Toward Fully Renewable Electric Energy Systems
Renewable energy sources are here to stay for a number of important reasons, including global warming and the depletion of fossil fuels. We explore in this paper how a thermal-dominated electric energy system can be transformed into a renewable-dominated one. This study relies on a stochastic programming model that allows representing the uncertain parameters plaguing such long-term planning exercise. Being the final year of our analysis 2050, we represent the transition from today to 2050 by allowing investment in both production and transmission facilities, with the target of achieving a renewable-dominated minimum-cost system. The methodology developed is illustrated using a realistic large-scale case study. Finally, policy conclusions are drawn.
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The Green Impact: How Renewable Sources Are Changing EU Electricity Prices
The European Union (EU) energy policy focuses on achieving a balance between three main pillars: increase the security of supply, reduce the impact of climate change, and improve economic competitiveness. To accomplish these objectives, the EU has been creating competitive conditions that internalize environmental externalities, and it has also actively promoted renewable energy.
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An Innovative Coalitional Trading Model for a Biomass Power Plant Paired With Green Energy Resources
The role of biomass resources to diminish the dependency on fossil fuels is steadily increasing worldwide. More importantly, governments set goals to boost the share of renewable energy resources in the power sector to face up to global warming issues. In this paper, a coalitional game model for the trading of a Biomass Power Plant (BPP) paired with a concentrating solar power facility and a wind park is proposed.
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