A generic framework for power system flexibility analysis using cooperative game theory

Martin Kristiansen, Magnus Korpås and Harald G. Svendsen

Applied Energy, 2018, vol. 212, issue C, 223-232

Abstract: Electricity grid infrastructures provides valuable flexibility in power systems with high shares of variable supply due to its ability to distribute low-cost supply to load centers (spatial), in addition to interlinking a variety of supply and demand characteristics that potentially offset each others negative impact on system balance (temporal). In this paper, we present a framework to investigate the benefits of alternative flexibility providers, such as fast-ramping gas turbines, hydropower and demand side management, by using a generation and transmission capacity expansion planning model. We demonstrate our findings with a multinational case study of the North Sea Offshore Grid with an infrastructure typology from year 2016 and operational data for year 2030 – considering a range of renewable capacity levels spanning from 0% to 100%. First, we show how different flexibility providers are allocated geographically by the model. Second, operational cost savings are quantified per incremental unit of flexible capacity. Finally, we present a way to rank different flexibility providers by considering their marginal contribution to aggregate cost savings, reduced CO2 emissions, and increased utilization of renewable energy sources in the system. The Shapley Value from cooperative game theory allows us to assess the latter benefits accounting for all possible sequences of technology deployment, in contrast to traditional approaches. The presented framework could help to gain insights for energy policy designs or risk assessments.

Keywords: Energy policy; North Sea Offshore Grid; Power system flexibility; Renewable integration; Shapley value; Transmission expansion planning (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261917317774
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:appene:v:212:y:2018:i:c:p:223-232

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2017.12.062

Access Statistics for this article

Applied Energy is currently edited by J. Yan

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