Domestic Demand Response to Increase the Value of Wind Power
This thesis describes a new method to evaluate the value of wind power combined with domestic demand response. The thesis gives a brief overview of current domestic demand management programmes, and highlights the demand response and its current application. Such technology has conventionally been used for different purposes, such as frequency regulation, and to minimize the spot electricity prices in the market. The aim is to show whether such technology may become useful to make the renewables, and in particular wind power more interesting for investors. An assessment framework based on generation scheduling is developed to quantify the value of wind power. A further important aspect of value of wind power is the impact of intermittency on overall reliability of the system. This necessitates increasing the spinning reserve level which will increase the production cost. The changes in the spinning reserve level has been investigated in this thesis and it has been shown that how different forecasting errors may change the overall value of a windfarm over its lifetime. One of the most important aspects of a system containing demand response, is the availability of demand response. A load modelling package is developed to show the potential for demand response in a real system from domestic sector. With every increasing the concerns with regard to future of generation mix in Britain, this work has proposed over 72 scenarios for the future of generation mix in Britain and the impact of demand response to increase the value of wind power in 2020 has been investigated. The assessment framework is enhanced by showing that how the value of wind power combined with domestic demand response may change by changes in emission price, and cost of demand response. This will show the degree of feasibility of such system in which demand response is treated like a commodity.
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Persistent link: https://www.econbiz.de/10009428706
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