40,079 research outputs found
The Value of Concentrating Solar Power and Thermal Energy Storage
This paper examines the value of concentrating solar power (CSP) and thermal energy storage (TES) in four regions in the southwestern United States. Our analysis shows that TES can increase the value of CSP by allowing more thermal energy from a CSP plant’s solar field to be used, by allowing a CSP plant to accommodate a larger solar field, and by allowing CSP generation to be shifted to hours with higher energy prices. We analyze the sensitivity of CSP value to a number of factors, including the optimization period, price and solar forecasting, ancillary service sales, capacity value and dry cooling of the CSP plant. We also discuss the value of CSP plants and TES net of capital costs
Estimation of Photovoltaic Generation Forecasting Models using Limited Information
This work deals with the problem of estimating a photovoltaic generation
forecasting model in scenarios where measurements of meteorological variables
(i.e. solar irradiance and temperature) at the plant site are not available. A
novel algorithm for the estimation of the parameters of the well-known PVUSA
model of a photovoltaic plant is proposed. Such a method is characterized by a
low computational complexity, and efficiently exploits only power generation
measurements, a theoretical clear-sky irradiance model, and temperature
forecasts provided by a meteorological service. An extensive experimental
validation of the proposed method on real data is also presented
Collinsville solar thermal project: energy economics and dispatch forecasting (final report)
The primary aim of this report is to help negotiate a Power Purchase Agreement (PPA) for the proposed hybrid gas-Linear Frensel Reflector (LFR) plant at Collinsville, Queensland, Australia. The report’s wider appeal is the discussion of the current situation in Australian National Electricity Market (NEM) and techniques and methods used to model the NEM’s demand and wholesale spot prices for the lifetime of the proposed plant.
Executive Summary
1 Introduction
This report primarily aims to provide both dispatch and wholesale spot price forecasts for the proposed hybrid gas-solar thermal plant at Collinsville, Queensland, Australia for its lifetime 2017-47. These forecasts are to facilitate Power Purchase Agreement (PPA) negotiations and to evaluate the proposed dispatch profile in Table 3. The solar thermal component of the plant uses Linear Fresnel Reflector (LFR) technology. The proposed profile maintains a 30 MW dispatch during the weekdays by topping up the yield from the LFR by dispatch from the gas generator and imitates a baseload function currently provided by coal generators. This report is the second of two reports and uses the findings of our first report on yield forecasting (Bell, Wild & Foster 2014b).
2 Literature review
The literature review discusses demand and supply forecasts, which we use to forecast wholesale spot prices with the Australian National Electricity Market (ANEM) model.
The review introduces the concept of gross demand to supplement the Australian Electricity Market Operator’s (AEMO) “total demand”. This gross demand concept helps to explain the permanent transformation of the demand in the National Electricity Market (NEM) region and the recent demand over forecasting by the AEMO. We also discuss factors causing the permanent transformation. The review also discusses the implications of the irregular ENSO cycle for demand and its role in over forecasting demand.
Forecasting supply requires assimilating the information in the Electricity Statement of Opportunities (ESO) (AEMO 2013a, 2014c). AEMO expects a reserve surplus across the NEM beyond 2023-24. Compounding this reserve surplus, there is a continuing decline in manufacturing, which is freeing up supply capacity elsewhere in the NEM. The combined effect of export LNG prices and declining total demand are hampering decisions to transform proposed gas generation investment into actual investment and hampering the role for gas as a bridging technology in the NEM. The review also estimates expected lower and upper bounds for domestic gas prices to determine the sensitivity of the NEM’s wholesale spot prices and plant’s revenue to gas prices.
The largest proposed investment in the NEM is from wind generation but the low demand to wind speed correlation induces wholesale spot price volatility. However, McKinsey Global Institute (MGI 2014) and Norris et al. (2014a) expect economically viable energy storage shortly beyond the planning horizon of the ESO in 2023-24. We expect that this viability will not only defer investment in generation and transmission but also accelerate the growth in off-market produced and consumed electricity within the NEM region.
2.1 Research questions
The report has the following overarching research questions:
What is the expected dispatch of the proposed plant’s gas component given the plant’s dispatch profile and expected LFR yield?
What are the wholesale spots prices on the NEM given the plant’s dispatch profile?
The literature review refines the latter research question into five more specific research questions ready for the methodology:
What are the half-hourly wholesale spots prices for the plant’s lifetime without gas as a bridging technology?
Assuming a reference gas price of between 7.19/GJ for base-load gas generation (depending upon nodal location;) and
for peak-load gas generation of between 8.99/GJ; and
given the plant’s dispatch profile
What are the half-hourly wholesale spots prices for the plant’s lifetime with gas as a bridging technology?
Assuming some replacement of coal with gas generation
How sensitive are wholesale spot prices to higher gas prices?
Assuming high gas prices are between 9.71/GJ for base-load gas generation (depending upon nodal location); and
for peak-load gas generation of between 12.14/GJ; and
What is the plant’s revenue for the reference gas prices?
How sensitive is the plant’s revenue to gas as a bridging technology?
How sensitive is the plant’s revenue to the higher gas prices?
What is the levelised cost of energy for the proposed plant?
3 Methodology
In the methodology section, we discuss the following items:
dispatch forecasting for the proposed plant;
supply capacity for the years 2014-47 for the NEM;
demand forecasting using a Typical Meteorological Year (TMY); and
wholesale spot prices calculation using ANEM, supply capacity and total demand
define three scenarios to address the research questions:
reference gas prices;
gas as a bridging technology; and
high gas prices.
The TMY demand matches the solar thermal plant’s TMY yield forecast that we developed in our previous report (Bell, Wild & Foster 2014b). Together, these forecasts help address the research questions.
4 Results
In the results section we will present the findings for each research question, including
the TMY yield for the LFR and the dispatch of the gas generator given the proposed dispatch profile in Table 3;
Average annual wholesale spot prices from 2017 to 2047 for the plant’s node for:
Reference gas prices scenario from 38/MWh
Gas as a bridging technology scenario from 110/MWh
High gas price scenario from 41/MWh
The combined plants revenue without subsidy given the proposed profile:
Reference gas price scenario 52 million
High gas price scenario $47 million
5 Discussion
In the discussion section, we analyse:
reasons for the changes in the average annual spot prices for the three scenarios; and
the frequency that the half-hourly spot price exceeds the Short Run Marginal Cost (SRMC) of the gas generator for the three scenarios for:
day of the week;
month of the year; and
time of the day.
If the wholesale spot price exceeds the SRMC, dispatch from the gas plant contributes towards profits. Otherwise, the dispatch contributes towards a loss. We find that for both reference and high gas price scenarios the proposed profile in Table 3 captures exceedances for the day of the week and the time of the day but causes the plant to run at a loss for several months of the year. Figure 14 shows that the proposed profile captures the exceedance by hour of the day and Figure 16 shows that only operating the gas component Monday to Friday is well justified. However, Figure 15 shows that operating the gas plant in April, May, September and October is contributing toward a loss. Months either side of these four months have a marginal number of exceedances. In the unlikely case of gas as a bridging scenario, extending the proposed profile to include the weekend and operating from 6 am to midnight would contribute to profits.
We offer an alternative strategy to the proposed profile because the proposed profile in the most likely scenarios proves loss making when considering the gas component’s operation throughout the year. The gas-LFR plant imitating the based-load role of a coal generator takes advantage of the strengths of the gas and LFR component, that is, the flexibility of gas to compensate for the LFR’s intermittency, and utilising the LFR’s low SRMC. However, the high SRMC of the gas component in a baseload role loses the flexibility to respond to market conditions and contributes to loss instead of profit and to CO2 production during periods of low demand.
The alternative profile retains the advantages of the proposed profile but allows the gas component freedom to exploit market conditions. Figure 17 introduces the perfect day’s yield profile calculated from the maximum hourly yield from the years 2007-13. The gas generator tops up the actual LFR yield to the perfect day’s yield profile to cover LFR intermittency. The residual capacity of the gas generator is free to meet demand when spot market prices exceed SRMC and price spikes during Value-of-Lost-Load (VOLL) events. The flexibility of the gas component may prove more advantageous as the penetration of intermittent renewable energy increases.
6 Conclusion
We find that the proposed plant is a useful addition to the NEM but the proposed profile is unsuitable because the gas component is loss making for four months of the year and producing CO2 during periods of low demand. We recommend further research using the alternative perfect day’s yield profile.
7 Further Research
We discuss further research compiled from recommendation elsewhere in the report.
8 Appendix A Australian National Electricity Market Model Network
This appendix provides diagrams of the generation and load serving entity nodes and the transmission lines that the ANEM model uses. There are 52 nodes and 68 transmission lines, which make the ANEM model realistic. In comparison, many other models of the NEM are highly aggregated.
9 Appendix B Australian National Electricity Market Model
This appendix describes the ANEM model in detail and provides additional information on the assumptions made about the change in the generation fleet in the NEM during the lifetime of the proposed plant
Robust 24 Hours ahead Forecast in a Microgrid: A Real Case Study
Forecasting the power production from renewable energy sources (RESs) has become fundamental in microgrid applications to optimize scheduling and dispatching of the available assets. In this article, a methodology to provide the 24 h ahead Photovoltaic (PV) power forecast based on a Physical Hybrid Artificial Neural Network (PHANN) for microgrids is presented. The goal of this paper is to provide a robust methodology to forecast 24 h in advance the PV power production in a microgrid, addressing the specific criticalities of this environment. The proposed approach has to validate measured data properly, through an effective algorithm and further refine the power forecast when newer data are available. The procedure is fully implemented in a facility of the Multi-Good Microgrid Laboratory (MG(Lab)(2)) of the Politecnico di Milano, Milan, Italy, where new Energy Management Systems (EMSs) are studied. Reported results validate the proposed approach as a robust and accurate procedure for microgrid applications
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An Assessment of PIER Electric Grid Research 2003-2014 White Paper
This white paper describes the circumstances in California around the turn of the 21st century that led the California Energy Commission (CEC) to direct additional Public Interest Energy Research funds to address critical electric grid issues, especially those arising from integrating high penetrations of variable renewable generation with the electric grid. It contains an assessment of the beneficial science and technology advances of the resultant portfolio of electric grid research projects administered under the direction of the CEC by a competitively selected contractor, the University of California’s California Institute for Energy and the Environment, from 2003-2014
Multi-time-horizon Solar Forecasting Using Recurrent Neural Network
The non-stationarity characteristic of the solar power renders traditional
point forecasting methods to be less useful due to large prediction errors.
This results in increased uncertainties in the grid operation, thereby
negatively affecting the reliability and increased cost of operation. This
research paper proposes a unified architecture for multi-time-horizon
predictions for short and long-term solar forecasting using Recurrent Neural
Networks (RNN). The paper describes an end-to-end pipeline to implement the
architecture along with the methods to test and validate the performance of the
prediction model. The results demonstrate that the proposed method based on the
unified architecture is effective for multi-horizon solar forecasting and
achieves a lower root-mean-squared prediction error compared to the previous
best-performing methods which use one model for each time-horizon. The proposed
method enables multi-horizon forecasts with real-time inputs, which have a high
potential for practical applications in the evolving smart grid.Comment: Accepted at: IEEE Energy Conversion Congress and Exposition (ECCE
2018), 7 pages, 5 figures, code available: sakshi-mishra.github.i
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