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    Energy Markets and Effect of Renewable Energy Integration

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    Ravi Jain
    extile Notes related to fiber, yarn, fabric knowledge, spinning, weaving, processing, projects, knitting, Indian Traditional Textiles and denim manufacturing

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    Energy Markets and Effect of Renewable Energy Integration

    Uploaded by

    Ravi Jain
    19 views18 pages
    extile Notes related to fiber, yarn, fabric knowledge, spinning, weaving, processing, projects, knitting, Indian Traditional Textiles and denim manufacturing

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    Markets

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    extile Notes related to fiber, yarn, fabric knowledge, spinning, weaving, processing, projects, knitting, Indian Traditional Textiles and denim manufacturing

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    19 views18 pages

    Energy Markets and Effect of Renewable Energy Integration

    Uploaded by

    Ravi Jain
    extile Notes related to fiber, yarn, fabric knowledge, spinning, weaving, processing, projects, knitting, Indian Traditional Textiles and denim manufacturing

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 18

    Energy Markets and Effect of

    Renewable Energy Integration


    Vertically Integrated Utility
    • One utility handles generation, transmission
    and distribution in one geographical area
    • Quality power (constant voltage and
    frequency) has to be provided.
    • Prices were regulated.
    • Monopoly franchise
    • Regulatory oversight
    Advantage of Vertical Integration
    • Risk free investment in energy infrastructure
    • Avoidance of exploitation of customers due to
    monopoly
    • Usually government owned or supported
    Reasons for deregulation
    • Technological:
    --Increasing efficiency of smaller units
    --Computerized controls
    --Offsite monitoring of several units
    • Economic:
    --Infrastructure is built and paid of
    --Market based system lead to reduction of cost
    --Competition increases focus on customers
    Deregulated market
    • Unbundling of activities
    • Generators were financially separated from
    transmission
    • Transmission still usually is a monopoly
    • Competition is introduced in the generators
    • Deregulation started in early 1990s
    Energy Market
    • Power Purchase Agreements
    • Day Ahead and Real Time market
    • Day ahead market related to unit commitment
    and economic dispatch
    • Day ahead market prices are fixed in hourly basis.
    • Real time market takes care of imbalances in day
    ahead schedule and real time demand.
    • Prices are fixed few hours ahead
    • Power exchange India Limited
    Ancillary services market
    • Maintaining reliability
    • Forward Reserve Market : e.g. In US New
    England ISO there are 30 minute and 10
    minute non-spinning reserves.
    • Real Time reserves: Operating reserves are
    needed when there is a sudden loss of a large
    generator or a major transmission line during
    all periods
    Renewable Energy Integration
    • Wind and Solar resources are intermittent in
    nature.
    • Requires technological and market changes to
    accommodate these in grids.
    Merit order Dispatchable loads
    • Nuclear
    • Hydro
    • Coal
    • Natural Gas (CCGT)
    • Open cycle gas turbine
    • Petroleum
    Wind Solar being non-dispatchable pose new
    challenges.
    California Duck Curve
    South Australia Duck Curve
    Solar Thermal, Geothermal and
    Biomass
    • Geothermal and biomass are dispatchable
    renewable sources
    • Solar Thermal with thermal storage (cheaper
    than batteries) can also be dispatchable.
    • Crescent dunes power plant with thermal
    storge
    Battery
    • Battery prices are going down
    • For ancillary services batteries can be quite
    competitive as prices are high
    • Response time is small.
    • South Australia Tesla 100MW/120MWh
    battery
    • California Tesla 20MW batteries
    • May compete with peakers
    Maintaining reliability with renewable
    • Capacity Markets
    • T-4 years reverse auction of capacity services
    • T-1 reverse auction for capacity services
    • Demand Response and batteries can be part
    of capacity markets
    • PJM RTO and UK
    Curtailment of Renewable Energy
    • Can occur due to transmission congestion
    • Or due to excess production at low load periods
    • Negative prices reasons:
    --Conventional power plants are inflexible
    --In case of PPAs thay may be already paid for
    --May hae to run for reliability reasons
    --Renewables may run for production subsidies
    Energy Imbalance Market (EIM)
    • An EIM would pool in electricity generation within a
    region and dispatch resources.
    • This could moderate the variability of renewable
    generation resources and electricity demand on least
    cost basis.
    • Western Interconnection in US and Canada

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