Variable Generation, Flexible Demand
1st Edition
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Description
Variable Generation, Flexible Demand looks at a future in which power system researchers, operators and analysts need to predict variable renewable generation and schedule demand to match it. Contributors survey the significant expansion in the role of flexible demand in balancing supply and demand in conjunction with flexible generation in ‘peaking plants’ and energy storage as the proportion of variable renewable generation rises in many systems across the world. Supported with case studies, the book examines practical ways that demand flexibility can play a constructive role as more systems move towards higher levels of renewable generation in their electricity mix.
Key Features
- Examines practical ways that demand flexibility can play a constructive role in future energy systems
- Reviews the vital role of market design, business models, enabling technologies, policies and regulation in implementation of flexible demand
- Includes detailed case studies that address the role of flexible demand across transitioning power markets
Readership
Graduate and 1st year PhD level studying energy markets and energy systems. Policymakers. Energy economists. Grid operators. Energy system operators. Electric utilities. Regulators and policy makers across the electric power sector. Companies developing flexible demand services or options. Technology companies working on aggregating & delivering demand response
Table of Contents
Foreword by Ken Baldwin, Energy Change Institute, ANU, Canberra Australia
Preface by Luca Lo Schiavo, ARERA, Italian energy regulatory authority, Milan, Italy
Introduction by Fereidoon Sioshansi, Menlo Energy Economics
Part One: Variable renewable generation
1. The evolution of California’s variable renewable generation
Fereidoon Sioshansi, Menlo Energy Economics
2. Variability of generation in ERCOT and the role of flexible demand
Ross Baldick, Univ. of Texas, Austin
3. Rising variability of generation in Italy: The grid operator’s perspective
Giacomo Terenzi, Terna, Italy
4. Integrating the rising variable renewable generation: A Spanish perspective
Juan Jose Alba, Julian Barquin, Carolina Vereda and Eduardo Moreda, Endesa, Spain
Part Two: Flexible demand
5. What is flexible demand; what demand is flexible?
Fereidoon Sioshansi, Menlo Energy Economics
6. Who are the customers with flexible demand, and how to find them?
Carlo Stagnaro, Istituto Bruno Leoni and Simona Benedettini, PwC, Italy
7. How can flexible demand be aggregated and delivered to scale?
Fereidoon Sioshansi, Menlo Energy Economics
8. Electric vehicles: The ultimate flexible demand
Fereidoon Sioshansi, Menlo Energy Economics
9. Load flexibility: Market potential and opportunities in the US
Ryan Hledik and Tony Lee, The Brattle Group
10. Demand response in the US wholesale markets: Recent trends, new models and forecasts
Udi Helman, Helman Analytics
11. What’s limiting flexible demand from playing a bigger role in the US organized markets? The PJM experience
Joseph Bowring, Monitoring Analytics, LLC
Part Three: Coupling flexible demand to variable generation
12. Valuing consumer flexibility in electricity market design
Laurens de Vries, TU Delft and Gerard Doorman, Statnett SF
13. Variable renewables and demand flexibility: Day-ahead versus intra-day valuation
Reinhard Madlener, RWTH Aachen University and Oliver Ruhnau, Hertie School, Berlin
14. The value of flexibility in Australia’s national electricity market
Alan Rai, Baringa Partners, Prabpreet Calais, Kate Wild and Greg Williams, Australian Energy Market Commission and Tim Nelson, Griffith University, Sydney, Australia
15. Demand flexibility and what it can contribute in Germany
Dierk Bauknecht, Christoph Heinemann, Matthias Koch and Moritz Vogel, Oeko-Institut, Freiburg, Germany
16. Industrial demand flexibility: A German case study
Sabine Löbbe, and André Hackbarth, Univ. of Reutlingen and Heinz Hagenlocher and Uwe Ziegler, Avat, Tubingen, Germany
Part Four: Implementation, business models, enabling technologies, policies, regulation
17. Market design and regulation to encourage demand aggregation and participation in European wholesale markets
Juan José Alba, Carolina Vereda, Julían Barquín and Eduardo Moreda, Endesa, Spain
18. Do time-of-use tariffs make residential demand more flexible? Evidence from Victoria, Australia
Kelly Burns and Bruce Mountain, Victoria Energy Policy Centre, Victoria University, Melbourne, Australia
19. Empowering consumers to deliver flexible demand
Lynne Gallagher, Energy Consumers Australia, and Elisabeth Ross, independent consultant, Sydney, Australia
20. Markets for flexibility: Product definition, market design and regulation
Richard L. Hochstetler, Instituto Acende Brasil, Sao Paulo, Brasil
21. Energy communities and flexible demand
David Robinson, Oxford Institute for Energy Studies
22. Flexible demand: What’s in it for the customer?
Mike Swanston, Customer Advocate, Brisbane, Australia
Epilogue
Ahmad Faruqui, The Brattle Group, San Francisco, CA
Details
- No. of pages:
- 594
- Language:
- English
- Copyright:
- © Academic Press 2021
- Published:
- 18th November 2020
- Imprint:
- Academic Press
- Paperback ISBN:
- 9780128238103
- eBook ISBN:
- 9780128241912
About the Editor
Fereidoon Sioshansi
Dr. Fereidoon Sioshansi is President of Menlo Energy Economics, a consulting firm based in San Francisco with over 35 years of experience in the electric power sectore working in analysis of energy markets, specializing in the policy, regulatory, technical and environmental aspects of the electric power sector in the US and internationally. His research and professional interests are concentrated in demand and price forecasting, electricity market design, competitive pricing & bidding, integrated resource planning, energy conservation and energy efficiency, economics of global climate change, sustainability, energy security, renewable energy technologies, and comparative performance of competitive electricity markets. Dr. Sioshansi advises major utility clients and government policy makers domestically and internationally on electricity market reform, restructuring and privatization of the electric power sector. He has published numerous reports, books, book chapters and papers in peer-reviewed journals on a wide range of subjects. His professional background includes working at Southern California Edison Co. (SCE), Electric Power Research Institute (EPRI), NERA, and Global Energy Decisions. He is the editor and publisher of EEnergy Informer, a monthly newsletter with international circulation. He is on the Editorial Advisory Board of The Electricity Journal where he is regularly featured in the “Electricity Currents” section. Dr. Sioshansi also serves on the editorial board of Utilities Policy and is a frequent contributor to Energy Policy. Since 2006, He has edited nine books on related topics with Elsevier.
Affiliations and Expertise
President, Menlo Energy Economics, San Francisco, CA, USA
Reviews
"The book showcases paradigm changes away from the traditional way in which demand was forecast and generation resources were dispatched to meet it. It highlights the need for grid operators to predict the amount of fluctuating wind and solar resources and to schedule complimentary demand. It provides lessons and examples of integrating rising levels of carbon neutral resources into the grid. “California is one of the few places in the world where this paradigm change is happening because so much new solar and wind is being added,” Fereidoon Sioshansi, the book’s editor, told Current. He added that the 100-year old utility model of predicting load and then matching it with fossil fuel generation, and some hydropower supplies, is out of sync with a green grid where the bulk of generation is non-dispatchable renewables. “Given the variable nature of renewable generation, particularly solar, a major shift is needed to create a smooth, efficient, and low-cost transition to this new world order,” he said. The book looks at several evolving markets including ones in California, ERCOT, Italy, Spain, and Australia, among others. They all face rising levels of renewable resources. But renewable generation still plays a minor role in many parts of the world where it can be squeezed into the traditional dispatchable generation model. In these places, variable renewables are the small tail on the big dog, Sioshansi said. In contrast, in California and in some European countries, the big renewable tail is increasingly wagging the dog. In Denmark, for example, on some windy days, the wind output exceeds total demand on the network. But because of Denmark’s strong interconnections with Germany and Scandinavia, the excess wind can be absorbed in Germany’s much larger market and/or it can be stored in hydropower reservoirs in Sweden and Norway–acting as big batteries. In contrast, California’s huge market dwarfs those of the neighboring states. Consequently, the state’s excess solar generation cannot easily be exported to the neighboring states–nor can its deficits be covered by imports–resulting in renewable curtailment. Contributors to the book examine the role of expanding flexible demand to balance supply, including with energy storage. “Batteries are more versatile and can respond almost instantaneously, compared to a natural gas fired peaking plant, which takes time to respond to signals from the grid operator,” Sioshansi noted. Other flexible demand can respond to signals in the same way. In addition to the practical ways demand flexibility can play a constructive role as more systems move towards higher levels of renewable generation, the book also explores the role of market design, business models, enabling technologies, policies, and regulation." --California Current
"The book explores practical ways that demand flexibility can play a constructive role as more systems move towards higher levels of renewable generation along with complementary market designs, business models, enabling technologies, policies, and regulation." -- EnergyCentral.com. Full review here: https://energycentral.com/c/gr/integrating-variable-resources-and-flexible-demand
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