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Gas-electricity coordination in competitive markets under renewable energy uncertainty

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IIT-14-068A.pdf (1.123Mb)
Date
2015-01-01
Author
Dueñas Martínez, Pablo
Leung, Tommy
Gil Medina, María
Reneses Guillén, Javier
Estado
info:eu-repo/semantics/publishedVersion
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Abstract
 
 
As climate concerns, low natural gas prices, and renewable technologies increase the electric power sector's dependence on natural gas-fired power plants, operational and investment models for gas and electric power systems will need to incorporate the interdependencies between these two systems to accurately capture the impacts of one on the other. Currently, few hybrid gas-electricity models exist. This paper reviews the state of the art for hybrid gas-electricity models and presents a new model and case study to illustrate a few potential coupling effects between gas and electric power systems. Specifically, the proposed model analyzes the optimal operation of gas-fired power plants in a competitive electricity market taking into consideration gas purchases, gas capacity contracting, and residual demand uncertainty for the generation company due to renewable energy sources.
 
URI
https:doi.org10.1109TPWRS.2014.2319588
Gas-electricity coordination in competitive markets under renewable energy uncertainty
Tipo de Actividad
Artículos en revistas
ISSN
0885-8950
Materias/ categorías / ODS
Instituto de Investigación Tecnológica (IIT)
Palabras Clave

Electric power market, natural gas market, optimization model, renewable energy integration, risk averseness
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