WELFARE EFFECT OF MARKET POWER IN STORAGE

Size: px
Start display at page:

Download "WELFARE EFFECT OF MARKET POWER IN STORAGE"

Transcription

1 WELFARE EFFECT OF MARKET POWER IN STORAGE Olayinka Williams Richard Green Presented at the 40 th IAEE International conference

2

3

4 Energy Storage Energy storage devices can provide much needed flexibility Economic benefits of storage Delay transmission and distribution upgrades, Balancing services Congestion relief Reduce the cost of electricity generation Integration of renewables Storage usage Maximize social welfare (socially optimal operation) Maximize Profits (strategic operation) 4

5 Energy Storage Strategic operation of Storage Price spread manipulation Welfare transfers/losses Interaction with strategic generators Generator market power mitigation Collusion 5

6 Objectives What welfare effects will strategic operation of energy storage devices have in the presence of competitive generators? What welfare effects will energy storage have in the presence of strategic generators? 6

7 General Approach Simulation of non-linear program GAMS 24.7 The use of sample days Obtained by clustering (Green et al, 2014) Merit-order stack Staffell and Green (2016) Welfare maximization with flexible prices 7

8 The Merit Order Stack /MWh Marginal Cost of Generation P3 P2 P1 GW 8

9 Competitive Generator Dispatch /MWh P t MC g,t Capacity g output g,t 0 Marginal Cost of Generation P t MC g,t output g,t 0 Generator capacity GW 9

10 Strategic Generator Dispatch /MWh MR t MC g,t Capacity g output g,t 0 Price needed to give MR Marginal Cost of Generation MR t MC g,t output g,t 0 Generator capacity GW 10

11 Data Load Data National Grid Renewable load factors Weather data from NASA s MERRA database Virtual wind farm (Pfenninger and Staffell (2016)) Generator Costs Green and Staffell(2014) 11

12 Competitive Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GW competitive 10GW Market power 12

13 Competitive Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GW competitive 10GW Market power 13

14 Competitive Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GW competitive 10GW Market power 14

15 Competitive Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GW competitive 10GW Market power 15

16 Competitive Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GW competitive 10GW Market power 16

17 5 GW Storage charging and discharging, Competitive Generators GW comp 17

18 5 GW Storage charging and discharging, Competitive Generators GW comp 5GW MP 18

19 5 GW Storage charging and discharging, Competitive Generators GW comp 5GW MP 10 GW Comp 19

20 5 GW Storage charging and discharging, Competitive Generators GW comp 5GW MP 10 GW Comp 10GW MP 20

21 Strategic Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GWcompetitive 10GW Market power 21

22 Strategic Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GWcompetitive 10GW Market power 22

23 Strategic Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GWcompetitive 10GW Market power 23

24 Strategic Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GWcompetitive 10GW Market power 24

25 Strategic Generator Dispatch /MWh No Storage 5GW competitive 5GW Market power 10GWcompetitive 10GW Market power 25

26 Storage charging and discharging, strategic generators 4 GW GW competitive 26

27 Storage charging and discharging, strategic generators 4 GW GW competitive 5Gw Market power 27

28 Storage charging and discharging, strategic generators 4 GW GW competitive 5Gw Market power 10Gwcompetitive 28

29 Storage charging and discharging, strategic generators 4 GW GW competitive 5Gw Market power 10Gwcompetitive 10 Market power 29

30 Welfare Effects (Competitive Generators) Strategic behaviour relative to competitive behaviour from storage, with socially optimal behaviour from generators in both cases Storage Welfare (Welfare/Turnover) Consumer Surplus ( /millions) Generator profit ( /millions) Storage Profit ( /millions) Energy Discharged (GWh) 5GW, 20GWh GW, 40GWh 5GW, 40GWh

31 Welfare Effects (Strategic Generators) Strategic behaviour relative to competitive behaviour from storage, with strategic behaviour from generators in both cases Storage Welfare (Welfare/Turnover) Consumer Surplus ( /millions) Generator profit ( /millions) Storage Profit ( /millions) Energy Discharged (GWh) 5GW, 20GWh GW, 40GWh 5GW, 40GWh

32 Concluding remarks Strategic operation has little effect on welfare/ turnover ratio. Higher power rating will amplify losses from strategic storage operation. Strategic storage operator will try to widen the gap between peak and off peak prices. There are more welfare effects when generators are strategically dispatched. 32

33 33

Storage in the energy market

Storage in the energy market Storage in the energy market Richard Green Energy Transitions 216, Trondheim 1 including The long-run impact of energy storage on prices and capacity Richard Green and Iain Staffell Imperial College Business

More information

Large Scale Storage and Demand Resources - Enabler of Transmission Delivery? Paper Number: 14PESGM2398

Large Scale Storage and Demand Resources - Enabler of Transmission Delivery? Paper Number: 14PESGM2398 1 Large Scale Storage and Demand Resources - Enabler of Transmission Delivery? Paper Number: 14PESGM2398 2 Agenda Drivers for Energy Storage Key Applications of Energy Storage Energy Storage as a Transmission

More information

Capacity Mechanisms on the Central European Electricity Market: Effects on Prices, Profits, and Welfare. Berlin Conference on Electricity Economics

Capacity Mechanisms on the Central European Electricity Market: Effects on Prices, Profits, and Welfare. Berlin Conference on Electricity Economics DIW Berlin German Institute for Economic Research Capacity Mechanisms on the Central European Electricity Market: Effects on Prices, Profits, and Welfare Berlin Conference on Electricity Economics Modeling

More information

Multi-agent systems and smart grid modeling. Valentin Robu Heriot-Watt University, Edinburgh, Scotland, UK

Multi-agent systems and smart grid modeling. Valentin Robu Heriot-Watt University, Edinburgh, Scotland, UK Multi-agent systems and smart grid modeling Valentin Robu Heriot-Watt University, Edinburgh, Scotland, UK Challenges in electricity grids Fundamental changes in electricity grids: 1. Increasing uncertainty

More information

Electric Vehicles Charging and Energy Management

Electric Vehicles Charging and Energy Management Electric Vehicles Charging and Energy Management Claude RICAUD claude.ricaud@schneider-electric.com Innovation, European Conference on Nanoelectronics and Embedded Systems for Electric Mobility emobility

More information

Unleashing the Potential of Solar & Storage. 1 / SolarPower Europe / TITLE OF PUBLICATION

Unleashing the Potential of Solar & Storage. 1 / SolarPower Europe / TITLE OF PUBLICATION Unleashing the Potential of Solar & Storage 1 / SolarPower Europe / TITLE OF PUBLICATION 2 / SolarPower Europe / UNLEASHING THE POTENTIAL OF SOLAR & STORAGE UNLEASHING THE POTENTIAL OF SOLAR & STORAGE

More information

Opportunistic Energy Sharing Between Power Grid and Electric Vehicles: A Game Theory-based Nonlinear Pricing Policy

Opportunistic Energy Sharing Between Power Grid and Electric Vehicles: A Game Theory-based Nonlinear Pricing Policy Opportunistic Energy Sharing Between Power Grid and Electric Vehicles: A Game Theory-based Nonlinear Pricing Policy Ankur Sarker, Zhuozhao Li, William Kolodzey,, and Haiying Shen Department of Computer

More information

Energy Storage and Impact on Renewable Power Grid Integration Nate Blair

Energy Storage and Impact on Renewable Power Grid Integration Nate Blair Energy Storage and Impact on Renewable Power Grid Integration Nate Blair Manager, Distributed Systems and Storage Analysis Group Strategic Energy Analysis Center National Renewable Energy Laboratory 2

More information

Cost-benefit analysis of grid energy storage

Cost-benefit analysis of grid energy storage Cost-benefit analysis of grid energy storage Robert L. Fares Graduate Research Assistant IEA Energy Storage Technology Roadmap Stakeholder Engagement Workshop September 24, 2013 Outline The limitations

More information

Agenda. 1. EDP Group & HC Energía. 2. Conventional approach to storage: price arbitrage. 3. New approach: grid services and reserves

Agenda. 1. EDP Group & HC Energía. 2. Conventional approach to storage: price arbitrage. 3. New approach: grid services and reserves Agenda 1. EDP Group & HC Energía 2. Conventional approach to storage: price arbitrage 3. New approach: grid services and reserves 4. Redox flow batteries are a promising option 5. Redox2015 project in

More information

Utility-Scale Storage in High-RE Power Systems

Utility-Scale Storage in High-RE Power Systems Utility-Scale Storage in High-RE Power Systems If, When, What Type, How Much, and Where? Jessica Katz, NREL Asia Clean Energy Forum June 2018 Overview In power systems with increasing levels of variable

More information

IMM Quarterly Report: Summer 2017

IMM Quarterly Report: Summer 2017 IMM Quarterly Report: Summer 2017 MISO Independent Market Monitor David Patton, Ph.D. Potomac Economics September 19, 2017 Highlights and Findings: Summer 2017 The MISO markets performed competitively

More information

Integration of Power-to-Gas Conversion into Dutch Electricity Ancillary Services Markets

Integration of Power-to-Gas Conversion into Dutch Electricity Ancillary Services Markets ENERDAY 2018 Technische Universität Dresden April 27 th, 2018 12 th International Conference on Energy Economics and Technology Market and Sector Integration National and European Perspective Integration

More information

Infraday: The Future of E-Mobility

Infraday: The Future of E-Mobility Infraday: The Future of E-Mobility Fabian Kley, Fraunhofer ISI October 9 th, 2009 Fraunhofer ISI is actively researching the field of e-mobility with focus on system analysis Fraunhofer ISI Current E-Mobility

More information

Energy Economics. Lecture 6 Electricity Markets ECO Asst. Prof. Dr. Istemi Berk

Energy Economics. Lecture 6 Electricity Markets ECO Asst. Prof. Dr. Istemi Berk Energy Economics ECO-4420 Lecture 6 Electricity Markets Asst. Prof. Dr. Istemi Berk istemi.berk@deu.edu.tr 1 Electricity Markets An Introduction Electricity secondary energy source generated from different

More information

Experience on Realizing Smart Grids. IEEE PES conference, Gothenburg

Experience on Realizing Smart Grids. IEEE PES conference, Gothenburg Experience on Realizing Smart Grids Bazmi Husain 2010-10-12 IEEE PES conference, Gothenburg IEEE PES Conference, Gothenburg, 2010-10-12. Slide 1 On the way to the smarter grid A quietly astounding evolution

More information

EPRI Intelligrid / Smart Grid Demonstration Joint Advisory Meeting March 3, 2010

EPRI Intelligrid / Smart Grid Demonstration Joint Advisory Meeting March 3, 2010 EPRI Intelligrid / Smart Grid Demonstration Joint Advisory Meeting March 3, 2010 Community Energy Storage Presentation & Simulation Results Thomas J. Walker Emeka Okafor 1 Energy Storage Applications in

More information

August 2011

August 2011 Modeling the Operation of Electric Vehicles in an Operation Planning Model A. Ramos, J.M. Latorre, F. Báñez, A. Hernández, G. Morales-España, K. Dietrich, L. Olmos http://www.iit.upcomillas.es/~aramos/

More information

How to incentivise the efficient deployment of electric vehicles

How to incentivise the efficient deployment of electric vehicles Going electric How to incentivise the efficient deployment of electric vehicles Ofgem has recently unveiled its new strategy for regulating the future energy system. One of its objectives is to ensure

More information

Why Japan remains skeptical of restructuring Study of Electricity Market Bidding Characteristics for Modeling Generation Capacity Growth

Why Japan remains skeptical of restructuring Study of Electricity Market Bidding Characteristics for Modeling Generation Capacity Growth Why Japan remains skeptical of restructuring Study of Electricity Market Bidding Characteristics for Modeling Generation Capacity Growth Satoru Ihara Retired (urotas@ieee.org) Tetsuo Sasaki, Toshihisa

More information

SOLAR GRID STABILITY

SOLAR GRID STABILITY SMART RENEWABLE HUBS FOR FLEXIBLE GENERATION SOLAR GRID STABILITY Smart Renewable Hubs: Solar hybridisation to facilitate Renewable Energy integration COBRA, IDIE, TECNALIA, CESI, HEDNO, NTUA 7 th Solar

More information

DEVELOPING TALENT GROWING VENTURES OPENING MARKETS. CCRE Policy Forum. Paul Murphy, Nov 24, Our Future Matters

DEVELOPING TALENT GROWING VENTURES OPENING MARKETS. CCRE Policy Forum. Paul Murphy, Nov 24, Our Future Matters CCRE Policy Forum Paul Murphy, Nov 24, 2016 The Advanced Energy Centre s Mission is to Foster the adoption of innovative energy technologies in Ontario and Canada Leverage those successes and experiences

More information

Background Electric power source which is connected directly to the distribution network or on the customer site of the meter (Ackermann, 2001).

Background Electric power source which is connected directly to the distribution network or on the customer site of the meter (Ackermann, 2001). The Effects of Environmental and Renewable Energy Policies on the Existence Conditions for Distributed Generators in Electricity Markets. Zaida Contreras 8 th June, 2010 PhD student School of Economics

More information

Grid Impacts of Variable Generation at High Penetration Levels

Grid Impacts of Variable Generation at High Penetration Levels Grid Impacts of Variable Generation at High Penetration Levels Dr. Lawrence Jones Vice President Regulatory Affairs, Policy & Industry Relations Alstom Grid, North America ESMAP Training Program The World

More information

Evaluation and modelling of demand and generation at distribution level for Smart grid implementation

Evaluation and modelling of demand and generation at distribution level for Smart grid implementation Evaluation and modelling of demand and generation at distribution level for Smart grid implementation Dr.Haile-Selassie Rajamani Senior Lecturer Energy and Smart Grid Research Group University of Bradford,

More information

RES integration into energy system

RES integration into energy system RES integration into energy system Konstantin Staschus ENTSO-E, Secretary-General SET-Plan Conference, Bratislava, 2 December 2016 1 WHO IS ENTSO-E? 2 THE POWER SYSTEM IS CHANGING, SO ARE WE Where we were

More information

Florida Public Service Commission Rule Development Workshop

Florida Public Service Commission Rule Development Workshop Florida Public Service Commission Rule Development Workshop Integration of Renewables into the Planning Process Tom Ballinger Office of Strategic Analysis and Governmental Affairs December 3, 2008 1 1)

More information

The role of Energy Storage and Demand Side Management in Smart Grid Optimisation: Community led projects in the Scottish Islands

The role of Energy Storage and Demand Side Management in Smart Grid Optimisation: Community led projects in the Scottish Islands The role of Energy Storage and Demand Side Management in Smart Grid Optimisation: Community led projects in the Scottish Islands Felix Wight, Head of Development Community Energy Scotland Dafni Smart Grid

More information

Demand side support in power system control allowing to accommodate more renewable energy sources

Demand side support in power system control allowing to accommodate more renewable energy sources Demand side support in power system control allowing to accommodate more renewable energy sources Dr. (Eng.) Kamalanath Samarakoon Faculty of Engineering University of Peradeniya Sri Lanka Constrained

More information

Denis Hickie, Mainstream Renewable Power, and Alan Langworthy, ABB September 26th, 2013

Denis Hickie, Mainstream Renewable Power, and Alan Langworthy, ABB September 26th, 2013 Denis Hickie, Mainstream Renewable Power, and Alan Langworthy, ABB September 26 th, 2013 De-risking the development and integration of renewable energy High penetration, max fuel savings Slide 1 Mainstream

More information

Electric Vehicles and the Power Grid. October 29, 2010 Biloxi, MS

Electric Vehicles and the Power Grid. October 29, 2010 Biloxi, MS Electric Vehicles and the Power Grid American Association of State Highway and Transportation Officials October 29, 2010 Biloxi, MS Sean McNamara Manager, Member Relations PJM Interconnection www.pjm.com

More information

What is Smart Grid? R.W. Beck Inc.

What is Smart Grid? R.W. Beck Inc. ELG4126: Smart Grid The Smart Grid Uses telecommunication and information technologies to improve how electricity travels from power plants to consumers. Allows consumers to interact with the grid. Integrates

More information

Planning and Cost Allocation in the 21 st Century: The Black Sheep or the Crown Jewel of the Electric Industry

Planning and Cost Allocation in the 21 st Century: The Black Sheep or the Crown Jewel of the Electric Industry Planning and Cost Allocation in the 21 st Century: The Black Sheep or the Crown Jewel of the Electric Industry Energy Future Coalition Conference The Ohio State University August 6, 2012 Craig Glazer Vice

More information

Digital Business Models for the Future Electric Utilities

Digital Business Models for the Future Electric Utilities Digital Business Models for the Future Electric Utilities Transforming from the Old to the New in Energy Systems ACEF, Manila June 7, 2018 Pramod Jain, Ph.D. Innovative Wind Energy, Inc. pramod@i-windenergy.com

More information

Climate Change and the Electric Grid

Climate Change and the Electric Grid Climate Change and the Electric Grid Ward Jewell Wichita State University Power Systems Engineering Research Center 2013 Ward Jewell, Wichita State University Electric Power Generation Electric Power Generation

More information

Roadmap for high RES penetration in Greek Non Interconnected Islands

Roadmap for high RES penetration in Greek Non Interconnected Islands Roadmap for high RES penetration in Greek Non Interconnected Islands European Forum on Clean Energy for Islands Prof. Nikos Chatziargyriou Chairman Naxos,9-11 of July 2018 Who we are and what we do 7,000

More information

European Wind Integration Study (EWIS) Towards a Successful Integration of Wind Power into European Electricity Grids

European Wind Integration Study (EWIS) Towards a Successful Integration of Wind Power into European Electricity Grids European Wind Integration Study (EWIS) Towards a Successful Integration of Wind Power into European Electricity Grids EWIS Concluding Discussion 13th April 2010, Brussels Network Strengthening findings

More information

Scheduling Electric Vehicles for Ancillary Services

Scheduling Electric Vehicles for Ancillary Services Scheduling Electric Vehicles for Ancillary Services Mira Pauli Chair of Energy Economics KIT University of the State of Baden-Wuerttemberg and National Research Center of the Helmholtz Association http://www.greenerkirkcaldy.org.uk/wp-content/uploads/electric-vehicle-charging.jpg

More information

RESERVOIR SOLUTIONS. GE Power. Flexible, modular Energy Storage Solutions unlocking value across the electricity network

RESERVOIR SOLUTIONS. GE Power. Flexible, modular Energy Storage Solutions unlocking value across the electricity network GE Power RESERVOIR SOLUTIONS Flexible, modular Energy Storage Solutions unlocking value across the electricity network TRENDS DISRUPTING THE POWER SECTOR FROM GENERATION TO T&D DECARBONIZATION DIGITIZATION

More information

Research Interests. Power Generation Planning Toward Future Smart Electricity Systems. Social Revolution, Technology Selection and Energy Consumption

Research Interests. Power Generation Planning Toward Future Smart Electricity Systems. Social Revolution, Technology Selection and Energy Consumption Research Interests Power Generation Planning Toward Future Smart Electricity Systems Electricity demand estimation based on bottom-up technology optimization selection Multi-objective optimization of power

More information

Electric Vehicle Grid Integration Research Analyzing PHEV Impacts on Distribution Transformers in Hawaii

Electric Vehicle Grid Integration Research Analyzing PHEV Impacts on Distribution Transformers in Hawaii Electric Vehicle Grid Integration Research Analyzing PHEV Impacts on Distribution Transformers in Hawaii Tony Markel Mike Kuss Mike Simpson Tony.Markel@nrel.gov Electric Vehicle Grid Integration National

More information

2015 Grid of the Future Symposium

2015 Grid of the Future Symposium 21, rue d Artois, F-75008 PARIS CIGRE US National Committee http ://www.cigre.org 2015 Grid of the Future Symposium Flexibility in Wind Power Interconnection Utilizing Scalable Power Flow Control P. JENNINGS,

More information

DIgSILENT Pacific PowerFactory Technical Seminar

DIgSILENT Pacific PowerFactory Technical Seminar DIgSILENT Pacific PowerFactory Technical Seminar Topic: The Wonders of Optimal Power Flow Presenter: Wayne Ong Venue: Sydney Novotel Central / Brisbane Marriott Hotel Date: 16 th and 30 th November 2017

More information

Solar & Storage the Opportunity

Solar & Storage the Opportunity M.Garland 29.11.2017 Solar & Storage the Opportunity Battery & Energy Storage Show Warwick University Dr. Mike Garland Head of Delivery & Operations - E.ON Solar & Storage UK E.ON positioned for the new

More information

The Development of Competitive Renewable Energy Zones in Texas

The Development of Competitive Renewable Energy Zones in Texas The Development of Competitive Renewable Energy Zones in Texas Warren Lasher Manager, System Assessment 4/23/2008 North American Electric Grids The ERCOT Region is one of 3 NERC grid interconnections.

More information

Market Drivers for Battery Storage

Market Drivers for Battery Storage Market Drivers for Battery Storage Emma Elgqvist, NREL Battery Energy Storage and Microgrid Applications Workshop Colorado Springs, CO August 9 th, 2018 Agenda 1 2 3 Background Batteries 101 Will storage

More information

Case study The impact of variable Renewable Energy Sources on the European Power System

Case study The impact of variable Renewable Energy Sources on the European Power System Case study The impact of variable Renewable Energy Sources on the European Power System ICER GO15 Joint Workshop Managing the Needs of Investments Resulting from Energy Transition D. Dobbeni London, April

More information

A vision for a zero emission container feeder vessel

A vision for a zero emission container feeder vessel A vision for a zero emission container feeder vessel Dr. Pierre C. Sames, Senior Vice President Strategic Research and Development Fridtjof Rohde, Principal Consultant, FutureShip GmbH GL Your competitive

More information

Electric Power Research Institute, USA 2 ABB, USA

Electric Power Research Institute, USA 2 ABB, USA 21, rue d Artois, F-75008 PARIS CIGRE US National Committee http : //www.cigre.org 2016 Grid of the Future Symposium Congestion Reduction Benefits of New Power Flow Control Technologies used for Electricity

More information

The role of electricity in the clean energy transition

The role of electricity in the clean energy transition The role of electricity in the clean energy transition Laszlo Varro, Chief Economist Annual Conference Federation of Danish Energy Industries, 26 April 2018 IEA On the journey towards a clean energy system

More information

Smart Grids and Integration of Renewable Energies

Smart Grids and Integration of Renewable Energies Chair of Sustainable Electric Networks and Sources of Energy Smart Grids and Integration of Renewable Energies Professor Kai Strunz, TU Berlin Intelligent City Forum, Berlin, 30 May 2011 Overview 1. Historic

More information

The Isle of Gigha Flow Battery Project

The Isle of Gigha Flow Battery Project The Isle of Gigha Flow Battery Project S D Wilson and J N Baker, EA Technology J Samuel, Renewable Energy Dynamics Technology. Presentation to All-Energy 2014, Aberdeen, Thursday 22 nd May 2014. Content

More information

AGENT-BASED MICRO-STORAGE MANAGEMENT FOR THE SMART GRID. POWER AGENT: Salman Kahrobaee, Rasheed Rajabzadeh, Jordan Wiebe

AGENT-BASED MICRO-STORAGE MANAGEMENT FOR THE SMART GRID. POWER AGENT: Salman Kahrobaee, Rasheed Rajabzadeh, Jordan Wiebe AGENT-BASED MICRO-STORAGE MANAGEMENT FOR THE SMART GRID POWER AGENT: Salman Kahrobaee, Rasheed Rajabzadeh, Jordan Wiebe Source Vytelingum, P., T. D. Voice, S. D. Ramchurn, A. Rogers, and N. R. Jennings

More information

Kansas Legislature. Briefing for the. March 6, Paul Suskie & Mike Ross

Kansas Legislature. Briefing for the. March 6, Paul Suskie & Mike Ross Briefing for the Kansas Legislature March 6, 2013 Paul Suskie & Mike Ross psuskie@spp.org mross@spp.org 501.614.3200 Presentation overview Who we are What we do How we benefit the consumer Industry dynamics

More information

Southern California Edison

Southern California Edison Recent Energy Storage Projects November 8, 2017 Presented by Kern Economic Development Corporation 1 Agenda 1. California Energy Trends and Recent Events 2. SCE s Storage Projects California Energy Trends

More information

C PER. Center for Advanced Power Engineering Research C PER

C PER. Center for Advanced Power Engineering Research C PER Center for Advanced Power Engineering Research C PER 2017 Summer Research Planning Workshop Energy Storage Technologies and Application Roadmap Presented By: Johan Enslin Zucker Family Graduate Education

More information

Electric Storage Resources & Wholesale Electricity Markets

Electric Storage Resources & Wholesale Electricity Markets Electric Storage Resources & Wholesale Electricity Markets Scott Baker Sr. Business Solutions Analyst Applied Innovation MYPSYCON 7 November 2018 Agenda PJM Overview Energy storage market activity today

More information

Energy Storage system

Energy Storage system Energy Storage system What is Energy Storage System? - Energy storage system (ESS) is accomplished by devices that store electricity to perform useful processes at a peak time. - These devices help to

More information

Robert L. Mitchell CEO and Co-Founder Atlantic Wind Connection

Robert L. Mitchell CEO and Co-Founder Atlantic Wind Connection Robert L. Mitchell CEO and Co-Founder Atlantic Wind Connection New Jersey Energy Link Electric superhighway connecting northern, central and southern New Jersey Delivers 3,000 megawatts of electricity

More information

Intelligent Mobility for Smart Cities

Intelligent Mobility for Smart Cities Intelligent Mobility for Smart Cities A/Prof Hussein Dia Centre for Sustainable Infrastructure CRICOS Provider 00111D @HusseinDia Outline Explore the complexity of urban mobility and how the convergence

More information

Everybody talks about the weather, but nobody ever does anything about it. Mark Twain

Everybody talks about the weather, but nobody ever does anything about it. Mark Twain Everybody talks about the weather, but nobody ever does anything about it. Mark Twain Walkman! Solar powered Walkman! Measurement and estimation of solar energy Solar water heaters Super-insulated windows

More information

Volatile wind and flexible demand: a balancing act?

Volatile wind and flexible demand: a balancing act? Environmental Change Institute Volatile wind and flexible demand: a balancing act? Philipp Grünewald 5 th Smart Grids & Cleanpower Conference 5 June, Cambridge www.cir-strategy.com/events What to expect

More information

Security of Supply. on the European Electricity Market

Security of Supply. on the European Electricity Market Security of Supply on the European Electricity Market What is Security of Supply? A reliable supply of energy Reliable transportation of supply Reliable distribution and delivery of supply to the final

More information

Literature Review of Energy Storage Services

Literature Review of Energy Storage Services Literature Review of Energy Storage Services February 13, 2018 for the NC Energy Storage Study Stakeholder Input Meeting Table of Contents 1 Existing Approaches for Defining Energy Storage Services...

More information

Battery Energy Storage

Battery Energy Storage MARCH 2018 Battery Energy The power to control the energy Marcus Sousa, Territory Market Manager, Europe Challenges of the future power grid Long-term drivers for energy storage Electricity consumption

More information

The future role of storage in a smart and flexible energy system

The future role of storage in a smart and flexible energy system The future role of storage in a smart and flexible energy system Prof Olav B. Fosso Dept. of Electric Power Engineering Norwegian University of Science and Technology (NTNU) Content Changing environment

More information

Patrick Lee and Chuck Wells

Patrick Lee and Chuck Wells Real-time microgrid and DERMS control using the PI System and PXiSE Advanced Control Technology Patrick Lee and Chuck Wells 1 PXiSE Energy Solutions A Modern Grid Control Solutions Company Located in San

More information

1. Before Energy Reform

1. Before Energy Reform CFE on the right track September 2018 1. Before Energy Reform In 2012, there was a significant gap in the average industrial rate between the United States and Mexico. In 2012, the rate in Mexico, on average,

More information

Modelling of reserve procurement and exchange of balancing services in Northern Europe: Real-time dispatch

Modelling of reserve procurement and exchange of balancing services in Northern Europe: Real-time dispatch 1 International workshop on Exchange of balancing services - Market design and modelling Modelling of reserve procurement and exchange of balancing services in Northern Europe: Real-time dispatch Hossein

More information

ENERGY STORAGE. Integrating Renewables thanks to Consumers Flexibility. Energy Pool Développement SAS

ENERGY STORAGE. Integrating Renewables thanks to Consumers Flexibility. Energy Pool Développement SAS ENERGY STORAGE Integrating Renewables thanks to Consumers Flexibility 1 Introduction to Energy Pool The leading European Demand Response Operator YOUNG, FAST DEVELOPING COMPANY 2009 2010 2013 Company set

More information

Update on the Philippine Wholesale Electricity Spot Market

Update on the Philippine Wholesale Electricity Spot Market Update on the Philippine Wholesale Electricity Spot Market A Presentation to the APEx Asia Pacific Conference New Delhi, India 1 Presentation WESM Overview 2010 Market Results Market Outlook 2 WESM Overview

More information

Brad Roberts. & Jeff Palermo KEMA High Plains Transmission Summit Topeka Lawrence, Kansas November 3, 2009

Brad Roberts. & Jeff Palermo KEMA High Plains Transmission Summit Topeka Lawrence, Kansas November 3, 2009 Firming Renewables and Alleviating Transmission Constraints The Role of Energy Storage Brad Roberts S&C Electric Company & Jeff Palermo KEMA High Plains Transmission Summit Topeka Lawrence, Kansas November

More information

How Storage Will Transform Electric Power Emissions and Markets. Roger Lueken & Jay Apt

How Storage Will Transform Electric Power Emissions and Markets. Roger Lueken & Jay Apt How Storage Will Transform Electric Power Emissions and Markets Roger Lueken & Jay Apt The Problem Current electric power systems lack storage at all times, Generation = Load Market inefficiency $/MWh

More information

Mutual trading strategy between customers and power generations based on load consuming patterns. Junyong Liu, Youbo Liu Sichuan University

Mutual trading strategy between customers and power generations based on load consuming patterns. Junyong Liu, Youbo Liu Sichuan University Mutual trading strategy between customers and power generations based on load consuming patterns Junyong Liu, Youbo Liu Sichuan University 2 Outline Ⅰ Ⅱ Research Background Reviews on the development of

More information

The impact of electric vehicle development on peak demand and the load curve under different scenarios of EV integration and recharging options

The impact of electric vehicle development on peak demand and the load curve under different scenarios of EV integration and recharging options The impact of electric vehicle development on peak demand and the load curve under different scenarios of EV integration and recharging options Electricity demand in France: a paradigm shift Electricity

More information

To Shift or not to Shift?

To Shift or not to Shift? To Shift or not to Shift? An Energy Storage Analysis from Hawaii May 8, 2018 Tenerife, Spain Imagination at work GE s Grid Integration Experience in Hawaii Evaluation of Sustainable Energy Options for

More information

PV GENERATION. Richard Perez, ASRC. Recovery Long term resiliency sustainability Can we think big?

PV GENERATION. Richard Perez, ASRC. Recovery Long term resiliency sustainability Can we think big? PV GENERATION The Value Proposition Richard Perez, ASRC Recovery Long term resiliency sustainability Can we think big? Vast resource Energy breeder R. Perez & T. Hoff. renewable finite 60 120 per year

More information

American Electric Power s Energy Storage Deployments

American Electric Power s Energy Storage Deployments American Electric Power s Energy Storage Deployments 1 2 American Electric Power : Company Profile The Evolution of the Electric Utility System Before Smart Grid: One-way power flow, simple interactions,

More information

The ESRC: Big Data to unlock stacked use cases and de-risk energy storage grid applications. Southern Research

The ESRC: Big Data to unlock stacked use cases and de-risk energy storage grid applications. Southern Research The ESRC: Big Data to unlock stacked use cases and de-risk energy storage grid applications Southern Research 1 Energy Storage Research Center 3/19/2018 Southern Research 2 Survey: What regulatory changes

More information

UTILITY-SCALE SOLAR LOAD CONTROL. Richard Perez, ASRC Christy Herig, NREL Ruth Mac Dougall, SMUD Bruce Vincent, SMUD

UTILITY-SCALE SOLAR LOAD CONTROL. Richard Perez, ASRC Christy Herig, NREL Ruth Mac Dougall, SMUD Bruce Vincent, SMUD UTILITY-SCALE SOLAR LOAD CONTROL Richard Perez, ASRC Christy Herig, NREL Ruth Mac Dougall, SMUD Bruce Vincent, SMUD 1. INTRODUCTION The objective of Solar Load Control (SLC) is to maximize the effective

More information

Glossary of Community Choice Energy and Related Terms

Glossary of Community Choice Energy and Related Terms Glossary of Community Choice Energy and Related Terms Assembly Bill (AB) 117 Behind-the-meter (BTM) Bundled Services California Energy Commission (CEC) California Independent System Operator (CAISO) California

More information

Power System Testing. Verification of Aggregated Services

Power System Testing. Verification of Aggregated Services Power System Testing Verification of Aggregated Services Testing and Research Infrastructure for Future Power Grids Pre-Conference Workshop, 7th International Conference on Integration of Renewable and

More information

Energiespeicher für Systemsicherheit und Integration der Erneuerbaren Energien

Energiespeicher für Systemsicherheit und Integration der Erneuerbaren Energien Energiespeicher für Systemsicherheit und Integration der Erneuerbaren Energien Dr. Dirk Biermann 5Hertz Transmission Jahreskonferenz Power to Gas 216 Berlin, 21. Juni 216 Potential drivers for storage

More information

Energy Storage for the Grid

Energy Storage for the Grid GE Energy Energy Storage for the Grid Devon Manz Nick Miller Hamid Elahi GE Energy Consulting GE Copyright 2011 1 Storage Electricity Power Pumped Hydro Compressed Air Energy Battery Flywheel Ultracap

More information

Energy Systems of the Future Emad Ghaly, CEO Siemens Egypt. Unrestricted Siemens Technologies S.A.E. 2018

Energy Systems of the Future Emad Ghaly, CEO Siemens Egypt. Unrestricted Siemens Technologies S.A.E. 2018 Energy Systems of the Future 24.10.2018 Emad Ghaly, CEO Siemens Egypt siemens.com.eg Sustainable Energy Systems of the Future 1 2 Trends Innovations 3 Outlook Page 2 Three Drivers are shaping the future

More information

The New Zealand Power System in Balance

The New Zealand Power System in Balance The New Zealand Power System in Balance OTAGO Physics Department Seminar 10 August 2009 Kieran Devine System Operations Transpower New Zealand Limited Overview New Zealand and its Power System Balancing

More information

What makes a smart grid profitable? Dipl. Ing. Hans Schäfers Center for Demand Side Integration, University of Applied Sciences Hamburg

What makes a smart grid profitable? Dipl. Ing. Hans Schäfers Center for Demand Side Integration, University of Applied Sciences Hamburg What makes a smart grid profitable? Dipl. Ing. Hans Schäfers Center for Demand Side Integration, University of Applied Sciences Hamburg What makes a smart grid profitable? The current situation? The future

More information

Basics of the European Electricity Market Dr. Achim Ufert

Basics of the European Electricity Market Dr. Achim Ufert Winter Academy 2018 Trading, Sales and Financing in the European Energy Market and Industry Basics of the European Electricity Market Dr. Achim Ufert 1 Agenda Liberalisation of the Electricity Market Basic

More information

ERCOT Overview. Paul Wattles Senior Analyst, Market Design & Development. Solar Energy Industries Association July 11, 2012

ERCOT Overview. Paul Wattles Senior Analyst, Market Design & Development. Solar Energy Industries Association July 11, 2012 ERCOT Overview Paul Wattles Senior Analyst, Market Design & Development Solar Energy Industries Association History of Electric Reliability Council of Texas, Inc. 1941 Utilities band together to aid war

More information

City Power Johannesburg: Response to Potential Load Shedding. Presented by : Stuart Webb General Manager : PCM October 2014

City Power Johannesburg: Response to Potential Load Shedding. Presented by : Stuart Webb General Manager : PCM October 2014 City Power Johannesburg: Response to Potential Load Shedding Presented by : Stuart Webb General Manager : PCM October 2014 Topics to be discussed Background Challenges Options Available Summary 2 Background

More information

A flywheel energy storage system for an isolated micro-grid

A flywheel energy storage system for an isolated micro-grid International OPEN ACCESS Journal Of Modern Engineering Research (IJMER) A flywheel energy storage system for an isolated micro-grid Venkata Mahendra Chimmili Studying B.Tech 4th year in department of

More information

Assessing the Potential Role of Large-Scale PV Generation and Electric Vehicles in Future Low Carbon Electricity Industries

Assessing the Potential Role of Large-Scale PV Generation and Electric Vehicles in Future Low Carbon Electricity Industries Assessing the Potential Role of Large-Scale PV Generation and Electric Vehicles in Future Low Carbon Electricity Industries Peerapat Vithayasrichareon, Graham Mills, Iain MacGill Centre for Energy and

More information

UK gas and electricity supplies. A review of the winter John Greasley and Simon Griew Commercial. UK Transmission

UK gas and electricity supplies. A review of the winter John Greasley and Simon Griew Commercial. UK Transmission UK gas and electricity supplies A review of the winter 2003-04 John Greasley and Simon Griew Commercial UK Transmission Agenda What were we saying before the winter? What happened in electricity? What

More information

Models for the Electricity Sector and Electricity Market Reforms

Models for the Electricity Sector and Electricity Market Reforms Models for the Electricity Sector and Electricity Market Reforms Youngho Chang Nanyang Technological University 18 February 2015 The 8 th Capacity Building for Officers of Electricity Regulatory Commissions

More information

Modelling of a Large Number of Electric Vehicles (EVs) in the All-Island Ireland Energy System

Modelling of a Large Number of Electric Vehicles (EVs) in the All-Island Ireland Energy System 3rd International Hybrid Power Systems Workshop Tenerife, Spain 8 9 May 218 Modelling of a Large Number of Electric Vehicles (EVs) in the All-Island Ireland Energy System Vlad Duboviks Energy Consulting

More information

Auc2Charge: An Online Auction Framework for Electric Vehicle Park-and-Charge

Auc2Charge: An Online Auction Framework for Electric Vehicle Park-and-Charge Auc2Charge: An Online Auction Framework for Electric Vehicle Park-and-Charge Qiao Xiang 1, Fanxin Kong 1, Xue Liu 1, Xi Chen 1, Linghe Kong 1 and Lei Rao 2 1 School of Computer Science, McGill University

More information

Smart grids: how do we get there?

Smart grids: how do we get there? Smart grids: how do we get there? Vincenzo IORDANO European Commission - Joint Research Centre (JRC) IE - Institute for Energy Petten - The Netherlands Contents Introduction Smart grids and EU Energy Policy

More information

THE alarming rate, at which global energy reserves are

THE alarming rate, at which global energy reserves are Proceedings of the 12th International IEEE Conference on Intelligent Transportation Systems, St. Louis, MO, USA, October 3-7, 2009 One Million Plug-in Electric Vehicles on the Road by 2015 Ahmed Yousuf

More information

Excess capacities and competition

Excess capacities and competition Excess capacities and competition Reinhard HAAS Institute of Power Systems and Energy Economics, Vienna University of Technology Salzburg, September 2005 CONTENT: 1. Introduction: The European electricity

More information

FULL ELECTRIC AND PLUG-IN HYBRID ELECTRIC VEHICLES FROM THE POWER SYSTEM PERSPECTIVE

FULL ELECTRIC AND PLUG-IN HYBRID ELECTRIC VEHICLES FROM THE POWER SYSTEM PERSPECTIVE 1 FULL ELECTRIC AND PLUG-IN HYBRID ELECTRIC VEHICLES FROM THE POWER SYSTEM PERSPECTIVE Task XVII, IEA Demand Side Management Programme Juha Kiviluoma, Göran Koreneff VTT Technical Research Centre of Finland

More information