Investments in transmission lines and storage units considering second-order stochastic dominance constraints

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11320%2F24%3A10490665" target="_blank" >RIV/00216208:11320/24:10490665 - isvavai.cz</a>

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=hvrHrYy2Yo" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=hvrHrYy2Yo</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.eneco.2024.107607" target="_blank" >10.1016/j.eneco.2024.107607</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Investments in transmission lines and storage units considering second-order stochastic dominance constraints

Popis výsledku v původním jazyce

Increasing intermittent renewable generation to meet the climate goals entails a deep transformation of current power systems. The transmission system must adapt to ensure a rapid and flexible response to the changes in the energy flows. Flexibility can be provided by reinforcing the interconnection among all the market agents and/or by installing facilities with fast response to the changes. In this work, we study the investment problem of a central planner that seeks to expand the transmission network and install storage units considering decarbonizing measures. We propose a two -stage stochastic problem with uncertainty on the demand growth and including representative days to characterize the hourly demand and renewable power variability. To obtain better expansion strategies according to a limit on the carbon emissions, second -order stochastic dominance constraints are imposed. Numerical analyses based on the power system of the Canary island (Spain) are provided. The results show that to install storage units is key to efficiently integrate renewable generation. The investments in the transmission system are mostly in lower -voltage lines. The formulation with stochastic dominance constraints results in higher second -stage investments, allowing a better adaptation to the demand growth evolution.

Název v anglickém jazyce

Investments in transmission lines and storage units considering second-order stochastic dominance constraints

Popis výsledku anglicky

Increasing intermittent renewable generation to meet the climate goals entails a deep transformation of current power systems. The transmission system must adapt to ensure a rapid and flexible response to the changes in the energy flows. Flexibility can be provided by reinforcing the interconnection among all the market agents and/or by installing facilities with fast response to the changes. In this work, we study the investment problem of a central planner that seeks to expand the transmission network and install storage units considering decarbonizing measures. We propose a two -stage stochastic problem with uncertainty on the demand growth and including representative days to characterize the hourly demand and renewable power variability. To obtain better expansion strategies according to a limit on the carbon emissions, second -order stochastic dominance constraints are imposed. Numerical analyses based on the power system of the Canary island (Spain) are provided. The results show that to install storage units is key to efficiently integrate renewable generation. The investments in the transmission system are mostly in lower -voltage lines. The formulation with stochastic dominance constraints results in higher second -stage investments, allowing a better adaptation to the demand growth evolution.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

<a href="/cs/project/GX19-28231X" target="_blank" >GX19-28231X: Dynamické modely pro digitální finance</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Energy Economics

ISSN

0140-9883

e-ISSN

1873-6181

Svazek periodika

134

Číslo periodika v rámci svazku

June 2024

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

14

Strana od-do

107607

Kód UT WoS článku

001242897100001

EID výsledku v databázi Scopus

2-s2.0-85192790690