 Impact of renewable energy generation on power reserve energy demandLaureen Deman and Quentin Boucher Energy Economics, 2023, vol. 128, issue C Abstract: With increasing shares of renewable energy generation, the evolution of reserve needs may represent an important challenge for the power system. The evolution of reserve capacity needs in this context has been extensively studied in the literature (Hirth and Ziegenhagen, 2015). On the other hand, reserve energy needs have been less studied. This work focuses on analysing the relationship between reserve energy demand and load, wind, and solar generation. To this end, autoregressive models with exogenous variables are estimated on 2019 data of the French power system. We find a positive impact of renewable energy generation on downward reserve energy demand and a negative impact on upward reserve energy demand. These results can be interpreted through the relationship between the level of residual load and the probability to find a counterpart on the intraday market to balance forecast errors, thus allowing to reduce the imbalance of the system in real-time and thus the need for reserve energy. Keywords: Reserve energy; Renewables; Automatic frequency restoration reserve (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:128:y:2023:i:c:s0140988323006710 DOI: 10.1016/j.eneco.2023.107173 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 |
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