The Experts below are selected from a list of 10083 Experts worldwide ranked by ideXlab platform

Jenny Riesz - One of the best experts on this subject based on the ideXlab platform.

  • integration of Solar generation into electricity markets an australian national electricity market case study
    Iet Renewable Power Generation, 2015
    Co-Authors: Joel Gilmore, Ben Vanderwaal, Ian Rose, Jenny Riesz
    Abstract:

    Historically, Solar photovoltaic (PV) generation has been able to claim a significant ‘premium’ in revenues over other generation types because of its correlation in operation with peak demand (and therefore high priced) periods. However, similar to many international markets, recent conditions in the Australian National Electricity Market, including low demand, high levels of rooftop PV generation and oversupply of capacity, are found to have eliminated the revenue premium for Solar. Half-hourly modelling to 2030 illustrates that historical premiums are unlikely to resurface. Storage is shown to increase Solar revenues at high penetrations, but can have a detrimental effect on Solar revenues at lower Solar penetration levels. Therefore at high Solar penetration levels, Solar Generators will be incentivised to develop storage assets, since they can capture additional portfolio market benefits by minimising the decline in Solar premiums because of the merit order effect. In contrast, most other market participants will find storage detrimental to revenues because of increasing competition during high priced periods, and will therefore have less incentive to include storage in their portfolios.

Joel Gilmore - One of the best experts on this subject based on the ideXlab platform.

  • integration of Solar generation into electricity markets an australian national electricity market case study
    Iet Renewable Power Generation, 2015
    Co-Authors: Joel Gilmore, Ben Vanderwaal, Ian Rose, Jenny Riesz
    Abstract:

    Historically, Solar photovoltaic (PV) generation has been able to claim a significant ‘premium’ in revenues over other generation types because of its correlation in operation with peak demand (and therefore high priced) periods. However, similar to many international markets, recent conditions in the Australian National Electricity Market, including low demand, high levels of rooftop PV generation and oversupply of capacity, are found to have eliminated the revenue premium for Solar. Half-hourly modelling to 2030 illustrates that historical premiums are unlikely to resurface. Storage is shown to increase Solar revenues at high penetrations, but can have a detrimental effect on Solar revenues at lower Solar penetration levels. Therefore at high Solar penetration levels, Solar Generators will be incentivised to develop storage assets, since they can capture additional portfolio market benefits by minimising the decline in Solar premiums because of the merit order effect. In contrast, most other market participants will find storage detrimental to revenues because of increasing competition during high priced periods, and will therefore have less incentive to include storage in their portfolios.

Ian Rose - One of the best experts on this subject based on the ideXlab platform.

  • integration of Solar generation into electricity markets an australian national electricity market case study
    Iet Renewable Power Generation, 2015
    Co-Authors: Joel Gilmore, Ben Vanderwaal, Ian Rose, Jenny Riesz
    Abstract:

    Historically, Solar photovoltaic (PV) generation has been able to claim a significant ‘premium’ in revenues over other generation types because of its correlation in operation with peak demand (and therefore high priced) periods. However, similar to many international markets, recent conditions in the Australian National Electricity Market, including low demand, high levels of rooftop PV generation and oversupply of capacity, are found to have eliminated the revenue premium for Solar. Half-hourly modelling to 2030 illustrates that historical premiums are unlikely to resurface. Storage is shown to increase Solar revenues at high penetrations, but can have a detrimental effect on Solar revenues at lower Solar penetration levels. Therefore at high Solar penetration levels, Solar Generators will be incentivised to develop storage assets, since they can capture additional portfolio market benefits by minimising the decline in Solar premiums because of the merit order effect. In contrast, most other market participants will find storage detrimental to revenues because of increasing competition during high priced periods, and will therefore have less incentive to include storage in their portfolios.

Ben Vanderwaal - One of the best experts on this subject based on the ideXlab platform.

  • integration of Solar generation into electricity markets an australian national electricity market case study
    Iet Renewable Power Generation, 2015
    Co-Authors: Joel Gilmore, Ben Vanderwaal, Ian Rose, Jenny Riesz
    Abstract:

    Historically, Solar photovoltaic (PV) generation has been able to claim a significant ‘premium’ in revenues over other generation types because of its correlation in operation with peak demand (and therefore high priced) periods. However, similar to many international markets, recent conditions in the Australian National Electricity Market, including low demand, high levels of rooftop PV generation and oversupply of capacity, are found to have eliminated the revenue premium for Solar. Half-hourly modelling to 2030 illustrates that historical premiums are unlikely to resurface. Storage is shown to increase Solar revenues at high penetrations, but can have a detrimental effect on Solar revenues at lower Solar penetration levels. Therefore at high Solar penetration levels, Solar Generators will be incentivised to develop storage assets, since they can capture additional portfolio market benefits by minimising the decline in Solar premiums because of the merit order effect. In contrast, most other market participants will find storage detrimental to revenues because of increasing competition during high priced periods, and will therefore have less incentive to include storage in their portfolios.

Andrew Mills - One of the best experts on this subject based on the ideXlab platform.

  • endogenous assessment of the capacity value of Solar pv in generation investment planning studies
    IEEE Transactions on Sustainable Energy, 2015
    Co-Authors: Francisco D Munoz, Andrew Mills
    Abstract:

    There exist several different reliability- and approximation-based methods to determine the contribution of Solar resources toward resource adequacy. However, most of these approaches require knowing in advance the installed capacities of both conventional and Solar Generators. This is a complication since generator capacities are actually decision variables in capacity planning studies. In this paper, we study the effect of time resolution and Solar PV penetration using a planning model that accounts for the full distribution of generator outages and Solar resource variability. We also describe a modification of a standard deterministic planning model that enforces a resource adequacy target through a reserve margin constraint. Our numerical experiments show that at least 50 days worth of data are necessary to approximate the results of the full-resolution model with a maximum error of 2.5% on costs and capacity. We also show that the amount of displaced capacity of conventional generation decreases rapidly as the penetration of Solar PV increases. We find that using an exogenously defined and constant capacity value based on time-series data can yield relatively accurate results for small penetration levels. For higher penetration levels, the modified deterministic planning model better captures avoided costs and the decreasing value of Solar PV.