Energy and ancillary services value of CSP with thermal energy storage in the Australian national electricity market
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Description
The dispatchability of concentrated solar power (CSP) with thermal energy storage (TES) offers the ability to provide ancillary services (AS) such as spinning reserve and frequency regulation. In this paper, the energy and ancillary services value of CSP-TES in the Australian national electricity market (NEM) is estimated using production cost simulation (PCS) of the NEM system by the PLEXOS software. This study also compares the energy benefits of a CSP plant with TES estimated from the PCS of the NEM using a generator short run marginal cost (SRMC) based stack model and that obtained from the PCS using a generator bids based stack model. The latter model is more realistic as it uses actual generator bids data in the market and our results show that the energy benefits of a CSP with TES in the NEM estimated from the latter model is significantly higher than that estimated from the former model.
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ID Code: | 119441 | ||||||||
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Item Type: | Chapter in Book, Report or Conference volume (Conference contribution) | ||||||||
ORCID iD: |
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Measurements or Duration: | 5 pages | ||||||||
Keywords: | power generation dispatch, power generation economics, power markets, solar power stations, thermal energy storage | ||||||||
DOI: | 10.1109/PESGM.2017.8274670 | ||||||||
ISBN: | 978-1-5386-2213-1 | ||||||||
Pure ID: | 33176046 | ||||||||
Divisions: | Past > Institutes > Institute for Future Environments Past > QUT Faculties & Divisions > Science & Engineering Faculty Past > Schools > School of Electrical Engineering & Computer Science |
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Copyright Owner: | Consult author(s) regarding copyright matters | ||||||||
Copyright Statement: | This work is covered by copyright. Unless the document is being made available under a Creative Commons Licence, you must assume that re-use is limited to personal use and that permission from the copyright owner must be obtained for all other uses. If the document is available under a Creative Commons License (or other specified license) then refer to the Licence for details of permitted re-use. It is a condition of access that users recognise and abide by the legal requirements associated with these rights. If you believe that this work infringes copyright please provide details by email to qut.copyright@qut.edu.au | ||||||||
Deposited On: | 29 Jun 2018 01:05 | ||||||||
Last Modified: | 28 Apr 2024 18:28 |
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