The economics of different generation technologies for frequency response provision

Research output: Contribution to journalArticle

6 Downloads (Pure)

Abstract

The provision of reserve generation is an essential part of maintaining a reliable electricity system and has become an increasingly difficult task with the growing contribution from variable energy sources. Ensuring the cost of balancing supply and demand is minimised is an important aspect, requiring an understanding of how generator costs vary depending on their operation. This paper considers the cost of part loading different generator types, providing a cost breakdown and description of the Levelised Cost of Electricity method of analysing generator costs. This delivers cost-loading level curves for the generator types with the largest contribution to the UK generation portfolio which can be used to perform economic optimisations for generator scheduling. The holding payment for provision of frequency response, an aspect of maintaining balance between generation and demand, is separated by generator type and compared with the calculated part loading costs. To demonstrate the effect on system costs the Winter peak and Summer trough in 2016 and the Future Energy Scenarios in 2020 are considered with maximum and minimum generator numbers connected. Provision of sufficient generation to meet demand and reserves are optimised to reduce costs in each scenario.

Original languageEnglish
Pages (from-to)554-563
Number of pages10
JournalApplied Energy
Volume222
Early online date13 Apr 2018
DOIs
Publication statusPublished - 15 Jul 2018

Fingerprint

Frequency response
Economics
economics
cost
Costs
electricity
Electricity
trough
Scheduling
winter
summer

Keywords

  • Balancing services
  • Frequency response
  • Generator part loading
  • Power generation
  • Power system economics

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Building and Construction
  • Energy(all)
  • Mechanical Engineering
  • Management, Monitoring, Policy and Law

Cite this

The economics of different generation technologies for frequency response provision. / Wyman-Pain, Heather; Bian, Yuankai; Thomas, Cain; Li, Furong.

In: Applied Energy, Vol. 222, 15.07.2018, p. 554-563.

Research output: Contribution to journalArticle

@article{c522a0d4cbeb4deea0ab0886d2c358a8,
title = "The economics of different generation technologies for frequency response provision",
abstract = "The provision of reserve generation is an essential part of maintaining a reliable electricity system and has become an increasingly difficult task with the growing contribution from variable energy sources. Ensuring the cost of balancing supply and demand is minimised is an important aspect, requiring an understanding of how generator costs vary depending on their operation. This paper considers the cost of part loading different generator types, providing a cost breakdown and description of the Levelised Cost of Electricity method of analysing generator costs. This delivers cost-loading level curves for the generator types with the largest contribution to the UK generation portfolio which can be used to perform economic optimisations for generator scheduling. The holding payment for provision of frequency response, an aspect of maintaining balance between generation and demand, is separated by generator type and compared with the calculated part loading costs. To demonstrate the effect on system costs the Winter peak and Summer trough in 2016 and the Future Energy Scenarios in 2020 are considered with maximum and minimum generator numbers connected. Provision of sufficient generation to meet demand and reserves are optimised to reduce costs in each scenario.",
keywords = "Balancing services, Frequency response, Generator part loading, Power generation, Power system economics",
author = "Heather Wyman-Pain and Yuankai Bian and Cain Thomas and Furong Li",
year = "2018",
month = "7",
day = "15",
doi = "10.1016/j.apenergy.2018.03.158",
language = "English",
volume = "222",
pages = "554--563",
journal = "Applied Energy",
issn = "0306-2619",
publisher = "Elsevier",

}

TY - JOUR

T1 - The economics of different generation technologies for frequency response provision

AU - Wyman-Pain, Heather

AU - Bian, Yuankai

AU - Thomas, Cain

AU - Li, Furong

PY - 2018/7/15

Y1 - 2018/7/15

N2 - The provision of reserve generation is an essential part of maintaining a reliable electricity system and has become an increasingly difficult task with the growing contribution from variable energy sources. Ensuring the cost of balancing supply and demand is minimised is an important aspect, requiring an understanding of how generator costs vary depending on their operation. This paper considers the cost of part loading different generator types, providing a cost breakdown and description of the Levelised Cost of Electricity method of analysing generator costs. This delivers cost-loading level curves for the generator types with the largest contribution to the UK generation portfolio which can be used to perform economic optimisations for generator scheduling. The holding payment for provision of frequency response, an aspect of maintaining balance between generation and demand, is separated by generator type and compared with the calculated part loading costs. To demonstrate the effect on system costs the Winter peak and Summer trough in 2016 and the Future Energy Scenarios in 2020 are considered with maximum and minimum generator numbers connected. Provision of sufficient generation to meet demand and reserves are optimised to reduce costs in each scenario.

AB - The provision of reserve generation is an essential part of maintaining a reliable electricity system and has become an increasingly difficult task with the growing contribution from variable energy sources. Ensuring the cost of balancing supply and demand is minimised is an important aspect, requiring an understanding of how generator costs vary depending on their operation. This paper considers the cost of part loading different generator types, providing a cost breakdown and description of the Levelised Cost of Electricity method of analysing generator costs. This delivers cost-loading level curves for the generator types with the largest contribution to the UK generation portfolio which can be used to perform economic optimisations for generator scheduling. The holding payment for provision of frequency response, an aspect of maintaining balance between generation and demand, is separated by generator type and compared with the calculated part loading costs. To demonstrate the effect on system costs the Winter peak and Summer trough in 2016 and the Future Energy Scenarios in 2020 are considered with maximum and minimum generator numbers connected. Provision of sufficient generation to meet demand and reserves are optimised to reduce costs in each scenario.

KW - Balancing services

KW - Frequency response

KW - Generator part loading

KW - Power generation

KW - Power system economics

UR - http://www.scopus.com/inward/record.url?scp=85045238501&partnerID=8YFLogxK

U2 - 10.1016/j.apenergy.2018.03.158

DO - 10.1016/j.apenergy.2018.03.158

M3 - Article

VL - 222

SP - 554

EP - 563

JO - Applied Energy

JF - Applied Energy

SN - 0306-2619

ER -