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Value of demand flexibility on spot and reserve electricity markets in future power system with increased shares of variable renewable energy

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  • Roos, Aleksandra
  • Bolkesjø, Torjus Folsland

Abstract

The growing share of variable renewable energy (VRE) generation and the reduction in conventional power plant capacity creates challenges for power system operation. Increased variability of production causes increased reserve requirements while the number of reserve providers is reduced. For this reasons, power systems' flexibility is a major topic of research nowadays, and electricity demand is considered one of the most valuable flexibility sources.

Suggested Citation

  • Roos, Aleksandra & Bolkesjø, Torjus Folsland, 2018. "Value of demand flexibility on spot and reserve electricity markets in future power system with increased shares of variable renewable energy," Energy, Elsevier, vol. 144(C), pages 207-217.
  • Handle: RePEc:eee:energy:v:144:y:2018:i:c:p:207-217
    DOI: 10.1016/j.energy.2017.11.146
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Hungerford, Zoe & Bruce, Anna & MacGill, Iain, 2019. "The value of flexible load in power systems with high renewable energy penetration," Energy, Elsevier, vol. 188(C).
    2. Luo, Zhe & Hong, SeungHo & Ding, YueMin, 2019. "A data mining-driven incentive-based demand response scheme for a virtual power plant," Applied Energy, Elsevier, vol. 239(C), pages 549-559.
    3. Yanxue Li & Weijun Gao & Yingjun Ruan & Yoshiaki Ushifusa, 2018. "Grid Load Shifting and Performance Assessments of Residential Efficient Energy Technologies, a Case Study in Japan," Sustainability, MDPI, Open Access Journal, vol. 10(7), pages 1-19, June.
    4. Li, Yanxue & Gao, Weijun & Ruan, Yingjun & Ushifusa, Yoshiaki, 2018. "The performance investigation of increasing share of photovoltaic generation in the public grid with pump hydro storage dispatch system, a case study in Japan," Energy, Elsevier, vol. 164(C), pages 811-821.
    5. Heydarian-Forushani, Ehsan & Golshan, Mohamad Esmail Hamedani & Shafie-khah, Miadreza & Catalão, João P.S., 2020. "A comprehensive linear model for demand response optimization problem," Energy, Elsevier, vol. 209(C).
    6. Fattahi, Abbas & Nahavandi, Ali & Jokarzadeh, Mohammadreza, 2018. "A comprehensive reserve allocation method in a micro-grid considering renewable generation intermittency and demand side participation," Energy, Elsevier, vol. 155(C), pages 678-689.

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