Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187842 
Year of Publication: 
2016
Citation: 
[Journal:] Energy Reports [ISSN:] 2352-4847 [Volume:] 2 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2016 [Pages:] 40-47
Publisher: 
Elsevier, Amsterdam
Abstract: 
Conventional generation units encounter a changing role in modern societies' energy supply. With increased need for flexible operation, engineers and project managers have to evaluate the benefits of technical improvements. For this purpose, a valuation tool has been developed, comparing economical cornerstones and technical constraints of generation units to European Energy Exchange prices for PHELIX 2014. It enables the user to relate a change in technical parameters to an economic effect and possible revenues. Four different types of conventional power plants are investigated in scenarios with increasing CO2 and fuel prices to determine the impact of different flexibility options. Results show that an increased ramp rate has not the same magnitude of positive economic impact as reduced minimum operation load, based on an observation on a price signal with resolution of fifteen minutes.
Subjects: 
Flexibility options
Power plant costs
Power plant flexibility
Valuation tool
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article
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