Incentives to value the dispatchable fleet¿s operational flexibility across energy markets - Künle, Eglantine
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Beschreibung The work at hand participates with the energy transition toward decarbonized electricity production by providing a method to analyze the incentives for the dispatchable fleet to provide flexibility. It analyzes the signals set by the energy markets to investors and power plant operators regarding flexible power plant operation and the future requirement of thermal plant flexibilisation, with improvement suggestions. A method for the quantitative, long-term, high-resolution techno-economic assessment of an individual power plant¿s operational flexibility is proposed. It includes…mehr

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Produktbeschreibung
Beschreibung The work at hand participates with the energy transition toward decarbonized electricity production by providing a method to analyze the incentives for the dispatchable fleet to provide flexibility. It analyzes the signals set by the energy markets to investors and power plant operators regarding flexible power plant operation and the future requirement of thermal plant flexibilisation, with improvement suggestions. A method for the quantitative, long-term, high-resolution techno-economic assessment of an individual power plant¿s operational flexibility is proposed. It includes the single unit self-scheduling problem of a merchant power plant solved from a price-taker perspective in the day-ahead, intraday and frequency control markets, as well as a parametric power plant model suited for operational flexibility assessments. The retroactive observation of the merchant power plants¿ operation strategies in these markets is used to identify best practices in terms of market design for flexibility incentives. The value of operational flexibility improvements is quantified using various metrics, for different technologies and market environments. Despite their sensitivity to market design, technologies and cost structures, these results indicate that if investors further expect a three to five-year return on investment, the existing European conventional fleet is unlikely to experience a significant flexibilization.
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Autorenporträt
Eglantine Kunle (May 1990) received the M.Sc. degree in Mechanical Engineering from the Karlsruhe Institute of Technology, Germany and the Arts et Métiers ParisTech, France in 2014. She then pursued a Ph.D. at the TU Clausthal, Germany. She worked as an assistant researcher at the CUTEC GmbH until September 2018, mainly on a research project in cooperation with General Electric about operational flexibility in the electricity market. She is now working as research group leader at ewi ER&S. Her areas of interest are the operation, planning, modeling and economics of power systems and energy markets.