The role of frequency regulation remuneration schemes in an energy matrix with high penetration of renewable energy

Claudio Agostini, Franco A. Armijo, Carlos Silva and Shahriyar Nasirov

Renewable Energy, 2021, vol. 171, issue C, 1097-1114

Abstract: Renewable energies (RE) in Chile and around the world have experienced outstanding growth in recent years. However, RE technologies such as solar photovoltaic and wind generate an imbalance between generation (offer) and consumption (demand) because of their intermittent and variable nature. Moreover, RE’s natural variability makes it necessary for conventional technologies to play a significant role in adjusting for the imbalance in the electric system frequency. As variable RE penetration grows, the need for frequency regulation will increase and, depending on how those higher costs are financed, this could lead to a disincentive to invest in conventional plants that provide that service.

Keywords: Renewable energy; Frequency control; Ancillary services; Chile (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:171:y:2021:i:c:p:1097-1114

DOI: 10.1016/j.renene.2021.02.167

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