Impact of thermal plant cycling on the cost-optimal composition of a regional electricity generation system
Mikael Odenberger and
Applied Energy, 2017, vol. 197, issue C, 230-240
A regional cost-minimizing investment model that accounts for cycling properties (i.e., start-up time, minimum load level, start-up cost and emissions, and part-load costs and emissions) is developed to investigate the impact of thermal plant cycling on the cost-optimal composition of a regional electricity generation system. The model is applied to an electricity system that is rich in wind resources with and without accounting for cycling in two scenarios: one with favorable conditions for flexible bio-based generation (Bio scenario); and one in which base load is favored (Base load scenario) owing to high prices for biomass. Both scenarios are subject to a tight cap on carbon dioxide emissions, limiting the investment options to technologies that have low or no carbon emissions.
Keywords: Electricity system model; Thermal cycling; Intermittent generation; Investment model (search for similar items in EconPapers)
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