Unit commitment for systems with significant wind penetration

The stochastic nature of wind alters the unit commitment and dispatch problem. By accounting for this uncertainty when scheduling the system, more robust schedules are produced, which should, on average, reduce expected costs. In this paper, the effects of stochastic wind and load on the unit commitment and dispatch of power systems with high levels of wind power are examined. By comparing the costs, planned operation and performance of the schedules produced, it is shown that stochastic optimization results in less costly, of the order of 0.25%, and better performing schedules than deterministic optimization. The impact of planning the system more frequently to account for updated wind and load forecasts is then examined. More frequent planning means more up to date forecasts are used, which reduces the need for reserve and increases performance of the schedules. It is shown that mid merit and peaking units and the interconnection are the most affected parts of the system where uncertainty of wind is concernedpower generation dispatch; power system economics; stochastic systems; wind power generation

Unit Commitment for Systems With Significant Wind Penetration

The stochastic nature of wind alters the unit commitment and dispatch problem. By accounting for this uncertainty when scheduling the system, more robust schedules are produced, which should, on average, reduce expected costs. In this paper, the effects of stochastic wind and load on the unit commitment and dispatch of power systems with high levels of wind power are examined. By comparing the costs, planned operation and performance of the schedules produced, it is shown that stochastic optimization results in less costly, of the order of 0.25%, and better performing schedules than deterministic optimization. The impact of planning the system more frequently to account for updated wind and load forecasts is then examined. More frequent planning means more up to date forecasts are used, which reduces the need for reserve and increases performance of the schedules. It is shown that mid-merit and peaking units and the interconnection are the most affected parts of the system where uncertainty of wind is concerned.Science Foundation IrelandElectricity Research Centre (ERC) Industry Memberske SB. 26/7/1

Irish and British historical electricity prices and implications for the future

This paper compares retail and wholesale electricity prices in SEM, the market of the island of Ireland, and BETTA in Great Britain. Wholesale costs are much lower in BETTA. We show that this is mostly because the wholesale price in BETTA is set too low to cover generation costs, although it is compensated by large retail margins. The substantial need for new investment in generation in Great Britain suggests that returns to generators will have to increase. Developing a market mechanism to compensate generators fairly while simultaneously reducing retail revenue will help in achieving this goal

Irish and British historical electricity prices and implications for the future. ESRI WP452. April 2013

This paper compares retail and wholesale electricity prices in SEM, the market of the island of Ireland, and BETTA in Great Britain. Wholesale costs are much lower in BETTA. We show that this is mostly because the wholesale price in BETTA is set too low to cover generation costs, although it is compensated by large retail margins. The substantial need for new investment in generation in Great Britain suggests that returns to generators will have to increase. Developing a market mechanism to compensate generators fairly while simultaneously reducing retail revenue will help in achieving this goal

Goldilocks and the three electricity prices: Are Irish prices just right?

In this paper we analyse the 2008 electricity price in the Irish All-Island Market. We test whether this price is 'efficient' by comparing it to the electricity price in Great Britain. This analysis suggests that around €16 per MWh of the difference in wholesale prices between Ireland and Britain is due to differences in generating technology. The new wholesale electricity market for the island of Ireland appears to be working well - it is producing a wholesale price that approximates the long run marginal cost that would apply in a large liquid competitive market. In the British market the wholesale price appears to be below the long run marginal cost of producing electricity. Retail margins in Great Britain are high, especially for households. Only some of this margin compensates vertically integrated utilities for the low wholesale price. In the Republic of Ireland the retail margin was probably also higher than it should have been

Goldilocks and the Three Electricity Prices: Are Irish Prices “Just Right”?*. ESRI WP372. January 2011

In this paper we analyse the 2008 electricity price in the Irish All-Island Market. We test whether this price is ‘efficient’ by comparing it to the electricity price in Great Britain. This analysis suggests that around €16 per MWh of the difference in wholesale prices between Ireland and Britain is due to differences in generating technology. The new wholesale electricity market for the island of Ireland appears to be working well – it is producing a wholesale price that approximates the long run marginal cost that would apply in a large liquid competitive market. In the British market the wholesale price appears to be below the long run marginal cost of producing electricity. Retail margins in Great Britain are high, especially for households. Only some of this margin compensates vertically integrated utilities for the low wholesale price. In the Republic of Ireland the retail margin was probably also higher than it should have been

Advanced Unit Commitment Strategies in the United States Eastern Interconnection

This project sought to evaluate the impacts of high wind penetrations on the U.S. Eastern Interconnection and analyze how different unit commitment strategies may affect these impacts

Irish and British Electricity Prices: What Recent History Implies for Future Prices. ESRI Research Bulletin 2014/02/06

This paper investigates wholesale and retail electricity prices in Ireland and Great Britain between 2008 and 2011, focusing on structural, technological and regulatory drivers of price differences. We determine how these factors are likely to affect future electricity prices, taking account of the move to increase the deployment of renewables and of the EU’s drive to integrate electricity markets through the Target Model

A Generic Primary-control Model for Grid-forming Inverters: Towards Interoperable Operation & Control

This paper outlines an architectural vision centered around the notion of interoperability to integrate grid-forming inverter-based resources in large-scale grids. With the underlying principle of interoperability guiding developments, we focus on modeling the characteristics of droop, virtual synchronous machine, and virtual oscillator controls. Emphasis is placed on these three controllers since they are leading grid-forming control candidates and are likely to be commonplace as primary-control schemes in future systems. We show that these controllers can each be considered as instantiations of a more generic model and that all these controllers exhibit similar droop-like relations between pertinent terminal variables in steady state. This commonality between controllers gives interoperability among them such that automatic synchronization, power sharing, and voltage regulation can be achieved. Simulation results validate the models and demonstrate how the steady-state droop characteristics of these control methods can be aligned with the aid of the developed modeling paradigm