E3S Web Conf.
Volume 140, 2019International Scientific Conference on Energy, Environmental and Construction Engineering (EECE-2019)
|Number of page(s)||8|
|Published online||18 December 2019|
Capacity payment allocation in hydrothermal power systems with high shares of renewable energies
Centro de Energía, Department of Electrical Engineering, University of Chile
2 Facultad de Ingeniería y Ciencias, Universidad Adolfo Ibánez
3 The University of Manchester, School of Engineering, Department of Mechanical, Aerospace and Civil Engineering (MACE)
* Corresponding author: email@example.com
The increasing use of variable generation technologies (VGTs) in power systems, such as wind and photovoltaic generation, has introduced new challenges in the definition of capacity remuneration mechanisms for promoting system reliability. In this context, in this article we propose a novel framework for determining the capacity value of VGTs to contribute to the generation system adequacy, as well as a corresponding method for allocating capacity payments in hydrothermal power systems. We show that the capacity value of VGTs increases with the presence of water reservoirs, since VGTs help relieving hydropower plants from using scarce water resources during off-peak hours thus making more resources available to supply the demand during peak hours.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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