Feasibility Approaches to Reduce the Unreliability of Gas, Nuclear, Coal, Solar and Wind Electricity Production

Roy L. Nersesian and Kenneth David Strang
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Roy L. Nersesian: Leon Hess School of Business, Monmouth University, Monmouth, NJ, USA
Kenneth David Strang: School of Business and Economics, State University of New York, Queensbury, NY, USA & APPC Research Australia, Cammeray, Australia

International Journal of Risk and Contingency Management (IJRCM), 2017, vol. 6, issue 1, 54-69

Abstract: This paper examines the feasibility of three scenarios for reducing the unreliability inherent in traditional and clean energy creation. One scenario uses pumped hydro to store non-peak energy from solar or wind plants. Another scenario investigates the use of pumped hydro for storing non-peak energy from gas and coal fired plants. Another scenario explores the possibility of selling stored energy as well as meeting peak demand for all types of energy creation methods. The authors used the action research technique with a case study in USA. They applied parametric and simulation techniques to develop several models. The models include variables representing base loads at plants serving a utility, the buying and selling of electricity contracts at appropriate times, and the possibility of diverting a stream to feed the upper reservoir of a pumped storage plant.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jrcm00:v:6:y:2017:i:1:p:54-69

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