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dc.contributor.authorHENRIOT, Arthur
dc.date.accessioned2014-05-15T12:53:09Z
dc.date.available2014-05-15T12:53:09Z
dc.date.issued2014
dc.identifier.issn1028-3625
dc.identifier.urihttps://hdl.handle.net/1814/31402
dc.description.abstractIn a power system featuring a large share of intermittent renewable energy sources (RES) and inflexible thermal generators, efficiency gains on generation costs could be achieved by curtailing the production of RES. However, as RES feature very low variable production costs, over-curtailment can be costly. In this article, we use a stylised analytical model to assess this trade-off. We show that while curtailing RES when their variability is high and the system flexibility is low can reduce generation costs, the different stakeholders (consumers, dispatchable generators, RES) will not necessarily benefit from such measures. As a consequence, generators will opt for a sub-optimal level of curtailment, and this level of curtailment should rather be set by the TSO. Either incentive to provide the TSO with accurate forecasts of RES availability, or alternatively centralised forecasting by the TSO, should then be put into place to solve the resulting problem of asymmetry of information.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2014/57en
dc.relation.ispartofseriesFlorence School of Regulationen
dc.relation.ispartofseriesEnergyen
dc.relation.ispartofseriesElectricityen
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectMarket designen
dc.subjectCurtailmenten
dc.subjectLarge-scale renewablesen
dc.subjectIntermittencyen
dc.subjectQ42en
dc.subjectL94en
dc.titleEconomic curtailment of intermittent renewable energy sourcesen
dc.typeWorking Paperen
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