Analysing the sensitivity of electricity system operational costs to deviations in supply and demand

Joan Batalla-Bejerano () and Elisa Trujillo-Baute ()
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Joan Batalla-Bejerano: Rovira i Virgili University & Chair of Energy Sustainability & IEB (UB) – FUNSEAM
Elisa Trujillo-Baute: University of Warwick & Chair of Energy Sustainability & IEB (UB) – FUNSEAM

No 2015/8, Working Papers from Institut d'Economia de Barcelona (IEB)

Abstract: Increasing renewable penetration has given rise to a series of challenges as regards the ability of electricity systems to balance supply and demand, particularly with high levels of intermittent renewable generation. This new scenario requires a detailed quantitative assessment of the way in which the electricity system might both deliver and accommodate higher levels of RES-E generation and of the associated economic costs for the consumer. The estimations reported in this paper for the Spanish electricity system stress the importance of demand imbalance when accounting for the cost of balancing services, in contrast with previous studies that have focused their attention more specifically on supply effects.

Keywords: Electricity market design; balancing services; renewable energy; electricity demand and supply deviations (search for similar items in EconPapers)
JEL-codes: D47 L51 Q41 Q42 Q47 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2015
New Economics Papers: this item is included in nep-ene
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Citations: View citations in EconPapers (2)

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