Impact of unit commitment and RoCoF constraints on revenue sufficiency in decarbonising wholesale electricity markets

Daniel Marshman, Michael Brear and Brendan Ring

Energy Economics, 2022, vol. 106, issue C

Abstract: This paper examines the impact of unit commitment (UC) and rate of change of frequency (RoCoF) constraints on the performance and revenue sufficiency of decarbonising wholesale electricity markets. Different environmental policy and cost inputs are first used to produce increasingly decarbonised fleets with large differences in the uptake of wind, solar and flexible plant by using generation expansion (GE) planning without either of these constraints. The performance of these fleets is then assessed with and without UC and RoCoF constraints in a conventional economic dispatch (ED) framework.

Keywords: Renewable integration; Unit commitment; Revenue sufficiency (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0140988321006046
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:106:y:2022:i:c:s0140988321006046

DOI: 10.1016/j.eneco.2021.105763

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().