Journal article
Planning low-carbon electricity systems under uncertainty considering operational flexibility and smart grid technologies
R Moreno, A Street, JM Arroyo, P Mancarella
Philosophical Transactions of the Royal Society A Mathematical Physical and Engineering Sciences | ROYAL SOC | Published : 2017
Abstract
Electricity grid operators and planners need to deal with both the rapidly increasing integration of renewables and an unprecedented level of uncertainty that originates from unknown generation outputs, changing commercial and regulatory frameworks aimed to foster low-carbon technologies, the evolving availability of market information on feasibility and costs of various technologies, etc. In this context, there is a significant risk of locking-in to inefficient investment planning solutions determined by current deterministic engineering practices that neither capture uncertainty nor represent the actual operation of the planned infrastructure under high penetration of renewables. We theref..
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Awarded by Engineering and Physical Sciences Research Council
Funding Acknowledgements
R.M. gratefully acknowledges the financial support of Conicyt-Chile (through grants Fondecyt/Iniciacion/11130612, Newton-Picarte/MR/N026721/1, Fondef/ID15I10592, SERC Fondap/15110019 and the Complex Engineering Systems Institute (CONICYT-PIA-FB0816; ICMP-05-004-F)). A.S. acknowledges the National Council for Research and Development (CNPq), Brazil. J.M.A. acknowledges the financial support of the Ministry of Economy and Competitiveness of Spain under Project ENE2015-63879-R (MINECO/FEDER,UE) and the Junta de Comunidades de Castilla-La Mancha under Project POII-2014-012-P. P.M. acknowledges the partial support of the UK EPSRC through the 'MY-STORE' research project (EP/N001974/1).