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Incentives to value the dispatchable fleet’s operational flexibility across energy markets

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Incentives to value the dispatchable fleet’s operational flexibility across energy markets (Band 57)

Eglantine Künle (Autor)


Inhaltsverzeichnis, PDF (550 KB)
Leseprobe, PDF (610 KB)

ISBN-13 (Printausgabe) 9783736998902
ISBN-13 (E-Book) 9783736988903
Sprache Englisch
Seitenanzahl 208
Auflage 1.
Buchreihe Schriftenreihe des Energie-Forschungszentrums Niedersachsen (EFZN)
Band 57
Erscheinungsort Göttingen
Promotionsort Clausthal
Erscheinungsdatum 07.11.2018
Allgemeine Einordnung Dissertation
Fachbereiche Energietechnik
Schlagwörter Operational flexibility value quantification, European and liberalized electricity markets, spot markets, frequency control markets, conventional power plant flexibility, self-dispatch, unit commitment, power plant dispatch optimization
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The work at hand participates with the energy transition toward decarbonized electricity production by providing a method to analyze the incentives for the dispatchable fleet to provide flexibility. It analyzes the signals set by the energy markets to investors and power plant operators regarding flexible power plant operation and the future requirement of thermal plant flexibilisation, with improvement suggestions. A method for the quantitative, long-term, high-resolution techno-economic assessment of an individual power plant’s operational flexibility is proposed. It includes the single unit self-scheduling problem of a merchant power plant solved from a price-taker perspective in the day-ahead, intraday and frequency control markets, as well as a parametric power plant model suited for operational flexibility assessments. The retroactive observation of the merchant power plants’ operation strategies in these markets is used to identify best practices in terms of market design for flexibility incentives. The value of operational flexibility improvements is quantified using various metrics, for different technologies and market environments. Despite their sensitivity to market design, technologies and cost structures, these results indicate that if investors further expect a three to five-year return on investment, the existing European conventional fleet is unlikely to experience a significant flexibilization.