Power Generation Investment Planning in a Modern Power System With High Share of Renewables

I. Oleinikova; O. Ruksans; M. Turcik

doi:10.2478/lpts-2014-0011

.blurhash-client-img { display: none !important; }

Power Generation Investment Planning in a Modern Power System With High Share of Renewables

Latvian Journal of Physics and Technical Sciences

Volume 51 (2014): Issue 2 (April 2014)

By: I. Oleinikova, O. Ruksans and M. Turcik

Open Access

|May 2014

Abstract

This article is focused on investment planning in power generation industry, which becomes an important direction of research under the conditions of newly formed environment of electricity market. The authors emphasize the key role of effective instruments and methods for estimation of the costs and economic efficiency of a generating capacity and its adequacy in a modern power system. In the paper, cost-based concepts are analyzed which form a basis for decision-making and long-term planning of investments in the power generation sector for a power system with high share of renewable energy sources.

References

1. European Network of Transmission System Operators for Electricity (ENTSO-E) (2010). Scenario Outlook and System Adequacy Forecast 2011-2025, Brussels: ENTSO-E AISBL, p. 168.
Search in Google Scholar
2. Krishans, Z., Mutule, A., Merkuryev, Y., & Oleinikova, I. (Jan. 2011). Dynamic Management of Sustainable Development - Methods for Large Technical Systems (1st ed-n). Springer, XXIII, ISBN: 978-0-85729-055-7, p. 190.
Search in Google Scholar
3. Keay, M. (Febr. 2013). Oxford Energy Comment, Renewable energy targets: the importance of system and resource costs. The Oxford Institute for Energy Studies.10.26889/ec201302
Search in Google Scholar
4. OECD/IEA. Power Generation investment in electricity markets. (2003).France.
Search in Google Scholar
5. Rautkivi, M., & Kruisdijk, M. (July-Aug. 2013). Europe’s balancing act. Power Engineering International, 16-20.
Search in Google Scholar
6. Joskow, P. L. (June, 2012). Competitive electricity markets and investment in new generating capacity. MIT, p. 74.
Search in Google Scholar
7. Turcik, M., Oleinikova, I., Junghans, G., & Kolcun, M. (2012). Methods for Estimation of Market Power in Electric Power Industry. Latv. J. Phys. Tech. Sci., (2), 14-22.10.2478/v10047-012-0008-2
Search in Google Scholar
8. VGB Survey (2011). Investment and Operation Cost Figures: Generation Portfolio.
Search in Google Scholar
9. Sauhats, A., Vempers, G., Inde, J., & Neimane, V. (July 2007). On co-eneration strategies in the cities of North-Eastern Europe. Power Tech., 07 IEEE , Lausanne (Switzerland), 645-650.10.1109/PCT.2007.4538392
Search in Google Scholar
10. Neimane, V., Sauhats, A., Vempers, G., Tereskina, I., & Bočkarjova, G. (May, 2009). Allocation production cost at CHP Plant to Heat and Power based on Cooperative Game Theory. In: 6th Intern. Conf. on the European Energy Market, Lēvene (Belgium), 182-187. 10.1109/EEM.2009.5207193
Search in Google Scholar

Articles in this issue

DOI: https://doi.org/10.2478/lpts-2014-0011 | Journal eISSN: 2255-8896 | Journal ISSN: 0868-8257

Journal RSS Feed

Language: English

Page range: 31 - 40

Published on: May 17, 2014

Published by: Institute of Physical Energetics

In partnership with: Paradigm Publishing Services

Publication frequency: 6 issues per year

Keywords:

power generation,

investment planning,

electricity market

Related subjects:

Physics,

Technical and applied physics

© 2014 I. Oleinikova, O. Ruksans, M. Turcik, published by Institute of Physical Energetics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Volume 51 (2014): Issue 2 (April 2014)