 The potential for arbitrage of wind and solar surplus power in DenmarkGorm B. Andresen, Rolando A. Rodriguez, Sarah Becker and Martin Greiner Energy, 2014, vol. 76, issue C, 49-58 Abstract: We have recently developed a simple yet powerful method to identify key properties of electricity systems with a high share of renewables. Here, our weather-driven methodology is described and applied to model the Danish power system with combined wind and solar energy gross shares of up to 100% of the total demand. We show that in a wind only scenario, surplus energy grows rapidly beyond gross shares of about 50%, while the potential for arbitrage of surplus renewable energy, i.e. demand-side management or high-efficiency storage, is very limited in this case. A scenario with a wind-solar energy mix of 80/20, on the other hand, both decreases the total amount of surplus and has a significantly higher potential for arbitrage of the remaining surplus. However, beyond gross shares of about 75%, only large-scale seasonal storage of, e.g. hydrogen, enables the use of Danish surplus wind and solar energy to cover the residual Danish electricity demand in both scenarios. Keywords: Energy system design; Variable renewable energy; Large-scale integration; Energy storage; Wind power; Solar power (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:energy:v:76:y:2014:i:c:p:49-58 DOI: 10.1016/j.energy.2014.03.033 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.