale, the current trend of household storage combined with PV is gaining momentum (also thanks to dedicated incentive schemes). There are already some examples [56][57][58] of "virtual power plants", i.e., the aggregation of multiple small-size units (including generation units, storage units as well as demand side management) via dedicated web platforms to reach the minimum power required by regulations to participate to the market. Those business models may continue to evolve, while an alternative possibility would be the expansion of the markets towards smaller units, but at the cost of a significant increase of their operational complexity.…”

Section: Policy Recommendationsmentioning

confidence: 99%

Impact of Grid-Scale Electricity Storage and Electric Vehicles on Renewable Energy Penetration: A Case Study for Italy

et al. 2019

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Storage technologies are progressively emerging as a key measure to accommodate high shares of intermittent renewables with a view to guarantee their effective integration towards a profound decarbonisation of existing energy systems. This study aims to evaluate to what extent electricity storage can contribute to a significant renewable penetration by absorbing otherwise-curtailed renewable surplus and quantitatively defines the associated costs. Under a Smart Energy System perspective, a variety of future scenarios are defined for the Italian case based on a progressively increasing renewable and storage capacity feeding an ever-larger electrified demand mostly made up of electric vehicles and, to some extent, heat pumps and power-to-gas/liquid technologies. Results are compared in terms of crucial environmental and techno-economic indicators and discussed with respect to storage operating parameters. The outcome of this analysis reveals the remarkable role of electricity storage in increasing system flexibility and reducing, in the range 24–44%, the renewable capacity required to meet a given sustainability target. Nonetheless, such achievements become feasible only under relatively low investment and operating costs, condition that excludes electrochemical storage solutions and privileges low-cost alternatives that at present, however, exist only at a pilot or demonstration scale.

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“…There are several publications that take various aspects into consideration (low operation cost, reduction of fuel consumption, low carbon dioxide emission) and therefore algorithms for economic dispatching of CHP are proposed [14][15][16][17][18]. A model for economic assessment of virtual power plants using the scenario methodology is presented in [19].…”

Section: Introductionmentioning

confidence: 99%

The Operating Strategies of Small-Scale Combined Heat and Power Plants in Liberalized Power Markets

Atănăsoae

2018

Energies

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Distributed generation is a good option for future energy systems with respect to sustainable development. In this context, the small-scale combined heat and power (CHP) plants are seen as an efficient way to reduce greenhouse gas emissions due to lower fuel consumption compared to the separate generation of the heat and electricity. The objective of this paper is to establish operating strategies of the small-scale CHP plants to reduce operational cost and increase revenue in liberalized electricity markets. It analyzes a cogeneration plant with organic Rankine cycle and biomass fuel under the conditions of the Romanian electricity market and the green certificates support scheme for electricity generated in high efficiency cogeneration and from renewable sources. The main finding is that choosing an appropriate mode of operation and using correlated prices of heat and electricity can increase the trading profitability of a CHP plant in liberalized power markets. This can be done by an analysis of the particularities and the specific operating conditions of the CHP plant. The results show that the operating strategies of the CHP plant can yield substantial net revenues from electricity and heat sales. The CHP plant can be economically operated to a useful heat load of more than 40% when operating strategies are applied.

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Economic assessment of virtual power plants in the German energy market — A scenario-based and model-supported analysis

Cited by 57 publications

References 12 publications

A Two-Tier Scenario Planning Model of Environmental Sustainability Policy in Taiwan

A Two-Tier Scenario Planning Model of Environmental Sustainability Policy in Taiwan

Impact of Grid-Scale Electricity Storage and Electric Vehicles on Renewable Energy Penetration: A Case Study for Italy

The Operating Strategies of Small-Scale Combined Heat and Power Plants in Liberalized Power Markets

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