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A Conceptual Model of Market-Based Policy for Developing Pumped Storage Facilities to Alleviate Intermittency of Renewable Power Plants' Power Generation
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Soorena Naderi   , Mohammad Ebrahim Raesi |
| , soorenanaderi@gmail.com |
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Abstract: (645 Views) |
In recent years, the trajectory of energy policy-maker in Iran towards the expansion of renewable electricity generation capacity has raised the possibility that, with future increases in this capacity, issues stemming from the intermittency of renewable electricity may gradually emerge within the power grid. Consequently, it can be expected that in the future, a gradual increase in storage capacity through pumped-storage hydroelectricity units will turn to a necessity to alleviate such issues. Considering the challenges associated with investment risk and the financing of pumped-storage projects, this study endeavors to propose a market-based conceptual model for policy-making in order to foster investing in pumped-storage units. In a way that such a model would enable these units to increase their revenues through the provision of ancillary services and peak shaving and reducing their income risks. Additionally, beyond presenting the conceptual model, efforts have been made to offer a set of policy recommendations, such as pricing policies and technology ranking, to improve the performance of policy-making.
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| Keywords: Ancillary Service, Energy Exchange, Energy Storage, Renewable Portfolio Standard |
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Full-Text [PDF 482 kb]
(185 Downloads)
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Type of Study: Research |
Subject:
توسعه پایدار، زیست محیطی و ارزیابی اقتصادی
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