Economic and Operational Assessment of Reserve Methods and Metrics for Electric Grids With High Shares of Renewables

FCN Working Paper No. 22/2016

46 Pages Posted: 2 Jun 2017

See all articles by Gonca Gürses

Gonca Gürses

RWTH Aachen University

Jared Garrison

ETH Zurich

Reinhard Madlener

RWTH Aachen University

Turhan Demiray

ETH Zurich

Date Written: December 2016

Abstract

This study is based on the recent development of the European energy environment, which experiences a transition from being dominated by conventional energy generation into an increased penetration of renewable energy sources. Today's system operators offer a set of ancillary services, such as control reserves, which cover mismatches of energy demand and supply. However, higher reserve volumes also lead to increased procurement costs. In this study, three reserve-dimensioning methodologies are assessed with regard to their stability and cost metrics. For the calculations, an updated version of the IEEE 24-bus RTS is generated. Each method is being applied to three grid cases, which reflect a conservatively low renewable energies scenario, a high share of wind energy scenario, and a high share of mixed renewable energies scenario, respectively. The results show the trade-off between reliability and costs for each of the three scenarios evaluated.

Keywords: renewables, electric grid, reserve energy

JEL Classification: Q40

Suggested Citation

Gürses, Gonca and Garrison, Jared and Madlener, Reinhard and Demiray, Turhan, Economic and Operational Assessment of Reserve Methods and Metrics for Electric Grids With High Shares of Renewables (December 2016). FCN Working Paper No. 22/2016. Available at SSRN: https://ssrn.com/abstract=2978545 or http://dx.doi.org/10.2139/ssrn.2978545

Gonca Gürses (Contact Author)

RWTH Aachen University ( email )

Templergraben 55
52056 Aachen, 52056
Germany

HOME PAGE: http://www.rwth-aachen.de

Jared Garrison

ETH Zurich ( email )

Rämistrasse 101
ZUE F7
Zürich, 8092
Switzerland

HOME PAGE: http://www.fen.ethz.ch/

Reinhard Madlener

RWTH Aachen University ( email )

School of Business and Economics / E.ON ERC
Mathieustraße 10
Aachen, 52074
Germany
+49 241 80 49 820 (Phone)
+49 241 80 49 829 (Fax)

HOME PAGE: http://www.eonerc.rwth-aachen.de/fcn

Turhan Demiray

ETH Zurich ( email )

Rämistrasse 101
ZUE F7
Zürich, 8092
Switzerland

HOME PAGE: http://www.fen.ethz.ch/

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