Hagspiel, Simeon, Knaut, Andreas and Peter, Jakob (2018). Reliability in Multi-regional Power Systems: Capacity Adequacy and the Role of Interconnectors. Energy J., 39 (5). S. 183 - 204. CLEVELAND: INT ASSOC ENERGY ECONOMICS. ISSN 1944-9089

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Abstract

Based upon probabilistic reliability metrics, we develop an optimization model to determine the efficient amount and location of firm generation capacity to achieve reliability targets in multi-regional electricity systems. A particular focus lies on the representation and contribution of transmission capacities as well as variable renewable resources. Calibrating our model with a comprehensive dataset for Europe, we find that there are substantial benefits from regional cooperation. The amount of firm generation capacity to meet a perfectly reliably system could be reduced by 36.2 GW (i.e., 6.4%) compared to an isolated regional approach, which translates to savings of 14.5 bn EUR. Interconnectors contribute in both directions, with capacity values up to their technical maximum of close to 200%, while wind power contributions are in the range of 3.8-29.5%. Furthermore, we find that specific reliability targets heavily impact the efficient amount and distribution of reliable capacity as well as the contribution of individual technologies.

Item Type: Journal Article
Creators:
CreatorsEmailORCIDORCID Put Code
Hagspiel, SimeonUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Knaut, AndreasUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Peter, JakobUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
URN: urn:nbn:de:hbz:38-175326
DOI: 10.5547/01956574.39.5.shag
Journal or Publication Title: Energy J.
Volume: 39
Number: 5
Page Range: S. 183 - 204
Date: 2018
Publisher: INT ASSOC ENERGY ECONOMICS
Place of Publication: CLEVELAND
ISSN: 1944-9089
Language: English
Faculty: Unspecified
Divisions: Unspecified
Subjects: no entry
Uncontrolled Keywords:
KeywordsLanguage
WIND POWER; ELECTRICITY; GENERATIONMultiple languages
Economics; Energy & Fuels; Environmental StudiesMultiple languages
Refereed: Yes
URI: http://kups.ub.uni-koeln.de/id/eprint/17532

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