Review of models for integrating renewable energy in the generation expansion planning

Dagoumas, Athanasios; Koltsaklis, Nikolaos E.

doi:10.1016/j.apenergy.2019.03.194

Cited by 187 publications

(85 citation statements)

References 107 publications

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“…Hungerford et al [153] considered residential hot water systems as a flexible load to accommodate a high penetration of wind in the Australian Electricity Market. Dagoumas and Koltsaklis [154] classified and summarized a good number of power system planning models considering the integration of wind power. They discovered that all models have their pros and cons.…”

Section: Planning Challengesmentioning

confidence: 99%

Grid Integration Challenges of Wind Energy: A Review

et al. 2020

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The strengthening of electric energy security and the reduction of greenhouse gas emissions have gained enormous momentum in previous decades. The integration of large-scale intermittent renewable energy resources (RER) like wind energy into the existing electricity grids has increased significantly in the last decade. However, this integration poses many operational and control challenges that hamper the reliable and stable operation of the grids. This article aims to review the reported challenges caused by the integration of wind energy and the proposed solutions methodologies. Among the various challenges, the generation uncertainty, power quality issues, angular and voltage stability, reactive power support, and fault ride-through capability are reviewed and discussed. Besides, socioeconomic, environmental, and electricity market challenges due to the grid integration of wind power are also investigated. Many of the solutions used and proposed to mitigate the impact of these challenges, such as energy storage systems, wind energy policy, and grid codes, are also reviewed and discussed. This paper will assist the enthusiastic readers in seeing the full picture of wind energy integration challenges. It also puts in the hands of policymakers all aspects of the challenges so that they can adopt sustainable policies that support and overcome the difficulties facing the integration of wind energy into electricity grids. INDEX TERMS Angular stability, energy storage system, fault ride-through capability, frequency response, grid codes, reactive power support, voltage stability, wind intermittency. • Induction generator (squirrel cage (type 1) and wound rotor (type 2))

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Section: Planning Challengesmentioning

confidence: 99%

Grid Integration Challenges of Wind Energy: A Review

et al. 2020

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“…However, these publications discuss the assessment of the effects of tougher emission standards and limits imposed on the reduction of emissions generated by the power sector-both gaseous pollutants (SO 2 , NO X , PM) and greenhouse gases (primarily CO 2 ) [32][33][34]. The European perspective also often refers to an analysis of the impact of the increasing use of renewable energy sources (see [35] for an extended overview). Moreover, there is an increasing number of studies in which the authors (i.e., Lund and Mathiesen [36]; Child and Breyer [37]; Jacobson et al [38]; Child et al [39]) state that future transformation of the power sectors towards the use of 100% renewable energy sources is possible.…”

Section: Literature Reviewmentioning

confidence: 99%

Coal Demand and Environmental Regulations: A Case Study of the Polish Power Sector

Kaszyński

Kamiński

2020

Energies

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The impact of environmental regulations implemented in the power industry that affect the consumption of solid fuels is of key importance to coal-based power generation systems, such as that in Poland. In this context, the main purpose of the paper was to determine the future demand for hard coal and brown coal in the Polish power sector by 2050 with reference to the environmental regulations implemented in the power sector. To achieve these goals, a mathematical model was developed using the linear programming approach, which reflected the key relationships between the hard and brown coal mining sector and the power sector in the context of the environmental regulations discussed. The environmental regulations selected had a great influence on the future demand for hard and brown coal in the power generation sector. The scope of this influence depended on particular regulations. The prices of CO2 emission allowances and stricter emissions standards stemming from the Industrial Emissions Directive and the BAT (Best Available Techniques) conclusions had the largest influence on the reduction of hard coal demand. In the case of brown coal, no new power generating units would be deployed; hence, brown coal consumption would drop practically to zero in 2050 under all the scenarios considered.

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“…In particular, some studies attempted to obtain optimal operating plans with the objective of minimizing costs or maximizing the contribution of renewable energy source using the EGEAS [5][6][7][8]. On the other hand, the real option model has developed to evaluate the economic values of investment in real assets and make a strategic decision making whether to invest or not considering uncertain environment, and many studies have been conducted using real option methodologies that are appropriate for deriving economic value or optimal strategic decision path of RE R&D investment considering effects of uncertainties [9][10][11].…”

Section: Introductionmentioning

confidence: 99%

Real Option Valuation of the R&D Investment in Renewable Energy Considering the Effects of the Carbon Emission Trading Market: A Korean Case

Kim

Lee

2020

Energies

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A carbon market was introduced for the first time in January 2005, when the EU assigned carbon emission allowances to approximately 15,000 enterprises in 25 countries and established a market for emissions trading. In Korea, the carbon emission trading system started from January 2015 with three phases running up to 2025. As many countries have introduced carbon markets, new evaluation models that consider not only fossil energy prices but also carbon emission costs are necessary because additional costs of using fossil energy might have been incurred due to carbon emissions. The purpose of this paper is to develop a real option model that considers not only the uncertainty of existing fossil energy prices, but also the uncertainty of carbon emission rights prices, in evaluating the economic value of renewable energy R&D. Using the real option model, we attempted to assess the effects of the uncertainty of newly appearing carbon markets on the economic value of renewable energy R&D in Korea empirically. Furthermore, we derived an optimal decision path according to the uncertain future situations of fossil energy and carbon markets by analyzing a trinomial lattice model in which the optimal timings of R&D and deployment are identified.

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Review of models for integrating renewable energy in the generation expansion planning

Cited by 187 publications

References 107 publications

Grid Integration Challenges of Wind Energy: A Review

Grid Integration Challenges of Wind Energy: A Review

Coal Demand and Environmental Regulations: A Case Study of the Polish Power Sector

Real Option Valuation of the R&D Investment in Renewable Energy Considering the Effects of the Carbon Emission Trading Market: A Korean Case

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