99 research outputs found
Report on Saving Potentials in Energy Transmission and Distribution
This report analyses technically the energy saving potentials in electricity grids including both transmission and distribution parts. The focus is on technical active loss reduction in electricity grid through different sitings of flexible power generators (like gas turbines). For the study a simplified triangular shape grid configuration is used containing three nodes connected through three lines each with other. The study area is considered the North Sea due to the relatively high wind power potential. The study results indicate that active losses could be reduced as much as by 40% through optimization of the electricity system topology.JRC.F.6-Energy systems evaluatio
In Search of Sustainability and Financial Returns : The Case of ESG Energy Funds
Funding Information: This research was funded by Law Faculty of Riga Stradins University, Latvia. Publisher Copyright: © 2023 by the authors.The world is facing several challenges, and the problem of sustainable development is one of the most important. It is worth considering that European countries are playing a significant role as pioneers in building a sustainable world, such as those promises made by signing the Paris Agreement and European Taxonomy. To achieve ambitious targets within sustainable development, a huge amount of capital is necessary, while financial and capital market participants are expected to demonstrate a high level of engagement in the domain of sustainability. Facing growing interest and demand, a relatively new product—the ESG (environmental, social, and governance) investment fund—was introduced. Scientific literature is providing some controversial views regarding the overall evaluation of this product. Therefore, additional research providing different angles would contribute to a better understanding. This study examines European ESG funds in the energy sector, from the perspective of news flows and investors. It is worth noting that the authors use the word “European” to refer to members of the European Union (EU). The paper consists of the following parts. In the introduction, the current state of this issue is discussed. The following section offers a literature review and a news flow analysis that contributes to a deeper understanding of these issues. A description of the methodology applied for the data analysis follows this, and the final section presents the research results and conclusions. The authors apply statistical analysis and the Carhart model to determine the differences in the performance of the ESG and conventional funds and use their own tool for text analysis to examine the relevance of the topic of ESG to attract client interest. The authors claim that the performance of the European ESG equity funds do not show a statistically significant difference from the non-ESG equity funds in the majority of the periods examined. The application of the adjusted Carhart model demonstrates that the factor of sustainability has a non-significant and negative effect on the fund performance. Finally, the authors highlight the urgent necessity for the unified usage of keywords and terminology, such as “ESG”, “sustainability”, etc., to ensure comparison and attribution possibilities.publishersversionPeer reviewe
Baltic Power Systems’ Integration into the EU Market Coupling under Different Desynchronization Schemes: A Comparative Market Analysis
Currently, the power transmission system of the Baltic states is synchronized with the Integrated/Unified Power System (IPS/UPS), which includes the Russian grid, and the IPS/UPS provides frequency regulation and system security within the Baltic states. Since joining the European Union (EU) in 2004, the Baltic states have been following the EU’s energy policy targets. The Baltics are presently participating in a European electricity market, i.e., the NordPool market, while they are expected to join the pan-European electricity market—the European target model for power market integration. Moreover, from a power grid perspective, EU energy policies intend to desynchronize the power grid of the Baltic states from the IPS/UPS over the coming years. This paper evaluates these policy trends through market impacts, and it complements existing studies on Baltic-IPS/UPS desynchronization in terms of wholesale electricity prices, generation surpluses, primary reserve adequacy, and redispatch costs. Participation of the Baltic states in the integrated pan-European day-ahead electricity market with zonal pricing was modeled for 2030, followed by a national redispatch, with detailed power grid modeling of Baltic states to solve potential intrazonal congestion. The simulation results imply the superiority of the Baltics’ synchronization to continental Europe, compared to the other schemes
THE BALTIC POWER SYSTEM BETWEEN EAST AND WEST INTERCONNECTIONS
Due to historical and geographical reasons, the Baltic States are strongly connected to the power (electricity) transmission grids of Russia and Belarus. Current energy security and energy independence targets in the EU trigger seeking for alternative power sources for the Baltic.
Knowing that, a power system model of the Baltic States has been developed and validated with the purpose of providing comparative options for a reliable and secure development of the Baltic electricity system. The analysis of horizon 2020 and 2030 showed that the dependency of Baltic States on the outside resources is fairly low, provided that the expansion of the electricity system goes as planned.JRC.F.3-Energy Security, Systems and Marke
Coupling power and gas systems models
The interconnections between gas and electricity networks and markets are relevant to the Regulation 2017/1938 on security of gas supply. Indeed, gas-fired power plants require gas to be able to deliver electricity to the network, and a number of facilities in the gas transmission network need electricity to work adequately. The only way to address the interactions between those two systems is by using an integrated model. We adopt a techno economic approach based on the PLEXOS® software, as a suitable compromise to represent large scale transmission systems adding economic detail to both the gas and electricity parts. This technical report presents the European market model (including a more detailed description of the Italian power market) for the year 2016, focusing on the structure of the model, the main assumptions and input data. The performance of the model for simulating the Italian power and gas markets is briefly evaluated.JRC.C.3-Energy Security, Distribution and Market
Wind-pv-thermal power aggregator in electricity market
This paper addresses the aggregation of wind, photovoltaic and thermal units with the aim to improve bidding in an electricity market. Market prices, wind and photovoltaic powers are assumed as data given by a set of scenarios. Thermal unit modeling includes start-up costs, variables costs and bounds due to constraints of technical operation, such as: ramp up/down limits and minimum up/down time limits. The modeling is carried out in order to develop a mathematical programming problem based in a stochastic programming approach formulated as a mixed integer linear programming problem. A case study comparison between disaggregated and aggregated bids for the electricity market of the Iberian Peninsula is presented to reveal the advantage of the aggregation
Influence of local wind speed and direction on wind power dynamics - Application to offshore very short-term forecasting
Wind power time series usually show complex dynamics mainly due to non-linearities related to the wind physics and the power transformation process in wind farms. This article provides an approach to the incorporation of observed local variables (wind speed and direction) to model some of these effects by means of statistical models. To this end, a benchmarking between two different families of varying-coefficient models (regime-switching and conditional parametric models) is carried out. The case of the offshore wind farm of Horns Rev in Denmark has been considered. The analysis is focused on one-step ahead forecasting and a time series resolution of 10 min. It has been found that the local wind direction contributes to model some features of the prevailing winds, such as the impact of the wind direction on the wind variability, whereas the non-linearities related to the power transformation process can be introduced by considering the local wind speed. In both cases, conditional parametric models showed a better performance than the one achieved by the regime-switching strategy. The results attained reinforce the idea that each explanatory variable allows the modelling of different underlying effects in the dynamics of wind power time series
HVDC links between North Africa and Europe: Impacts and benefits on the dynamic performance of the European system
This document is the Accepted Manuscript version of the following article: Mokhtar Benasla, Tayeb Allaoui, Mostefa Brahami, Mouloud Denai, and Vijay K. Sood, ‘HVDC links between North Africa and Europe: Impacts and benefits on the dynamic performance of the European system’, Renewable and Sustainable Energy Reviews, November 2017. Under embargo. Embargo end date: 20 November 2018. The published version is available online at doi: DOI: https://doi.org/10.1016/j.rser.2017.10.075. Published by Elsevier Ltd. This manuscript version is distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/ ), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.In the last decade, there have been several initiatives for the deployment of cross-Mediterranean HVDC (High Voltage Direct Current) links to enable the transmission of electrical power from renewable energy sources between North Africa and Europe. These initiatives were mainly driven by the potential economic, environmental and technical benefits of these HVDC interconnections. In previous studies on these projects, some technical aspects of critical importance have not been addressed or studied in sufficient detail. One of these key aspects relates to the impact and possible benefit of these HVDC links on the dynamic performance of the European system which is the major focus of this paper. Several issues relating to the dynamic performance of the system are addressed here. Based on the experience gained from existing AC/DC projects around the world, this paper shows that the HVDC links between North Africa and Europe can greatly improve the dynamic performance of the European system especially in the southern regions. In addition, some challenges on the operation and control of these HVDC links are highlighted and solutions to overcome these challenges are proposed. This review paper, therefore, serves as a preliminary study for further detailed investigation of specific impacts or benefits of these interconnections on the overall performance of the European system.Peer reviewe
Application of DSTATCOM for surplus power circulation in MV and LV distribution networks with single-phase distributed energy resources
Single-phase distributed energy resources (DERs), such as rooftop photovoltaic arrays, are usually installed based on the need and affordability of clients without any regard to the power demand of the connected phase of a three-phase system. It might so happen that the power generation in a particular phase is more than its load demand. This may cause a reverse power flow in a particular phase, especially in a three-phase, four-wire distribution system. If now the load demand in the other two phases is more than their respective generations, then these two phases will see a forward power flow, while there will be a reverse power flow in the third phase. This will create severe unbalance in the upstream network. In this paper, a distribution static compensator (DSTATCOM) is used to circulate the excess generation from one phase to the others such that a set of balanced currents flow from or into the upstream network. Two different topologies of DSTATCOM are proposed in this paper for the low and medium voltage feeders. Two different power circulation strategies are developed for this purpose. Furthermore, a suitable feedback scheme is developed for each topology for power converter control. The performance of the proposed topologies and the control schemes for the DSTATCOM is evaluated through computer simulation studies using PSCAD/EMTDC
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